Rehab loans terms, fees and LTV by Hard Money Lenders
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Different hard money lenders have different terms, fees and LTV for rehab loans they offer. But DoHardMoney's terms , fees and LTV is for the benefit of real estate investors.
Most of the hard money lenders ask for a set of borrower's qualifications while offering rehab loans. This may include credit score, a reliable client record and history, tax returns and a great job but at Do Hard Money, you do not need all of this. All we are worried is you having a tax-liens and bankruptcies because if you will have a good credit history and good job, then you won't need hard money loans, you will go to the traditional lenders. Our rehab loans are easy to get and we can fund within 7-10 days.
When going to a hard money lender, you just need to make sure of the following things:
1. LTV
2. Max and Min Loan amount
3. What's the initial term of loan?
4. Extension Fee
5. Origination
6. Time Line to Fund
7. Proof of Funds and Pre-approval
Different hard money lenders have different terms, fees and LTV for rehab loans they offer. But DoHardMoney's terms , fees and LTV is for the benefit of real estate investors.
Most of the hard money lenders ask for a set of borrower's qualifications while offering rehab loans. This may include credit score, a reliable client record and history, tax returns and a great job but at Do Hard Money, you do not need all of this. All we are worried is you having a tax-liens and bankruptcies because if you will have a good credit history and good job, then you won't need hard money loans, you will go to the traditional lenders. Our rehab loans are easy to get and we can fund within 7-10 days.
When going to a hard money lender, you just need to make sure of the following things:
1. LTV
2. Max and Min Loan amount
3. What's the initial term of loan?
4. Extension Fee
5. Origination
6. Time Line to Fund
7. Proof of Funds and Pre-approval