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Hard money lending regulations: Hard money lenders are subject to federal and state laws that bar them from lending to those who can’t repay the loan. By law, hard money lenders have to ...
The hard money lender approves a loan in the amount of $170,000 — well within the typical loan limit of 70% of after-repair value. The loan term is 12 months, and the lender charges a 15% fixed ...
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.
It will be time soon for fair food, rides, thrills, livestock shows, and live music as the State Fair of Louisiana approaches. State Fair of Louisiana 2024 is coming; what to expect Skip to main ...
The state of Louisiana itself actually had a direct impact on several early high school national crowns as the Louisiana Sports Association hosted a series of games at Tiger Stadium in Baton Rouge called the "National High School Championship" in 1938 and 1939, [222] the latter of which included an appearance by Louisiana's own Baton Rouge High ...
Low-doc loans carry a higher interest rate and were theoretically available only to borrowers with excellent credit and additional income that may be hard to document (e.g. self-employment income). As of July 2010, no-doc loans were reportedly still being offered, but more selectively and with high down payment requirements (e.g., 40%). [4]
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