Many people are confused about Texas hard money loans, but they shouldn’t have to be. Texas hard money is a loan where the investor receives their financing merely based on the value of the property they have instead of the traditional kind of bank loan that is dependent upon the kind of credit a person has. This can be a difficult loan to obtain for some kinds of people and that is why Texas hard money can be a truly wonderful thing.

You can use your Texas hard money loan to fix up the property. It is important to keep in mind that the longer you have the loan, the more interest you will pay. Rates vary based on the prime rate but you can expect to pay anywhere from six to eighteen percent, depending on a variety of factors. It is usually best to use Texas hard money loans as a short term loan options, not a long term financial solution.

While interest rates can be higher with Texas hard money versus other kinds of traditional bank loans, the rates are often worth the rewards. Approval times are fast, often in as little as two weeks. Also, your credit score is not a determining factor and neither are other aspects of your personal finances. Hard money lenders Texas base your financing on one thing, the merit of your investment property. 

It is important to remember that if you are having difficulty finding a traditional bank loan to finance your property, there are other ways. You can bypass the paper work and the hassle of a traditional loan and make good again with your Texas hard money loan. These Texas hard money loans will keep your foreclosure at bay or help you flip the house you have been thinking about for years. Don’t let your dreams escape you! Get to your hard money lenders Texas today and forget about the traditional lending conditions that have you nervous. You can have everything you always wanted with a Texas hard money loan. Call us today to find out what you can qualify for. Get the money you need and make your dreams come true!