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Tigard, OR Hard Money Lenders

August 15th, 2010 Posted in Oregon Cities

Tigard, OR hard money lenders have been operating in this area for years and years. Tigard has a population of 49,000 people, and a population density of roughly 3,900 people per square mile. Tigard is a part of the county of Washington, and was founded in the 1960s.

Borrowers that have really low credit scores don’t have too many options these days. It’s a little different, if you’re going to talk about a borrower with a boat load of assets, no current debt (including credit cards and a mortgage on your house), and you have a stellar credit score. So if you don’t have these things, you’re out of luck. Unless of course, you know any of the Tigard, OR hard money lenders in your area. And if you do, then you’re fine; you’ve still got options. Here’s the thing, these lenders serve up what are called Tigard hard money deals.

These are debt arrangements, and within these arrangements, your low credit score doesn’t disqualify you. Your foot in the door is guaranteed by real estate; in other words, if you own real estate (even if you’re getting foreclosed on at the moment but still own real estate) then you’ll be able to get a deal done with one of these hard money lenders in Tigard. You apply for the loan, and they’ll ask about your property; you put it up as security to the debt, and there you go: you and these hard equity lenders have a deal.

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