Tag: Private hard money lenders

When to Use a Hard Money Lender

When banks underwrite mortgages, they are concerned with just two things – your income, and if you’re buying a property with the intention to let it out, approximately 60-75% of the rental income. Banks need to know whether or not you’re going to be able to make repayments on the property. If they deem your Read More

How to Avoid Mortgage Scams by Private Hard Money Lenders

There are hundreds of fraudsters who pretend to offer hard money loans, only to scam unsuspecting and desperate people. To avoid losing money, one should be very careful when applying for these mortgages. Fraudsters may use different methods as bait to arouse interest to the borrowers such as offering low interest rates, hundred percent mortgage, Read More