Are Private Money Lenders in Houston Cheaper Than the Banks?

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PRIVATE MONEY in Houston Cheaper Than the Banks?
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RIGHT FINANCING

• Whether you are a seasoned investor or a
  first-time buyer, finding the right financing for
  your real estate deal in Texas can be
  challenging. You may have heard of private money
  lenders in Houston as an option to get quick and
  easy funding, but are they cheaper than the
  banks? The answer is not so simple, as there are
  many factors to consider when comparing these two
  types of lenders. In this article, we will
  explore the advantages and disadvantages of
  private money lenders and banks in Houston,
  focusing on their interest rates, fees,
  regulations, loan criteria, and loan terms.

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Terms
FLEXIBLE THAN THE BANKS Being less formal and more flexible than the banks, private money lenders have the advantage of both convenience and lighting fast loaning.
HIGHER INTEREST RATES Private money lenders tend to charge higher interest rates and fees than banks, which can make them more expensive in the long run.
PRIVATE MONEY LENDERS Being less regulated than the banks, private money lenders do carry more risk for the borrower, like protection by consumer laws or having recourse in case of disputes.
VALUE AND POTENTIAL Rather than looking at your credit score, private money lenders in Houston prefer more to look at the value and potential of the property. This is ideal for investors with less than excellent credit scores.
REPAYMENT SCHEDULES Private money lenders may have shorter loan terms and repayment schedules than banks, which can affect the cash flow and profitability of the borrower.
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DONT HESITATE TO VISIT

• If you have low credit score and feel as if the
  banks are low-balling you, then dont hesitate to
  visit Investor Lending. As one of Houstons top
  financial institute, Investor Lending offers
  swift loan payouts and access to its amazing
  team of finance analysts.

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THANK YOU

• Do you have any questions?
• 713-337-2000
• https//investorlending.com/

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