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Updated almost 10 years ago on . Most recent reply

Debbie Schoemann's profile image
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Debbie Schoemann
  • from Las Vegas, Nevada
  • Member since Jun 1, 2015
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Debbie Schoemann's profile image
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Debbie Schoemann
  • from Las Vegas, Nevada
  • Member since Jun 1, 2015
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Debbie Schoemann
  • Las Vegas, NV
0
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Private Lending & Conventional Mortgage Advice

hard money loans..

Debbie Schoemann
  • Las Vegas, NV
Posted

I am looking into getting a hard money loan..I want to use my Paid off home for collateral. I'm looking for only less then 20% of the value of my home..Credit is terrible that is why I'm thinking of going this route I want maybe 2 years and am hoping for no out of pocket cash on my end..Is this possible with this type of loan? How do you go about finding these types of lenders..

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Aaron Pfeffer's profile image
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Aaron Pfeffer
  • Lender
  • from Los Angeles, CA
  • Member since May 28, 2015
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Aaron Pfeffer
  • Lender
  • from Los Angeles, CA
  • Member since May 28, 2015
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Aaron Pfeffer
  • Lender
  • Los Angeles, CA
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Aaron Pfeffer
  • Lender
  • Los Angeles, CA
Replied

And there's the issue. HMLs like myself won't lend on a primary residence. You may find some that do in the form of a HELOC, but I haven't know any that will for quite some time. Wish I could help more...

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