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Hard Money Loan Requirement

Добавлено: 14 янв 2022, 20:30
People will tell you that you need anywhere from ten to twelve different things to get approved for a Hard Money Loan these days. They will talk to you about downpayment, setting up an Entity or LLC, proof of income, repayment strategies, attorney reviews, and whatnot.
While those are important things to consider, the MOST important requirement you should worry about is the equity in the property. Having the required equity in a particular property to use as collateral for the loan will be the most important consideration for your hard money lender.
Securing hard money loans is a different process from traditional mortgages but it does not have to be difficult.