As is the case through the U.S., but particularly in this state, the median credit score of the average borrower has come down quite a bit in the past year alone. When you factor into this situation the fact that the big banks just aren’t lending the way they used to (think of all those sub prime mortgages), and you’ve got a situation that’s quite toxic for the person trying to get approved for a loan. But this is just the opportunity that Shelley, ID hard money lenders have been waiting for.
See, this certain class of lender is in the business of getting folks approved for what are called Shelley hard money loans. These loans are geared toward borrowers that don’t exactly have the best credit scores. These borrowers might even be facing foreclosure, perhaps even bankruptcy. However dire the personal financial situation, the fact of the matter is, is that if you own property, if you’re carrying a mortgage (despite however late you might be on payments), then these hard money lenders in Shelley will want to do business with you. They’ll approve a loan for you that’s commensurate to the value of your property, not your credit score. The private mortgage extended to you will be proportionate to what you own, not what your statistical score is.
For More Local Private Money Lenders: https://hardmoneylendersonline.com/idaho[webdirectory-listings locations=Shelley show_views_switcher=0]