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Different hard money lenders have different terms, fees and LTV for rehab loans they offer. But DoHardMoney's terms , fees and LTV is for the benefit of real estate investors.
Most of the hard money lenders ask for a set of borrower's qualifications while offering rehab loans. This may include credit score, a reliable client record and history, tax returns and a great job but at Do Hard Money, you do not need all of this. All we are worried is you having a tax-liens and bankruptcies because if you will have a good credit history and good job, then you won't need hard money loans, you will go to the traditional lenders. Therefore, our rehab loans are easy to get and we can even fund within 7-10 business days.
When going to a hard money lender, you just need to make sure of the following things which are elaborated in details inside the video also providing tips for borrowers:
1. LTV
2. Maximum and Minimum Loan amount (we have no minimu...
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