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Category: BUSINESS

Top Questions on Hard Money Loans

People do not know that hard money loans can be an easy way to finance an investment especially real estate. Although the loan application can be complicated and challenging from the average loans, hard money loans Los Angeles services can help a great deal. Many of those who want the hard money are not prepared to apply.

Do not be one of the unprepared potential borrowers, read the following questions on hard money loans:

  • What is the Process for Getting Hard Money Loans?

Hard money loans are a great way for investors to access cash to finance investment properties. You can get funding quickly in less than three days and all the necessary documents from Title Company. Hard money loan is commonly available for funding residential houses and real property such commercial projects.

  • What is the Interest Rate?

The interest rate is a variable factor. This is because it depends on the lender. However, the rate may range from 10 percent to 18 percent per annum. In most cases, the interest is paid monthly. Lenders tend to differ a lot as there are those who prefer payoffs and there are those who want installments.

  • What Loan-to-Value are Hard Money Lenders Seeking?

Usually, loans do not go above 70 percent of the ARV (after repaired value). The figure is typically arrived at by appraisers and repairs.

  • How Long is the Loan for?

Hard money loans Los Angeles offers allow between three months to twelve months, although this depends on the lender and the amount you want. Longer repayment periods are usually accompanied by increased costs and interest rates.

  • What Are the Costs?

Hard money loans require insurance, title policy, and appraisal. These services are accompanied by charges or rather commissions from a few hundred dollars to thousands of dollars. These loans also need origination points starting from 2 to 10.

  • Can I Get Money Pay for Repairs?

It is easy to get cash for repairs. However, you have to submit a DRAW REQUEST and fill out the form to the lenders. This form is used to identify finished repairs invoices and copies from contractors. Draws can be dispersed as soon as the work is fully inspected- work is never paid in advance.

  • Does the Credit Score Matter?

Credit may matter or not. Hard money loans Los Angeles has today check credits not crucial for credit scores, but to determine foreclosures, bankruptcies collections and charge offs. They usually test for the ability of the borrower to pay. Hard money loans are collateral-based.

  • Do I Need to Put my Cash Down?

Yes, you have to put some of your cash down. Most hard money lenders want to make sure that you have sufficient money to complete repairs and other costs associated with the loan. You should expect to pay all the points and related expenses before closing. If you cannot close, then you may not be able to receive this loan.

Therefore, if you need more help regarding hard money loans, do not hesitate to contact Evoque lending for more information. You can also check out the official website at http://evoquelending.com/borrow-money/

Office Machinery Services with Touch of Excellence

Photocopiers are very important to businesses Рthey cut cost in areas that expensive printing would have been the alternative. They also save time as you only have to use one copy to make other copies that you need. However, sometimes and as every machine does, they have problems. When a photocopier breaks down it could take a long time before it is brought back running. Whenever they start having paper jams, this is a clear sign that services for photocopier repairs Sydney has are needed.

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No one wants to go through the experience of having a photocopier breaking down in the middle of the work. Not to mention when a client is present. However whenever you find yourself in such a situation, the best thing to do is acquire photocopier repairs Sydney has so that you can be help back on your feet again. However it is even better to get services that will maintain your machine regularly to avoid unnecessary breakdowns.

Preventive maintenance which is the focus of such repair people helps you dodge unnecessary time loss, which in turn improves your productivity. However whenever a repair is needed, it will be done for you within the shortest time possible. To achieve this, the technicians come with parts that would be necessary for that repair so as to avoid the need wait as they fetch them. If there is a need to carry the machine to their place, you are given another one to use in the meantime without charges.

Sometimes you can run out of tonner at a time you least expected. Do not panic because there are services available that can help you get emergency tonners.

If your business is in the CBD and you need such services for your printers then you need to be aware that these services even cover printer repairs Sydney CBD offers. These services cover a number of leading manufacturers such as Xerox, Hewlett Packard, Toshiba, Canon, and Samsung among others. These are handled by the best technicians who keep up with the pace of the ever changing industry.

Sometimes the technicians can look at your printer or copier only to find out that repairing it will cost more than what you will use to purchase a new one. You will be advised against such so that you do not end caught up repairing in a situation that you could have acquired a new one.

The best part is that whenever you enter into a contract for Sydney printer repairs, everything in agreement is done according to what you need because the goal is for you to get satisfied. It is best for the life of your company for you to have such services. For you to do so, you can get in touch with Global Office Machines where excellence is the name of the game. Here you will be handled with dignity and integrity.

For the best printer and photocopier repairs Sydney has, visit the office in Parramatta, or make contacts through the website.…