Getting a real estate loan from a bank can be a very difficult and lengthy process, and if you have a low credit score you probably won’t have much luck. Getting a private money loan can save you a lot of time and frustration. The difference between an institutional lender and a private money lender – sometimes referred to as a hard money lender – is that private lenders look primarily at equity instead of a credit score. They are much more flexible than the banks, enabling them to complete loan transactions much more quickly and smoothly.
In this blog, we’ll discuss things like how to get a loan, home buying, refinancing, and more. If you’re interested in learning about the loan process, are interested in buying or refinancing a home or other property in the future, or are simply interested in the private money lending industry, then you should read further.
At 7 Day Loan Service, we’re dedicated to providing individualized service for all of our clients and helping them get the best loan available, regardless of their credit situation. We specialize in working with those with poor credit or those in unique credit situations that may not be able to get a loan from a traditional lending institution. Find out how you can get a private real estate loan today at 7 Day Loan Service.