Key Questions to Ask Your Hard Money Lender Before Funding Starts
Real estate investors often turn to hard money loans for speed and flexibility, but surprises can arise if the right questions are not asked early. Funding delays, unclear fees, or shifting terms can affect your timeline and profit. Before moving forward, taking time to understand how your lender operates can help you move ahead with confidence and avoid stress during closing. What Are the Real Costs of the Loan? Interest rates are only part of the picture. Ask for a clear breakdown of all costs involved, including origination fees, processing charges, extension fees, and penalties. When speaking with a Hard Money Lender in Orange County , transparency around pricing helps you calculate the true cost of borrowing and prevents last-minute budget issues that can slow down your project. How Fast Can the Loan Actually Fund? Speed is a major reason investors choose hard money financing, but timelines can vary. Ask how long underwriting takes, what documents are required, and whether delays ...