946 - FICO Scores And Hard Money Loans: Why They Go Hand In Hand by Deanna Lubin

When growing a real estate investing business, having a good FICO Score is a key factor in obtaining capital and achieving the highest return on investment. Hard money or private money lenders use this score to determine if they should give a loan to the borrower and what interest rate they should set. In most cases, hard money lenders look at your FICO Score before pre-qualifying your application and approving your loan. So, let’s take a look at FICO Scores, how it’s determined, and some steps you can take to improve your score over time. Learn more about your ad choices. Visit megaphone.fm/adchoices