Hard money mortgage lending in California – How private money lenders are changing the market

The California property market is famous for its upsides. It’s a lot less famous for its friendliness to borrowers. If you’re looking for a mortgage loan in California on the mainstream credit market, you can expect to spend quite a lot of time simply getting the loan up and running. Many credit experts think that the old-style borrowing is completely out of date in the modern market, and many consumers seem to agree.

Consumers, in fact, are voting with their dollars and taking out more private money loans in California, (aka hard money loans) rather than wading through the bureaucratic swamp of the credit market. Hard money loans are secured against property assets. Loans are payable within a period of time, and it’s a very simple borrowing process. It’s also a very quick borrowing process.

A good illustration of this type of lending is a company called California Private Lenders, one of the big hard money lenders in California. One of the reasons they’re a good illustration is that they provide a strictly formal best practice/everything spelled-out-upfront lending process.

Less obvious is another major asset – If you know the credit market, you will also know that talking to experts and assessing your loan options is a very good idea. These are exactly the sort of people you need to talk to when you’re taking out a mortgage loan. Their "strictly best practice" approach works for borrowers.

With this company you get unbiased, pro standard information and fast results. Instead of jumping expensively through endless loops and getting nowhere in the mainstream credit market for weeks or months, you get fast service for your loan application and good, useful information very quickly.

Their hard money lending process is also super-efficient. They can turn around a loan application within 48 hours. (Compare that to the market average; it’s no contest.) Loan rates typically vary in a bandwidth of roughly 2 – 3%, another incentive to investigate your hard money loan options.

For more information, and to see how the hard money lending process works in practice, visit their website here at http://www.cplenders.com/. Talk to them directly. We think you’ll like what you hear.

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