You might get a letter from a mortgage servicer saying a loan is late, or you may see a brand new account pop up on your credit report. Laborious cash loans require a lower loan-to-worth ratio - so you don't need the standard 20% down such as you do with conventional investor financing. If he close on a standard mortgage and pay them off in a few months, it was going to have a bearing on his credit score scores and some other comparable things.