Welcome To Meet Vegas Hard Money

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Hard money means speed and simplicity. When using hard money lenders, an investor can tell a seller "I can close for cash in a week.". Mortgage News.That gets the seller's attention, especially if he has had offers that have fallen through due to financing contingencies. Money News.

Many borrowers of hard money loans have good credit. The only reason they go for a hard money loan is because it is FAST! And because it cuts through the red tape. And the borrower, especially the self-employed borrower, does not have to provide income verification. It is not uncommon to get funding in 5 days if the borrower can provide the necessary information on time. Hard money lenders are also used for bridge or short term financing.

Hard Money Loan is basically a "Sub-prime Loan" that works on collateral based underwriting. It puts more emphasis on the lendable equity in your property rather than on your credit. You can say that it is more of an equity based loan. Simply because it is more of an equity based loan it does not mean that only people with credit problem apply and get hard money loans.

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This website has been updated on October 16, 2009