Beyond Credit Score: Why do Hard Money Lenders Prefer Property Value?
Hard cash lenders stand out in the lending industry, particularly in real estate, because of their incredible technique of assessing borrower eligibility. While traditional lenders depend upon your credit score history to determine your economic balance, hard money lenders frequently pick out an extraordinary metric: your private home value. This deviation from the same old credit score score-centric version necessitates a better examination of the underlying causes of this choice.