You might be surfing the web for the services and products of South Carolina Hard Money Lenders. Your budgets may be incredibly lean, if not painfully tight. And so, you may very well be in need of a bit of capital to help keep things together, to make ends meet, in the coming weeks, months, quarters.
If this sounds something similar to what you’re experiencing, chances are good that South Carolina Hard Money Lenders will fit your financing needs well. South Carolina Hard Money Lenders specialize in what’s referred to out in the capital markets as South Carolina hard money. This sort of financial instrument and arrangement is well suited to the borrower that needs to merely fill in a few holes in his or her household budget. In many cases, these are borrowers that more or less live financially lean. If ever there was over extending that sort of financial behavior it’s long gone, long past. Now, you really just need to focus on making ends meet in this extremely tough economy.
Traditional banks for the most neglect this sort of demand for the main reason that these arrangements aren’t at all as profitable as the hefty, inflated home mortgage product (in which, in most cases, principal doesn’t begin to be paid down well until, well into the 6th or 7th leg of the loan arrangement).
Hard money arrangements require real estate, which may prove to be a hitch for some, but most, even after the most recent bust in the real estate market, are still holding onto deeds of some sort, no matter how far under water those properties are. Yes, there’s likely at least one lien on the property, that being the one that wrote your mortgage for the home. But that likely won’t bother hard money lenders in South Carolina that you inquire with; they’ll have explicit language that accommodates whatever equity you do have in the property, as well as ensures that the private money lenders gets paid.