Hard Money???????????????

Comments(5)

• 
  tanya12156th July, 2003

  If you are looking for a loan, then check out the "Lender Finder" by clicking on the "Lenders" link at the top of the page.
  
  A Hard Money Lender (HML) is a lender who charges high points and high interest rates, but can have cash to you for closing within 72 hours. They usually don't loan more than 70% LTV. Investors use them if they need cash to close quickly.
  
  If you have decent credit, income, and time, then you should be able to get a conventional loan. If you cannot find a loan from the Lender finder, then contact a mortgage broker to help locate a loan for you.
  
  Tanya

• 
  markcam6th July, 2003

  thank you ,I do have a problem with my credit only one bad thing, 30,000 tax lein thats what is killing me i do need to close quick, before it hits the market it is a great deal, I would not mind paying that top dollar for this project because of the great money making potenial

• 
  markcam6th July, 2003

  i tried to use the lender section but it had no matches for hard money lenders

• 
  KyleGatton8th July, 2003

  Go to my profile and email me what you have. I might have some investors for you if it is in Florida. Worse case scenario you could get a bird dog fee. Also email me your phone number in case I have any questions.
  
  Thanks,
  Kyle

• 
  tanya12158th July, 2003

  markcam,
  
  If you cannot find a HML from the Lender Finder, then why not find a good mortgage broker to help you? You can find "investor-friendly" mortgage brokers at your local REI club. You can find one in your area by clicking on "Groups" link at the top of the page. Once you find a good mortgage broker, then they will help you with what you are trying to accomplish and can sometimes give you creative ideas of how to get around problems.
  
  Tanya