If you can develop a relationship with a LOCAL hard money lender, you can get funds within a couple days, and sometimes with no appraisal or other costs (except for
origination fees of course).
Not exact matches
Your APR is determined by a few key data points you'll see on your offer sheet — the total loan amount,
origination fee, the total amount you'll eventually pay back to the lender once the loan has run its
course, and the number
of payments you'll make.
And
of course, Funding Circle also has an
origination fee, that is typically 4.99 %
of the loan amount you are borrowing.
And they are weighed down by high
fees (there is a servicing
fee, an
origination fee, mortgage insurance premiums, closing costs, and,
of course, the interest).