Navajo Gallery
Taos, New Mexico

MontegraHave you decided that a hard money loan is right for you? Maybe you need money fast, have negative items in your credit report that might keep you from getting a regular loan, or just prefer to work outside of the traditional ending system. No matter your reason or reasons for choosing a hard money loan, your next step is to find a hard money lender. There are many hard money lenders out there, so you may need some guidance when you’re trying to choose the right one for you.

Many hard money lenders are more open to negotiating terms than traditional lenders are. If you are looking for a particular repayment schedule, a certain interest rate, or some special features to your loan, you will want to search out hard money lenders who offer those features in those long, or who are open to negotiating with you. This can help you get the best possible deal on a loan, and it can also help you make sure you find a good lender for you.

Whatever you’re looking for hard money lenders, ask around. There’s a good chance that you know people, whether it’s in your neighborhood, your friends, or your family, who have taken out a hard money loan before. Find out who they worked with and whether or not they recommend that person or group of investors for you. If they do, you may have a lead on the perfect hard money lender for you. If they do not recommend their lender, you know who to avoid as you search.

Try to talk to different hard money lenders before you choose one. You may even want to find out how much each would be willing to lend you, the interest rate that they would offer you, and how many fees there would be on your loan. This can be a great way to find a good hard money loan and the perfect hard money lender for you.

Since most hard money lenders are individuals or groups of investors, you may have more contact directly with your lenders than you would if you were taking out a traditional loan. This means that it’s important that you like, or at least get along with, the people lending you money. If you find them difficult to work with, feel frustrated when you’re interacting with them, or have some other concerns, it may be time to consider different hard money lenders.

You may also want to choose a hard money lender based on location. If you are putting a piece of property up for collateral, hard money lenders in the near vicinity may have a better idea about the properties value than those who live far away. While it’s always possible to do research online, you may find that local hard money lenders will give you a better deal than those who live farther away.
At Montegra, we take pride in being hard money lenders who care. If you’re interested in a hard money loan, call us up today and we will answer all of your questions. Hopefully, you will have all of the money that you need soon!




For more information email navajo@rcgormangallery.com
505-758-3250 Phone • 505-758-7590 Fax
PO Box 1756 • Taos, New Mexico 87571