Our multi-million dollar fund allows us to make hard
money lending decisions for qualified projects in just days.
Not exact matches
The Federal Reserve's
decisions over the past 12 months to continuously raise interest rates from the near zero percent level of the past few years have made it more profitable for big banks to
lend money.
And this rate does affect banks and other financial institutions
decision making in terms of how much they are willing to
lend money for.
First and foremost, you need to discuss, with whoever you are borrowing from, your financial situation so they can make a
decision whether or not to
lend you
money based on whether they are comfortable that you can repay your debt.
If you are dealing with someone who is serious about responsible
lending practices, they will take some time to review your bank statements, incomes and make an approval
decision depending on your propensity to repay the
money without imposing an unnecessary burden.
Lenders will use a credit report and any collateral (property you own) in evaluating your capacity to repay and making
decisions to
lend you
money.
Credit reference agencies provide factual information with your consent, so that a company can make a
decision about whether to
lend you
money.
Creditors make
lending decisions based on the information they find on your credit file, and each will have their own criteria to decide whether to
lend money to you, how much, and at what rate of interest.
Direct lenders are
lending their own
money, have in - house programs, and make the final
decision on your application.
This could negate the original
decision to
lend you
money.
This may sway their
decision to
lend you
money or lines of credit.
We may ask why you need the
money but that is not a factor influencing the
lending decision.
But because private
money lenders can make quick
lending decisions, hard
money loans can work like «all cash,» because of their rapidity of funding.
If you do plan to go the route of using traditional financing from a bank there are a number of things that are going to weigh into the
decision of the bank to
lend you the
money.
One thing which isn't always understood by consumers is the fact that lenders do not base their
decision whether or not to
lend you
money based solely on your credit score.
In the aftermath of these two
decisions, it becomes even more important for parents to receive independent legal advice when
lending or gifting
money for a house purchase by their children.
• Provide project assistance for potential risk, fraud, and
money laundering; handle incoming and outgoing banker and customer calls to negotiate
lending decisions.