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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: "hard money" is usually a hard row to hoe. Posted by Ward-CA- on January 10, 2002 at 7:28 AM In Reply to: posted by on January 06, 2002 at 11:23 AM : Just curious if this is the easiest and best way to acquire loans? From my understanding of hard money, they will loan around 65% of the value of the property with high interest. Is this accurate or is it more negotiable than that? : Just curious if this is the easiest and best way to acquire loans? From my understanding of hard money, they will loan around 65% of the value of the property with high interest. Is this accurate or is it more negotiable than that? =•=•=•=•=•=•=•=•=•=•= Matt, if you borrow of up to 50% of property value you could do it without qualifying since the 50% protective equity is all the collateral most lenders need. But once you go over 50% loan-to-value (LTV) you would have to qualify creditwise. Most hard money lenders are typically the “take it or leave it” breed of lenders—not too negotiable on what they will do. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Just curious if this is the easiest and best way to acquire loans? From my understanding of hard money, they will loan around 65% of the value of the property with high interest. Is this accurate or is it more negotiable than that? : : Just curious if this is the easiest and best way to acquire loans? From my understanding of hard money, they will loan around 65% of the value of the property with high interest. Is this accurate or is it more negotiable than that? : =•=•=•=•=•=•=•=•=•=•= : Matt, if you borrow of up to 50% of property value you could do it without qualifying since the 50% protective equity is all the collateral most lenders need. But once you go over 50% loan-to-value (LTV) you would have to qualify creditwise. : Most hard money lenders are typically the “take it or leave it” breed of lenders—not too negotiable on what they will do. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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