Utilizing Hard Money Lenders for
Real Estate Investing
Exploring real estate financing can feel overwhelming, especially for investors. Fortunately, hard money lenders offer an alternative providing credit for your property or project.
What Is A Hard Money Loan?
A hard money loan is a short-term loan from a private lender. It is non-conforming, meaning it does not meet the mortgage guidelines Fannie Mae and Freddie Mac set forth.
How Do Hard Money Loans Work?
In contrast to conventional loan approval, hard money lender approval relies more on property value than the borrower's repayment capacity.
Where To Find A Hard Money Lender
For a brief private loan, investors can connect with realtors, title agents, closing attorneys, and fellow investors for potential sources.
Why Real Estate Investors Use Hard Money Loans
There are a handful of reasons, including needing the cash quickly to purchase a property.
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