Getting loans these days is not an easy task. Banks and other traditional lenders make lots of demands and have a lot of requirements. And if you lack even one of these requirements, most times your loan application won’t be approved. That’s where hard money lenders like Hard Money Bankers come in.
Hard Money Bankers is a self-funded private hard money lending company in Washington, D.C. The company has branches all over the country in Virginia, Pennsylvania, Delaware. They also have offices in Columbia, Maryland and Philadelphia. The terms and structures of their loans are extremely flexible and they do not have stringent guidelines for loan applications.
These are some of the reasons why we believe Hard Money Bankers is the best hard money lender in Washington, D.C.
- They communicate effectively.
If there’s one quality you should look out for when dealing with a hard money lender, it’s effective communication and Hard Money Bankers excel in this area. They respond quickly to loan requests which is crucial for a borrower because borrowers need to know on time if their loans will be approved or not.
Also, their loan approvals are typically granted within 24 hours. Asides that, on their website, they have a chat room for you to ask quick questions anywhere you are without actually going to visit them in person.
- They are trustworthy.
Hard Money Bankers offer their clients competitive terms that will be beneficial to both parties. They are straightforward about their terms and conditions so that there won’t be any problems later on.
After all, the loan is short term, not the relationship and it’s important to make sure both parties are on the same page.
- They are direct lenders.
There are two types of hard money lenders; direct lenders and brokers. While both types are eligible to give hard money loans, it’s best to go with direct lenders like Hard Money Bankers.
This is what enables them to make faster decisions and close deals quickly because the capital is in-house. It’s also why they charge less fees.
- They are adaptable.
The joy of working with hard money lenders is that no matter your situation, there will always be a plan for you and Hard Money Bankers is not an exception. They adapt their loans to fit each borrower’s or investor’s needs.
Whether you want to buy more than one house or roll closing costs into the loan, whatever the situation is, Hard Money Bankers will come through for you.
- They are experienced.
Thanks to years of experience under the company’s belt, they have less likelihood of preparing incorrect documents or making mistakes in the approval and funding process.
If you would like to know more about investing in real estate and how to go about it, go to Hard Money Bankers’ website and chat with any of their customer care representatives to get your copy sent to your email.
You Might Also Like: How to Choose the Best Mortgage for You