Avatar's Blog

» Make Saying Yes Easy

Posted on 9/4/2004
When applying for a hard money or bridge loan, don't forget to include the ACTUAL purchase price of the property, rather than the estimated value of the property or the MAI apprased value. Hard money lenders like Avatar need this information. Not providing it upfront simply leads to flase conclusions on the part of the lender, and perhaps providing you with false hopes. If your loan request is clear and thoroughly presents the cost of the property, the value of the property, the dates of purchase, appraisal, etc. you will be able to rely on the initial response you get from the lender. Even if the answer is 'no', you are better off with a fast, reliable response.
Posted in Miscellaneous