Wendy J
Hard money loans are an option for many people. But what are they? Why does this type of loan seem to complicated? Find out the pros and cons of hard money loans and decide if they are right for you.
Source: https://www.civicfs.com/hard-money-faqs
Hard money is a way to borrow without using traditional mortgage lenders. Loans come from individuals or investors who lend money based (for the most part) on the property you’re using as collateral.
When you need funding to put towards your next fix-and-flip or rental investment property, hard money loans are a convenient and fast way to access that capital. A hard money loan is a short-term loan secured by property rather than just your credit score and credit history. In this case, the property is your real estate investment.
Everyone loves a good episode of HGTV, but the art of house flipping is hard to master. Navigating the financing aspect of getting a home — which isn’t usually shown on screen — can be a real challenge.
How do hard money loans work and what are the benefits behind them?
Hard money loans are a way of borrowing funds short-term. They’re especially popular with real estate investors, but they could be a good tool for borrowers with assets in their portfolio but poorer credit. Here’s what you need to know.
