Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

Account Closed
  • Investor
  • Kansas City, MO
110
Votes |
239
Posts

Are you making this common mistake when submitting a HML request? Here's a tip...

Account Closed
  • Investor
  • Kansas City, MO
Posted

Here's another tip for working with hard money lenders. 

Follow the submission guidelines the lender has put in place. Give the lender a complete submission using the guidelines but don’t go overboard with the information. Don’t submit more information than is initially requested.

Hard money lenders want to consider a specific loan opportunity. Hard money lenders do not want to consider nor have time to look at random “what-ifs”.
Additional information is often in the way of being able to consider the facts of the loan request. Submitting too much information before the information is requested is a common mistake. A lender will ask for more information if it is needed.

Do you have hard money loan questions or tips? 

Loading replies...