Rehab loans terms, fees and LTV by Hard Money Lenders
- Do Hard Money
- May 12, 2018
- 2 min read
Get funded within 7 days: http://bit.ly/gfTFln
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. Therefore, our rehab loans are easy to get and we can even fund within 7-10 business days.
When going to a hard money lender, you just need to make sure of the following things which are elaborated in details inside the video also providing tips for borrowers:
1. LTV
2. Maximum and Minimum Loan amount (we have no minimum loan amount)
3. What's the initial term of loan? (We do 5 months with no monthly payments and you can extend loan up to 3 times with extension fee)
4. Extension Fee (with one month interest based on your credit score)
5. Origination (The fee that you pay to make the loan happen which is added in the loan amount)
6. Time Line to Fund (We can fund within 5-10 business days)
7. Proof of Funds and Pre-approval
Hard money loan? Do Hard Money is the hard money lender you've been searching for to help grow your REI business and achieve your goals - call us today
For more details please visit Our Website - www.dohardmoney.com
Call To Day : 1.801.692.7703
Address : 8846 S Redwood Road C212, West Jordan, UT 84088
West Jordan, UT 84088
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