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» Close In Two Weeks
Posted on 11/15/2004
Many hard money lenders promise to close loans in two weeks. Know that the clock starts ticking on that two weeks once you have submitted a complete application, all your supporting financial documents concerning the subject property, photos, and a check for about $5,000 to cover the costs of due diligence (appraisal, inspections, site review, etc.) and all of the above has been accepted by the hard money lender.
If you are making an initial inquiry, add the time it will take to gather all the documentation required by the lender and add that to the two weeks to get a realistic closing time.
Posted in Miscellaneous
If you are making an initial inquiry, add the time it will take to gather all the documentation required by the lender and add that to the two weeks to get a realistic closing time.
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