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发布于:2018-1-4 06:09:26  访问:13 次 回复:0 篇
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It`s A Waste On Take A Look At To Know This Much About Hard Money Lending
Some investors simply will not borrow hard money because they can not justify the thought of the costs involved. (Some people drive an extra 10 miles to save .02 cents on a gallon of gas.) HMLs often charge 5-10 (or more) points. Each point is 1% of the loan amount. And the interest rate that they charge is often over 15%. Plus they will often not lend more than 65% of the after repaired value.
moneylenderreview.com.sg
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If you are trying to get a loan, based upon assets of the company, that`s not real estate related, then you need to look for somebody who is doing business money management online free.
And even if you are getting an awesome deal, the points and fees at closing are going to be at minimum $2000. Most newbies don`t realize that they will need to come out of pocket at this point and they don`t have the cash to close.
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Wow, that seems like ages ago. After 15 years of the 9-to-5 routine I realized that I was really no further ahead financially than I was when I got divorced. And to make matters worse, when my \"baby\" turned 18, the child support ended. That`s when I decided that something had to change. We all know the saying about the definition of insanity - doing the same thing over and over again and expecting different results. I knew I would have to break out of the loop and find something that would help me achieve financial freedom.
The other situation is where people aren`t buying the property at a low enough ARV to get 100% financing. They have a \"gap\" between what the hard money lender will give them and what they need to purchase and rehab the house.
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