Monday, May 28, 2007

Understanding Your Private Mortgage Client

Why would anybody use hard money for a mortgage?

Hard Money is not a solution for everyone. For example on a Commercial Project- stopped because of no funds- the builder has 3 options

1. Stop the project
2. Take on a partner or
3. Hard Money.

Hard Money is less expensive then bringing on a partner.

For residential borrowers it can

1. Stop foreclosure
2. Give time
3. Give options

To learn more, buy Private Mortgage Investing by Teri B. Clark.

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