Saturday, July 10, 2010

Private hard money lenders

Private hard money lenders are in the business
of lending money on hard assets. They are
not banks with lending-committees and rigid
bank-guidelines. They are not conventional-
mortgage companies that are regulated by the
government. They are private and that gives
them flexibility so they can create their
own lending program.

That is why understanding the lender's program
is so important. That is why the Private Money
Lenders Source gives you information about
the lender's program upfront, so you can
use that to match your deal to the right lender.
Sure, lender programs evolve sometimes, but
some lender programs haven't even changed in

So, don't count yourself out. Don't be
embarrassed by your credit-score. Your private
hard money lender couldn't care less, if your
deal is right and you have a great property
and a solid loan package.

Some of the most successful real estate
investors have average or lower-credit. It
just doesn't stop them, because they have
learned that private hard money lenders only
look at your credit-score as a piece of
information. In fact, some don't look at
your credit-score at all.

1 comment:

  1. Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization.