Chris Eymann
05/30/2023
When it’s all said and done, a hard money lender is your friend.
And why is a hard money lender your friend?
This is because he’s gonna give you proof of funds, and a lot of people use these as cash.
Some good things to note: he’s not going to run your credit since he’s an asset based lender, therefore he just looks at your property, not at you the borrower.
A few potential downfalls you’ve got to keep in mind, however, are that some hard money lenders are going to charge a higher interest rate, and sometimes a larger down payment.
You’ve just got to remember there’s no credit check here, he only cares about the property.
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