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Updated almost 4 years ago,
Loan or Mortgage to buy 700k property
I'm looking at a large investment property around 700k. I'd like to be able to act quickly in this competitive market so I am thinking using a hard loan to buy the property and then convert to a traditional mortgage. Anyone with experience? Am I wrong to think that a private loan will help me secure the property vs waiting a month or more for a mortgage?
Anyone has experience with homelending?