Related keywords:
Hard Money Loans
are mortgages from
private investors to purchase or refinance real estate. Hard money
loans are funded faster and are much easier to qualify for than
traditional financing. Hard money lenders look for equity in the
collateral property. Equity is the accumulated value of a property
less all mortgages placed upon it. In addition, hard money lenders
also like a solid prospect for loan repayment. This may necessitate
a high credit score, income, and valuable assets, but it may only
require a solid strategy for quick profit from the deal. Hard money
lenders are frequently small companies composed of only a few
lenders who lend their personal cash. As such, your hard money loan
needn’t pass through several boardrooms to reach a result, and the
time saved will mean more or better real estate investments for you.
