private lending: New Lender's Viewpoint from Our Broker: Current Uses for Hard Money - 06/14/12 08:02 AM
Current Uses For Hard Money
 
Here are some Scenarios that depict the most recent and popular uses for Hard Money:
 
Scenario 1:  You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it.  Loanable equity means the amount you can borrow that exceeds what you already owe not to exceed 70% of the value of the property.  You usually cannot borrow 100% of the value.  You’ve tried your favorite bank, your favorite savings and loan, your favorite credit union, your favorite mortgage broker and gone on line and applied on several … (0 comments)