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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Investor
  • Kansas City, MO
110
Votes |
239
Posts

Are you making this common mistake when submitting a HML request? Here's a tip...

Account Closed
  • Investor
  • Kansas City, MO
Posted

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? 

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