Benefits of Hard Money Loans

Rather than being based mainly on your credit stance, hard money loans are typically based on the value of your investment. Although all loans are based somewhat on your credit, it is easier to qualify for more money depending on the equity of your investment and your investment plans. To find out if you qualify for a hard money loan, contact ABC Properties LLC today to fill out an application.

Because hard money lenders rely on the competition in the area, many lenders will lower their interest rates to suit the local market. When it comes to conventional loans, they are not overly concerned with the local competition and the interest rates tend to be higher as a result. However, depending on the risk being taken by the lender and the value of the investment, interest rates could be higher than expected. Discuss this with the lender during your consultation.

On occasion, a hard money loan can be approved the very same day that the application is filled out – giving you access to your money, faster.

When you are ready to get started investing with hard money loans, give ABC Properties LLC a call. We are here to answer your questions, explain the lending process, and explain in detail the many benefits of hard money loans. We have locations in Missouri for your convenience.