Hello George. You will certainly be happy to hear that one of our private lenders has agreed to help you and to lend you the $6000 you requested. When you have received the contract (within an our or two), sign it and then we can transfer the money into your account. Thank you.
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Correia said the lenders, who have been identified as investors by. However, The Herald News has identified several of the people who gave money to Correia, including local orthodontist Dr. David.
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Hard money loans make the most sense for short term loans. Fix-and-flip investors are a good example of hard money users: they own a property just long enough to increase the value – they don’t live there forever. They’ll sell the property and repay the loan, often within a year or so.
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The effort targets providers of money for borrowers who can’t afford the 3.5 percent. they typically limit the loans to local residents. Chenoa operates nationally. HUD said government agencies.