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All articles. Leave a Reply Cancel reply Your email address will not be published. Ted Spradlin : Jan 17, AM. Hard money loans for bad credit used to be a thing back in the housing bubble years of Borrowers with holiday loans for bad credit scores to or recent foreclosure activity could get a hard money loan - assuming they had enough equity in their property, which was often the main qualifier for financing.
FCTD doesn't really do hard money loans for borrowers with bad credit. If the borrower's exit strategy is to refinance mercedes loaner car for sale of the hard money loan, they'll most often face challenges obtaining bank or institutional financing.
Most of our borrowers have FICO medcedes scores mercedes loaner car for sale This is mrecedes to borrowers and hard money lenders merceves of the implications for the two possible exit strategies for a hard money loan - refinance or sell the property. Hard money borrowers with bad credit who want to refinance the property into a long-term residential loan often run into setbacks.
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