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What is a hard money loan?

What is a Hard Money Loan?

Hard Money Loans Defined A hard money loan can be referred to as the short-term borrowing of money from individuals against given collateral. A hard money loan is necessary when you do not have the time to go through the bureaucratic hurdles of acquiring traditional loans from financial institutions. This type of loan is mainly …

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Understanding Private Loan Terms

Private Money Loan Terms Explained Private money refers to loans that are accessed from other sources apart from banks. This type of lending option is used by business owners, real estate investors and folks with poor credit. Nowadays, lenders have tightened loan approval criteria, making it a hurdle for home loans, business financing, or getting …

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