With Eagle, ID hard money lenders, you have a situation that’s very different from what you might have experienced with a big bank. First of all, these lenders aren’t wholly and completely preoccupied with your credit score, the way big banks get caught up in these metrics when it comes to issuing new debt. Instead, these lenders will spend the majority of their efforts toward and about what’s referred to in the banking business as a hard asset (in other words, real estate).
The hard asset is the key, the absolute core and heart of Eagle hard money. Without it, there will be nothing to talk about with these lenders, as this is the basis for the loan, the size of the loan, and is pretty much the only qualifying factor. The details surrounding the property, however, will vary from lender to lender. There are hard money lenders in Eagle that really only accept residential properties, while other lenders only accept commercial properties. It just depends on the lender, and the niche he’s going after in the market. You’ll want to look these things up, spend a little time putting in the due diligence about and with a hard money lender list.
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