Updated over 6 years ago on . Most recent reply
Private Money Lender Requirements
Does anyone know the information needed when filling out an application for a private money loan from a lender? Also do they require your Social Security number?
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"Private" money lender refers to a personal contact, not a bank or group of investors. It's your neighbor, parents, uncle, brothers, friend. Their terms are whatever you two agree on, frequently less expensive terms than a hard money lender. A hard money lender will certainly require your SSN and sometimes your firstborn.