Hard Money Loan
Getting a Money Loan
While most conventional loans require a down payment as part of the borrowing process, hard money loans will instead use your existing assets to help you get cash to use as you see fit. Property is used as a collateral, then the value of that property is used to determine how much money you are able to borrow.
To secure a hard money loan, we will use your income, debt to income ratio, credit score, and the overall value of the assets you’re using. From there, it’s as easy as waiting on your funds to arrive. Once you have them, they’re yours to do with as you want – from consolidating debt to taking a vacation.
* Qualifying factors may apply