I was just wondering if you have to be 21 to get a loan from a hard money lender. From what i’ve heard these types of lenders are more worried about how much equity is in the property than any thing else. I am 19 by the way. I have some credit, a very good job, and enough money in the bank to handle payments for at least 6 months. Thanks.
Good Morning,
Yes you are of legal age for a loan, and yes the deal is very important to the loan process. The more equity the easier to get the loan. You have nothing to lose, just ask for the Money !
Darin