Website design By BotEap.comThere are many questions on the minds of borrowers who have never availed a big money loan. If you compare the process of obtaining one to that of a bank loan, you will find that the former is straightforward and straightforward. The hard money = and investment property lending processes are very similar to each other. But additional documentation is needed in the owner-occupied process due to government rules and it is also a longer process.

Website design By BotEap.comFollow these six steps to get a fast and easy hard money loan.

Website design By BotEap.comFind a local hard money lender

Website design By BotEap.comThe first way to get one is to find a lender that will lend money in your area. You can search the Internet for these lenders. You can also visit a local real estate network and get referrals from real estate professionals about a local lender.

Website design By BotEap.comInterview selected hard money lenders

Website design By BotEap.comAfter meeting a few money lenders in your area, start interviewing them. Call each hard money lender to begin the interview. Have a short conversation with him to get a good understanding of each strategy. He should give you a rough quote with points and interest rate.

Website design By BotEap.comSelect a lender and apply for the loan

Website design By BotEap.comThe hard money process is very quick and easy. You must complete a brief personal financial statement about yourself, liabilities, expenses, income, assets, property in question, and employment. It will take about 15 minutes to request it.

Website design By BotEap.comSign Disclosures

Website design By BotEap.comElectronic signature consent is the primary disclosure. The lender is given permission to mail you documents. You must follow the privacy policy, fair loan notice, risk insurance disclosure statement, and mortgage disclosure statement to apply for the loan.

Website design By BotEap.comSign documents

Website design By BotEap.comThe loan documents will only be ready when you sign the disclosures. There are certain things that make up the loan documents:

Website design By BotEap.com• Guarantee payment

• Note

• Escrow instructions

• Deed of trust

• Arbitration agreement

Website design By BotEap.comInitial payment by transfer

Website design By BotEap.comWhen the lender receives your completed signed document, the borrower must pay the advance. Once the escrow confirms that they have received all the documents, the loan will be financed by them.

Website design By BotEap.comUse the hard money loan process to get your loan approved quickly and smoothly. Real estate investors mainly opt for this loan because of its quick approval.