Hard money loan is an easy way to get loan

Money is not so easy to gain. A man needs to do hard work to earn money. To earn money we are doing many tasks. Business is one of the big tasks to earn money. Many people doing this to earn money easily. Business is not so easy to start as it seen. It is a matter of big fund to make. To making a big fund, you will need to face with other financial sector. There are many sources to make your fund to make your business fund. Banks, financial organizations, NGO and private money lenders are known as the common source to find your business fund. There are many strict rules to get loan from banks, financial organizations, NGO farm and other conventional lenders. You cannot get loan earlier than 1 month from those ways. And you have to show your asset, income and credit information to get loan from those ways. But on the other hand hard money loan is now a great source to make your business fund. One can get loan within 1-3 weeks after apply for a loan. There is no other strict rule like banks, NGO and other conventional lenders. Anybody can easily get loan if he has property which he can use as collateral. But there are many people who have not good idea about hard money loan and this is the reason which is pushing them to avoid hard money loan. Hard money loan is so much easy to get. People should know about hard money loan deeply. There are many questions about hard money loan. Now I will try to answer to these questions.

What is hard money loan?

Hard money loan is a private money loan. It is directed by private money lenders who are also calling as hard money lenders. It is totally a property based loan. The full amount of this loan is depending on 80% after repair value (ARV) of borrower’s property. Hard money loan is so much popular in USA and Canada. There are many hard money lenders in USA and Canada.

How can I get hard money loan?

Hard money loan can get from hard money lenders through easy process. You can get your hard money loan from hard money lenders by submitting your property information only. You can get almost the full value of your property as loan from hard money lenders. You need to contact with verified appraisers to evaluate your property accurately so that you can get maximum amount as loan from hard money lenders.

How to make a hard money loan?

Hard money loan is depending on the property value. It is made by 80% of after repair value (ARV) of your property. This loan can be made by with low credit score and without credit score that means hard money lenders does not care if your credit score is lower than 500 or not. Income information is not a big matter for hard money loan. Anybody can get loan even if he has unverified income information also. But the amount of loan can be varying by your credit score and income information. One can get loan if he has bad record of home foreclosing and even if he is currently facing home foreclosing also.

Where can I get qualified hard money lenders?

Qualified hard money lenders are not so easy to find as seen. There are many sources to find hard money lenders. Mortgage brokers can give you the contact information of qualified hard money lenders. Real estate agents, real estate business investors can give you big qualified hard money lenders contact information. To get the information of hard money lenders you can go to business investors club and fix & flippers club. You can go there and ask around the clubs about hard money lenders to find qualified hard money lenders. You can also find qualified hard money lenders from internet. It is the easiest and earliest way to find qualified hard money lenders. There is a website which is providing all kind of hard money loan service. The name of this website is Lending Universe Inc. It is one of the largest sources of hard money loans and lenders. It has the largest database of hard money loans and lenders. You can find over 10000 verified hard money lenders from there. Their verified lenders are committed to provide you loan within 2/3 weeks when a bank need more than 1 month to approve any loan. On the other hand you can find over 17000 verified appraisers to evaluate your property accurately so that you can get maximum amount as loan. You also can find many registered loan brokers and real estate agents from there. From here you can apply for a loan within 2/3 minutes because here is a short loan application form. After filling up the loan application form you will get many bids or offers from verified lenders who are interested to give you loan.