Updated over 5 years ago on . Most recent reply
Hard money loan help please!
Hi all! I have roughly around 50k saved up and was wondering if a hard money was possible with this amount.. I’ve been shopping around and everyone seems to want around 45k upfront as far down payment and fees go and such which is definitely a tight squeeze.. but however on top of that they wanted to see that I had around 70,000 of liquidity before going through with the deal.. so my question is should I try and take out a personal loan on top of this just as added cushion and to show that I have that much liquidity? Or is it possible to find a deal with the money I have? Thanks so much guys!
Most Popular Reply
@Anthony DeMichael Where are you looking?
That shouldn't be a problem whatsoever. I wouldn't be surprised if where you are located if you call around to local HML they can guide you. I would call a few, not just simply one. In North I would call Ron Saulnier & Patick Stoy with MC mortgage they are able to explain and help ya understand! Good luck!