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Due to predatory lending and expensive rules, hard money bridge loans are only permitted for investment properties. You cannot obtain a Hard Money Bridge Loan if you are shopping for an owner-occupied property. Due to the substantial risks, some states have non-judicial foreclosure legislation as well. Due to the protection provided by these laws, lenders feel more secure providing these high-risk loans because they are not traded on the secondary market and the lender keeps the note.
Additionally, rural communities are not eligible for these loans if they have poor FICO ratings. If you have poor credit, get in touch with Stratton Equities to find out your available loan alternatives and which one will unikn you the most. Salal credit union solar loan goal at Stratton Equities is to make private mortgage lending simple, effective, and stress-free. To find out if you qualify for loan pre-qualification, call us atsend us an email at info visit web page. All Posts mortgage programs loan products hard money real estate salal credit union solar loan tips first time investor real estate entrepreneur term loans no-doc loans hiring.
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