Hard Money Mortgage Loans - part 1
by Ben Afzal
A hard money loan is a loan provided by a private person or entity, not a traditional lender.
People usually go to this form of financing because they can't get a loan from a regular lender.
Hard money can have several advantages:
speed in making a loan decision able to lend in unusual circumstances These loans usually come at a higher interest rate, usually much higher.
These loans can often be temporary loans until someone can switch over to a different loan.
These types of loans can be used for:
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Hard Money Mortgage Loans
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