This article covers 4 key aspects to keep in mind, for anyone who is thinking of taking advantage of a hard money loan.
Be it 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.
However, you need to keep these 4 tips in mind to ensure you are actually getting what you want: (covered in more detail in this link from Trust Deed Capital blog - http://www.trustdeedcapital.com/blog/4-tips-for-finding-the-right-h...
#1. Funds availability
#2. Reasonable Terms and Finance Rates
#3. Good References from Other Clients
#4. Licensed, Bonded and Insured
These all play key aspects in a successful hard money loan transaction and your happiness with the results. So locate a reputable Hard Money Lender who fits these 4 points!
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