Are you making this common mistake when submitting a HML request? Here's a tip...
Here's another tip for working with hard money lenders.
Follow the submission guidelines the lender has put in place. Give the lender a complete submission using the guidelines but don’t go overboard with the information. Don’t submit more information than is initially requested.
Hard money lenders want to consider a specific loan opportunity. Hard money lenders do not want to consider nor have time to look at random “what-ifs”.
Additional information is often in the way of being able to consider the facts of the loan request. Submitting too much information before the information is requested is a common mistake. A lender will ask for more information if it is needed.
Do you have hard money loan questions or tips?