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» 7 Mistakes To Avoid in Hard Money - #1

Posted on 11/22/2004
Asking 'how much' without telling the lender the 'whole story.' Hard money lender rates are directly proportional to the risk involved with a loan. Risks include: you, the lender, the property type, location, amount of the loan, LTV request and more.

When requesting quotes, be sure to include as much as information as possible about your loan - including and especially all the 'warts'. You'll get faster more reliable answers.
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