Hard Money
Hard money loan / Bridge loan is a short term loan option that can be used as a cash offer for property acquisitions, covering the cost of sale price and rehab cost for Residential and Commercial Properties nationwide, as most distressed properties tend to have potential equity for investors to maximize profit based on the exit strategy on real estate investments.
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Benefits:
- Residential & Commercial
- Close within 7 days
- Low rates for experienced investors
- Minimal documentations
- Prior bankruptcies & foreclosures accepted with conditions
FAQ's
A hard money loan is almost like a cash loan, secured by a real property. These are usually great for borrowers who are looking for a short term financing. Such loans usually comes from private lenders and investors since traditional banks do not usually offer this type of loan.
Hard money loans are the least strict mortgage loans in terms of eligibility requirements. Approved hard money loans by most lenders typically require minimal documentation to be provided and low credit score, as some lenders may accept credit scores as low as 500
A hard money loan is a short term financing option in hard money loan is short-term real estate financing option in real estate transactions, mostly used to repair distressed properties as well as to build new construction homes. Considering the fact that hard money loans are typically high interest loans, good mortgage terms from mortgage lenders would not require borrowers to pay any additional fees for paying off their hard money loan earlier than anticipated, the technical mortgage term for this specific mortgage clause is called “no prepayment penalty”
Even though most hard money lenders are lenient when it comes to approving hard money loan deals, running credit is always a requirement for all types of loans for real estate financing. In rare cases, some hard money lenders may accept existing credit reports from borrowers to avoid running credit.
Hard money is a monetary loan used to purchase a real estate residential or commercial property, while soft money is a monetary loan not intended for a specific use. You often find hard money lenders more than soft money lenders.
Yes. you can always try out our smart mortgage calculator to figure out your loan payment calculations. This calculator automatically figures out the balloon payment for you, based on the loan amortization period.
Get approvED now
Benefits:
- Residential & Commercial
- Close within 7 days
- Low rates for experienced investors
- Minimal documentations
- Prior bankruptcies & foreclosures accepted with conditions
FAQ's
A hard money loan is almost like a cash loan, secured by a real property. These are usually great for borrowers who are looking for a short term financing. Such loans usually comes from private lenders and investors since traditional banks do not usually offer this type of loan.
Hard money loans are the least strict mortgage loans in terms of eligibility requirements. Approved hard money loans by most lenders typically require minimal documentation to be provided and low credit score, as some lenders may accept credit scores as low as 500
A hard money loan is a short term financing option in hard money loan is short-term real estate financing option in real estate transactions, mostly used to repair distressed properties as well as to build new construction homes. Considering the fact that hard money loans are typically high interest loans, good mortgage terms from mortgage lenders would not require borrowers to pay any additional fees for paying off their hard money loan earlier than anticipated, the technical mortgage term for this specific mortgage clause is called “no prepayment penalty”
Even though most hard money lenders are lenient when it comes to approving hard money loan deals, running credit is always a requirement for all types of loans for real estate financing. In rare cases, some hard money lenders may accept existing credit reports from borrowers to avoid running credit.
Hard money is a monetary loan used to purchase a real estate residential or commercial property, while soft money is a monetary loan not intended for a specific use. You often find hard money lenders more than soft money lenders.
Yes. you can always try out our smart mortgage calculator to figure out your loan payment calculations. This calculator automatically figures out the balloon payment for you, based on the loan amortization period.