If are looking to flip a home or just get a loan for any type of fixer-upper house, you should be looking into hard money loan rates. What are hard money loans? Hard money loans are a type of private loan. No, this isn’t a loan from your mom or Uncle Scott. You get these loans from private investors and not from a bank. Why go to a private investor instead of the trusted and true bank loan? Here are a few reasons why.
- Not About Creditworthiness
The first idea is that loaners aren’t looking at your credit score in order to decide if its worth it to invest in you. They are looking at the property that you’re trying to get the investment for in the first place. The value of th