What is skin in the game?

For purchase transactions, it means that the borrower is coming into the transaction with money to put down.  Many phone calls we get are in regards to borrowers with no money to put down on a home they want to purchase. This just won't fly and let us explain to you why it just won't work.  Without the borrower coming in with some cold hard cash, it just doesn't matter how good of a deal they got on the purchase price because at any time they can walk with no financial hurt.  There is an old saying that a man with no commitment will usually cheat.  In hard money it's become our mantra.  For us to lend to a borrower, they have to come in with some money down.  You usually like to see a 35% down deposit, but depending on how "good of a deal" you may have found we may be able to go as low as only 10% down.  No matter what though, we want to see you or your partner(s) somewhat financially tied to the transaction.

Continue on to our online hard money application.