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credit: Do Colorado Hard Money Loans Affect Your Credit?
- 02/19/19 10:39 AM
Because Colorado Hard Money Loans are private loans that operate outside the traditional banking system, we get this question a lot around here: will a Colorado Hard Money Loan affect my credit? Let's break it down as clearly and succinctly as possible.
The answer to this question comes down to the differences between a conventional bank loan and a Colorado Hard Money Loan. When you get a common mortgage or loan through the bank, they will run your financial life through a system of checks to see if you're the type of person who will pay the loan back. This will … (1 comments)
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credit: Can You Really Be Approved for Texas Hard Money Loans with Bad Credit?
- 02/12/19 11:49 AM
Obtaining a loan can be a difficult process if you don’t understand all of your options. If you haven’t explored the potential of private lenders, read more below to see what kind of things that offer that public money lenders don’t.
Joe and Sue were looking to fix and flip a home, but they had limited experience and an imperfect credit score. However, Joe’s experience in business school and Sue’s experience as a designer made them great candidates for successfully flipping a home. Still, their local banks wouldn’t approve their plans.
Joe and Sue began to look elsewhere, and soon found that private … (0 comments)
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credit: Why Hard Money Loans are Interest-Only and What that Means to You
- 01/22/19 09:16 AM
One of the biggest questions people have is, “Are Arizona Hard Money Loans interest only?” Generally speaking, they are, but you should know the benefits and pitfalls before jumping in.
One of the most misunderstood forms of financing is Arizona Hard Money Loans. Unlike traditional lending options offered by banks, these deals are most often financed by individual people, so you’ll also hear the concept referred to as private money. It’s leveraged quite a bit in the real estate industry. For example, someone in the fix-and-flip business might source funds this way. A real estate investor who intends to hold his property … (0 comments)
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credit: How Credit Scores Impact Loans and Why Hard Money Lenders Don't Care
- 01/22/19 09:11 AM
Few people with rotten credit will get the funding they need through traditional methods. Arizona Hard Money Lenders are less concerned with your credit, so they may be a viable option if you’re getting bank denials.
Insufficient credit and low credit scores are involved in 36% and 26% percent of funding shortfalls, according to a recent Small Business Credit Survey put out by the 12 Federal Reserve Banks. Overall, about 77% of businesses do not get the funding they need, which creates a major gap in lending.
What’s more, 87% of small-business owners are using their personal credit scores to obtain financing, simply … (1 comments)
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credit: How Arizona Hard Money Loans and Rotten Credit Work Together
- 01/14/19 01:56 PM
Receiving loans can be extremely difficult if you live in a precarious financial situation or have a history of bad credit. Fortunately, there are alternative options for people in need of financial help when a bank isn’t the answer.
When working with a bank, many requirements may stand between you and your loan. Credit score, income, debt, and current loans are a few things that may make borrowing difficult. Banks are traditional, public lenders that evaluate past financial performance before agreeing to a loan. Requiring good credit ensures them that their borrowers are capable of making deadlines on a strict repayment period. … (2 comments)
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credit: 4 Simple Steps to Getting an Arizona Hard Money Loan
- 01/14/19 09:09 AM
Getting funded through a hard money lender is much less stressful than the process of a conventional loan. Many people aren’t familiar with the process of getting a Arizona hard money loan.First of all, if you are looking to obtain a Arizona Hard Money Loan but aren’t familiar with the process, take a deep breath. This is most straightforward and painless loan process in existence. This article will cover all the steps you need to take to get funded through a hard money lender.
1. Find lenders— You can use a hard money lender from any part of the country. You can … (1 comments)
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Because Colorado Hard Money Loans are private loans that operate outside the traditional banking system, we get this question a lot around here: will a Colorado Hard Money Loan affect my credit? Let's break it down as clearly and succinctly as possible. 
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