what is a hard money mortgage

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A hard money loan is a collateral-oriented loan secured against real estate. Hard money lenders typically focus less on the borrower than conventional mortgage lenders, and more on the property and the quality of the deal itself. Instead of lending 90% to 95% of the value of the property like.

Hard money lenders can have varying criteria, depending on the risks for a deal. Here at DoHardMoney we not only want to extend the hard money loan you need to help you flip your investment, but also teach you how to value your deals like a pro, so that your risks are lessened.

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How To Use A Hard Money Loan For Fix And Flip A residential hard money loan is a good alternative to traditional bank financing. This alternative financing is beneficial to the borrower in many circumstances. Below are just a few of the reasons when a residential hard money loan might be appropriate.

Hard money lenders would consider lending to these people if they can be assured that, if the loan goes into default, they can sell the house, pay off the first mortgage and still earn a profit.

A hard money loan is a type of quick financing secured by a property. Understanding how this loan differs from others will help you determine if it’s a good option for your needs. There are many different types of loans that can help homeowners with their financial needs. One of the less commonly used loan types is a hard money loan.

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Hard Money Definition. Yet because hard money is found at private investors who can establish their own internal guidelines, sometimes the hard money definition can change slightly from one investor to the next yet most lenders issue these loans under the same basic guidelines. The following is a brief hard money definition: