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Updated over 6 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Yolanda Martinez
4
Votes |
16
Posts

Private Money/ Hard Money Loans

Yolanda Martinez
Posted

After I have purchased a loan with either a private loan or hard money loan. How soon can I refinance the home?

  • Yolanda Martinez
  • Most Popular Reply

    User Stats

    186
    Posts
    96
    Votes
    David Wright
    • Lender
    • USA
    96
    Votes |
    186
    Posts
    David Wright
    • Lender
    • USA
    Replied

    @Yolanda Martinez

    Yolanda, I am a commercial lender like many of the others here that have given you very good information and advice.  The one thing I would add (which doesn't really help me) is to check with your local banks and credit unions in your community.  You be surprised what they have to offer.

    Yes, it is sure that banks and credit unions do not really focus on investment property lending, but some will do it and to be honest with you their rates and terms are going to better than any hard money lender you can find most likely. 

    I wish you the best.

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