Posted over 5 years ago

Why I Became a Texas Hard Money Lender

I love my career as a . Knowing why I became a lender can help you see why the loans that I offer are beneficial.

I didn’t always want to be a lender. Actually, I majored in Psychology in college, and even received my Masters in Counseling. It wasn’t until I was looking for work as a counselor that I learned about hard money lending, and decided to look further into it.

are people who have money to lend to people. It’s a private business transaction meaning that a bank or financial institution is not involved. Loans are approved quickly, and the normal constraints banks place on approval criteria are not considered. This includes credit score, income, and how much you have in the bank. All that you need for this type of loan is property with equity.

are for people who need money quickly. Since the money doesn’t come from an institution, it doesn’t have to go through underwriting, which usually takes days. Instead, it only takes a day or two for approval. This is such an important factor when people are looking for money. No one wants to wait weeks. This was one of the things that I really loved about it.

The other pull was that these loans are not only for people who have high credit scores. They are for people who have really low credit scores. This can help so many people who otherwise would never be able to get a loan. It’s an effective way for people in a financial hole to get out of it by using money to make money.