Hard Money

June 15, 2022
hard money

5 Hard Money Loan Facts Every Borrower Needs To Know

If you are a real estate investor seeking a quick financial solution, here is a hard money loan.  However, there are things you need to know before getting it.  1. It’s a short-term loan A hard money loan may sound scary, but it’s not. It’s just a short-term loan that’s secured by real estate. Similarly, a hard money lender isn’t some scary guy you can only meet in the shadows. Not at all. A hard money lender is essentially just a private investor. A hard money lender could be an individual, a group of investors, or even a mortgage broker who uses his funds. What it isn’t is a bank using money from its depositors. Before going forward on a money loan like this, be aware that it’s a loan only meant for a short period. 2. It’s less hassle This is one of the main reasons borrowers opt for […]
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