WHEN IT COMES TO HARD MONEY FINANCING, YOU MIGHT GET INTIMIDATED WHEN TALKING TO A LENDER AND NOT ALWAYS KNOW THE RIGHT QUESTIONS TO ASK. FIND A LENDER THAT IS THERE TO HELP YOU WITH YOUR CURRENT FINANCIAL SITUATION AND GUIDE YOU THROUGH THE FINANCING OPTIONS THAT ARE BEST FOR YOU.
RELIABLE AND FAST
Investors with private or “hard” money make their own decisions without having to report to an oversight or approval board. They can invest in any deal that makes financial sense to them, whereas a conventional lender would deem too risky. One of the major reasons investors like you choose hard money lenders is because they offer much better turnaround time than traditional lenders like banks. A good hard loan lender should be able to close the deal in 10 to 15 business days and sometimes even less than that. Anyone who takes longer without significant extenuating circumstances affecting the investment is just wasting your time.
SECURE AND KNOWLEDGEABLE
Hard money lenders service a particular niche of buyers who can’t acquire financing through conventional methods; however they are secured in the same ways as conventional mortgages. Both parties are well protected throughout the transaction; and a hard money lender will make a good partner that will help the borrower solve problems when they arise. If you want to make sure your loan falls into the confines of the law you will want to work with an experienced Hard Money Lender.