Private lenders primarily focus on the profitability of the deal you are considering. They have to calculate the Loan-to-Value ratio to measure the risk. But traditional financial institutions look at your creditworthiness and the collateral.
What Criteria Do Private Mortgage Lenders Use?
If you do not qualify for a mortgage with a conventional lender, worry not. You are not the only one. There are many reasons banks to reject mortgage requests. Whether it’s employment issues, bad credit, property risks, or other factors, a private mortgage can be your solution.
Common Funding Prerequisites for Hard Money Lenders
Are you looking for a loan to finance your real estate project or business? If you have decided to go the hard money lending way, it is important to understand certain basic yet crucial requirements.
New to Hard Money Offers?
Hard Money Offers is a platform where borrowers can quickly and easily connect to hundreds of hard money lenders across the country to fund their real estate deals.
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