Thursday, April 1, 2010

What the Customer Wants to Know

We are constantly updating our website. We go back and forth with our developers, arguing about what would be best for you to not only keep you interested but mostly to EDUCATE you. What better way to have you use hard money then to have you understand what it is we do exactly. So, here we go. Here are some of the common questions that I receive daily. This information is on our website, (Now you are probably thinking why would we repeat this information if it is already on their website??) however, I think perhaps, it just needs a better explanation or maybe just a different viewpoint.


One of the questions that I receive A LOT is what are our pre-qualifications for our loans. Well, you see, here is the great thing about DoHardMoney (because not all Hard Money Lenders do this). We are not a BANK. We aren’t CONVENTIONAL (**gasp**). We are not going to take the average 30-60 days to get you your loan. We get all of our money from Private Lenders. In fact, if you have your property under contract, and you can get all of you paperwork in check for us, we can get your loan turned around in 48 hours. So what do you have to do to get the loan?? Here it is:


1. We lend based primarily on the property, not YOU.

2. You have to have the property under contract. We can’t speak to you until you have that first.

3. Make sure it is in the States that we Serve. We list them all out on our website with the Counties underneath. We make no exceptions on this.

4. Make sure it is within our pricing, between $50,000 and $250,000. No exceptions.

5. No outstanding judgments, or bankruptcies within a year.

That’s about it. We have specific types of properties we won’t lend on, but basically what we DO lend on are Single Family Non-occupied Homes, Condos, Twin Homes, Town Homes and Lofts.

Again, we loan based on the property not you. So, we don’t need your taxes, we don’t need your proof of income, etc. Take a look at our Frequently Asked Questions, I think you will be pleasantly surprised.

2 comments:

  1. Can you please provide me with your lending guidelines, rates, points, etc.. and do you lend in Missouri?

    thank you,

    Jeff
    jeff@ayilinc.com

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  2. Hi Jeff -

    You can view the loan fees and credit scores here: http://www.dohardmoney.com/site/residential-loan-fees
    No we do not lend in Missouri. These are the states where we lend in:
    Arizona, Colorado, Georgia, Idaho, Maryland, Nebraska, Nevada, New Mexico, North Carolina, Oregon, Texas, Utah, Virginia, Washington, West Virginia

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