National Hard Money Lenders

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.

Fewer bureaucracies

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.

Private Lenders Houston

Frequently asked questions about private lenders houston

When you are a first time investor, it may not be easy to understand the dynamics of hard money lending. This is because in this case loans are given in exchange for money as opposed to the normal situations where a customer is given credit to buy a home or some other property. People who are used to the normal loans might have a hard time understanding the terms and conditions used by private lenders houston. Well, here are a few of the frequently asked questions about these loans.

Does my credit score matter when I borrow money from these lenders?

While our credit scores will matter whenever we are doing all kinds of money borrowing, the regulations are not that strict when it comes to borrowing quick cash. This simply means that if you do not have a great credit score, it is still possible to access credit from us. This makes our services the best for people who have issues with their financial past but still need credit.

What does one need to access this loan?

The best thing about our loans is the fact that all we need is collateral to process some money for you. If for instance you bought a new home and haven’t sold the old one, you can use it as collateral to get this quick loan. Other items that are used as collateral include cars, electronics, jewelry and other precious and valuable things. We inspect and value the collateral, and then we lend the amount of money that can be covered by the item.

How long does it take to access the money?

This is the most wonderful part about the loans. Unlike the normal loans that involve endless paperwork, bureaucracies and other processes that take months before you can access the money; our services are so straightforward that it is possible to get money within the day you apply for it. Ellis equity | houston hard money lenders service is a direct money lending companay which is the the best alternative who are in need of urgent cash. The only thing we require from you is that you bring the collateral and the papers that confirm that the item does belong to you.

How much time will I be given to repay the loan?

There are many factors that we use to determine the amount of time the loan recipient should take to pay back the cash. The first factor is the amount of money that is being borrowed. Normally, for smaller amounts of money, we will give you a shorter grace period and for bigger amounts, the grace period will be longer. We also have options that make it possible to extend the repayment period, in cases where the person is unable to make the repayments on time.

These are some of the questions that most of our customers ask about the products we offer. The mainstream money lending service is full of bureaucracies that make it complicated and at times even impossible to access money.

Private Money Lenders Houston

Getting cash from private money lenders Houston

The credit crisis has left many people in serious financial situations. There are many who lost their jobs and as a result, stopped making mortgage payments, insurance and other important commitments. When defaulting occurs, the lenders are normally very quick to repossess their property and unless the person files for bankruptcy it is easy to lose everything. The problem with these processes is the damage they have left in many of our credit scores. As a matter of fact, there is a huge percentage of Americans who can no longer access mainstream credit. If you are one of these people, you need to think about getting help from private money lenders Houston.

What to consider before approaching a lender

While we try our best to offer loans to people that do not have the financial stability that is recommended by banks and other institutions, it is important to note that we need the money repaid so that we can stay in business. This is why we have put in place a system that helps us serve you better. Here are some of the considerations that we normally recommend our clients to make before they start looking for services from us.

  • Ability to repay the loan on time: there are people who are still the misconception that our loans are available for swindlers and people that have zero intentions of repaying the money they are owed. When you approach our service from this point of view, we will be forced to take the asset you left to us as collateral and resell it to acquire our cash back. Before asking for the loan therefore, it is wise to ensure that you can make the repayment within the stipulated time. This will help you get a good experience with our lending system.
  • Genuine collateral: Believe it or not, hundreds of Americans still walk into our offices looking for a loan while carrying fake documents as prove of collateral. Note that we do take time to verify ownership of these assets and it is illegal to present fake documents to try and get credit.
  • Interest rates: there was a time when there was a huge outcry over the interest rates that were being charged by organizations of our type. However, things have really changed now and the interest rates are being regulated by the mainstream credit systems in the country. This means that we will not overcharge you for the services that we lend.
  • The consequences of defaulting: another thing that we recommend our customers to look at before getting the loan is the terms and condition on what happens when they do not make the loan repayment in time. We have tried to make the repayments flexible to allow for late payments.