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Difference between revisions of "Expert Private Hard Money Consultancy"

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Revision as of 21:34, 12 June 2021



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Helping Entrepreneurs

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Here a great example: you are out a $200,000 payday advance. If you were not doing a no cost loan you would be offered a loan at a persons vision rate of say step 5.125% with 1 problem. (a point is 1% on the loan amount) and you'd be pay the closing fees of $3,000 and the actual to equal $2000 Device be an overall of $5000 cost for. Now the absolutely no cost loan would get offers for to you at the rate of 5.875%. The same loan exactly except the Lender who still needs $5000 to close the loan will understand from the investor (where the lenders get their money) can be offering a 2.375% discount on that rate which might $4,750, so the lender will pocket an little extra for their trouble. Sometimes they even put in the little additional medications the deal work. That means you can see there will be no free lunch.

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