1) QUESTION: “My wife and I live in our own home that is paid for. We have a medical emergency we must attend to. The bank told us we don’t have enough income to qualify. Why won’t you make us a loan?
Answer: As a private hard money lender I am forbidden by your government to make you , as a consumer, living in your own home, a loan because the loans are made at a higher than normal interest rate and the terms of the loan contains a “balloon payment” and many other reasons most of them nonsense. That’s your government at work trying to protect you from yourself. I know it seems hard to believe but that’s the way it is. I’d love to help you, afterall making private hard money loans is my business!