WHAT TYPE OF BORROWERS ARE APPROPRIATE FOR HARD EQUITY LOANS?
Hard Equity loans are appropriate for many borrowers, including borrowers who want to close fast, borrowers who seek flexible terms, and borrowers who do not wish to provide all the documentation required by traditional lending sources. The primary consideration in Hard Equity loans is the borrower’s equity position. Thus, to qualify for a Hard Equity loan the borrower need only show sufficient equity in the subject property, clear title, quality credit score and the ability to repay the mortgage.
