I just read an article from the Trust Deed Capital Blog and in it they adequately cover the 4 key aspects one should keep in mind when thinking of getting a hard money loan.  Luckily for me and my company we fulfill these 4 points so you can get honest California Hard Money Lending for your real estate needs!

There are [unfortunately] Lenders out there who just want to take advantage of you, resulting in your loss.  So, being an individual home owner looking to refinance to consolidate debt or a renter who wants to buy a home for their family or even an investor looking to fix and resell property, hard money loans can be quite beneficial - IF done with a legitimate and expert Lender. 

These four points are important to find out and review before choosing your hard money lender:

#1. Funds availability of that Lender - you don't want to be held up by slow funding or even too short a time period allowed by that Lender. 

#2. Reasonable Terms and Finance Rates - compare them with other Lenders. Hard Money generally averages 10-12% interest only with no upfront fees. 

#3. Good References from Other Clients - testimonials [or lack of] on a website or Yelp or Google+ can really tell you a lot about a particular Lender or company. 

#4. Licensed, Bonded and Insured - there are numerous regulations and insurances that a hard money Lender is required to follow, all for your safety. 

These all play key aspects in a successful hard money loan transaction and your happiness with the results. If you are in another state than CA locate a reputable Hard Money Lender who fits these 4 points. 

If you are in California our family company fits the bill, so call us at 707-523-2099 and see how we can help you!

Best, Forest - The Guy in the White Hat

Broker of family owned company, Sun Pacific Mortgage & Real Estate, Hard Money Lenders serving all of California since 1988!  www.Sunpacmortgage.com CA BRE license#01000559/NMLS #289456

 

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