Updated almost 11 years ago on . Most recent reply
hard money loans..
I am looking into getting a hard money loan..I want to use my Paid off home for collateral. I'm looking for only less then 20% of the value of my home..Credit is terrible that is why I'm thinking of going this route I want maybe 2 years and am hoping for no out of pocket cash on my end..Is this possible with this type of loan? How do you go about finding these types of lenders..
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And there's the issue. HMLs like myself won't lend on a primary residence. You may find some that do in the form of a HELOC, but I haven't know any that will for quite some time. Wish I could help more...