Benefits of borrowing from national hard money lenders
Are you in a position that is a financial fix and you really need some credit but cannot access it? Maybe you have tried the banks and all they keep doing is handing you back your credit application forms with the big red stamp on them? Well, if you are wondering what next, then it is time to interact with us, national hard money lenders. Here is a list of the benefits that you get from contacting u for your credit solutions.
Every American knows how tiresome it is to get the financial institutions to trust you with their money. When you apply for say a loan or a mortgage, the first thing that they do is that they will check your credit score. This means that if you have filed for bankruptcy in the past 7 to 10 years, the amount of credit you can receive reduces significantly and sometimes, they may deny you money altogether.
After the credit score hurdle, you have to get guarantors. These are people that are supposed to vouch for you so that in case your debt becomes delinquent, they will be followed up. You have to choose guarantors carefully because their credit reports will also be pulled.
Then, there comes the third hurdle, how you plan to repay the money. This is where they look at your work history and try to use it to determine whether you deserve money or not. Woe unto you if at some point you got retrenched and the credit card debt went unpaid for a month or two.
Then, there is the waiting. Normally, the bank will make you wait at least a month before they give you the honors of telling you whether you merited their loan or not. This simply means that if you have an emergency that needs your immediate financial attention, it will be impossible to count on the mainstream system.
What I am trying to tell you is that getting money from these lenders is the most complicated process that people have to endure. The best thing about contacting private loan givers is that:
- They will take less than 24 hours to verify the collateral you give them and give you the money you need.
- As long as you have collateral, you do not need to look for guarantors.
- The amount of money you will get will depend solely on the collateral that you offer and not other factors that you currently have no control over.
- No one will go snooping into your financial past or look up your credit scores to decide how much money you merit.
These are the benefits that come from changing tactic when it comes to borrowing. The best part from hard money lenders is that as long as you repay on time, you will get flexible deals in repayment.