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How to Find Genuine Hard Money Lenders

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Get information about hard money lenders for your real estate projects.

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How to Find Genuine Hard Money Lenders

  1. 1. ==== ====Check out the link below for more resources:http://hardmoney.toufangle.com==== ====Have you tried all self proclaimed hard money lenders in your town and you are unable to findmuch difference between the guidelines of these lenders and conventional lenders? Are you insearch of a genuine hard money lender, who could fund you in as less than 7 days without muchhassle?If you have answered "yes" to above questions, then you have come to the right place. This articlewill help you in finding the answers to your questions in an easy way.Before getting into the discussion zone, let us first deal with the 800 pound gorilla in the room...So, what are the factors which make a "real" hard money lender company?There are some basic differences between the so-called and real lenders, which you need tounderstand first. Apart from that, there are some solid reasons of choosing a true hard moneylender over a false one.Difference #1 - A true hard money lender isnt interested in your credit history. A real lender willnever put a condition that if you dont have a good credit history, you wont get financing. Thereare many hard money lending companies, which will say that they dont care about your credit butat the end of the day, theyll say that their minimum credit score requirement is 600.The reason behind this is these lenders are packaging their loans for Wall Street or banks, soultimately theyll have to conform to all the legal requirements set up by these traditional lenders,which cant be afforded by a person who has a bad credit history.Difference #2 - On the other hand, a real lender ONLY cares about your collateral you are willingto invest in. They will get your property evaluated by professional independent evaluators, who willlook at your property without any preconceive notions. They will give a purchase price, repair costand estimated after repair value (ARV) of the property to the lender and if they find it good enough,they will fund you there and then.Whereas, the imposters will put your credit score, job history, salary and other finances at the topof their loan requirements list before offering you a loan, which is exactly same as conventionallenders work.This shows that there is a huge difference between a real lender and an imposter.Now, coming back to the main question, how to find a genuine hard money lender?
  2. 2. The basic predicament here is that there are very few of them in the real estate investment world.You can start finding them via internet by looking at their guidelines. I would also like to introducea precious resource know as DoHardMoney.com to you, which have one of the most easiest hardmoney loan options available online.They offer more than 35 different loan options and are termed as genuine hard money lenders dueto their easy guidelines. You can get the details about their no-cost, no-fee loan application byclicking this link: http://www.dohardmoney.comArticle Source:http://EzineArticles.com/?expert=Alice_Green==== ====Check out the link below for more resources:http://hardmoney.toufangle.com==== ====

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