বৃহস্পতিবার, ৬ ফেব্রুয়ারী, ২০১৪

A big mistake of borrowers

Money is the alternative name of comfortable and elite life. If you are looking for a comfortable life then you have to earn a lot of money. Many people are working on other’s farm. But if you are an employee then you cannot earn a lot of money. If you want to earn a lot of money then you can start a business. Business is the key to earn a lot of money. Money is playing a big role in every business. To ensure about money businessmen are firstly depending on their deposited fund. But when they are unable to make fund through deposited fund, then they are trying to looking fund from their friends and neighbors. But it is sometime really going hard to get money from friends and neighbors. Sometime this friends and neighbors are denied to provide money for many reasons. And sometime they are unable to provide full amount of money. In this case commercial loan is the only section to get fund for business.

Loan is weapon of alternative finance. Thus lenders are playing a big role in our financial era. Now we can think about strong finance department for having banks, NGO, financial organizations and private money lenders in our world. Private money lenders are different than banks, NGO and other financial organizations. Anybody can obtain loan from them with less documentation. They can lend you money without credit and income information also. But some mistake can make your process of loan so hard and difficult wherever you try to get loan. Loan is a lender to borrower’s process. After approving borrower’s application, lenders provided the loan. There some mistakes which are made by the borrowers when they are applying for loans. Now I will describe with you about one of the mistakes which is made by borrowers. The mistakes which I want to describe with you that without giving ALL the information about the loan, borrowers are soliciting price information.


Prices are changing with varying borrowers, property and transaction features which lenders believe affect their costs and risks. These include loan size, credit rating, type of property (including farm loan, small business loan and many more), and your ability to document of income and property and lots of others.

Unless informed to the opposite, hard money lenders evaluating prices presume a set of standard specifications that create the fewest prices. In case the specs on your loan differ at all, the amount will be higher. Now I will describe you by some examples. Here are the examples. 

First example is that, lenders presume you are buying a single-family home as your permanent residence home. However, in case in fact you are buying a condo, or the house is desired as a second home, hope to pay more.

Second example, hard money lenders presume that your income has been static for the previous 24 months. In case in fact you became self employed in the past 12 months you may not be capable of or qualified for the best rate regardless of your current income.

Third example, hard money lenders presume that your refinance loan or mortgage request does not include a certain amount of cash-out. In case you get a quote for a 5% rate it may change to 5.5% once the lender discovers that you need $100,000 cash over and above the existing loan.

And the solution is:

Lending Universe Inc. can provide you those opportunities which no other can provide you. We have short and simple loan application form which you can fill up within 2/3 minutes. Fill up the Lending Universe Inc. loan application online from home, whether you are a looking for a small business loan or some other kind of such loan. Your all data will be instantly transferred or send to only those verified lenders who match or perfect the exact scenario of your application. And then you will receive loan bids based on your particular situation from the lenders who are interested to lend you money through the tool which name is “Loan control center”. It is a great tool which will provide you by Lending Universe Inc. You can easily controlling your loan process through this tool. This tool will be visible until you close the loan. Compare the bids and select the one that is truly the best for you by loan control center tool. Here are about 10177 verified lenders to provide you loan within 7 business days also. You also could found about 17197 verified loan brokers. Here are about 17663 appraisers to evaluate your property accurately. 15591 verified real estate agents are also having in our database. We have the largest database of hard money loan and lender. Anybody can access our database instantly.

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