Augusta
VIP Contributor
A hard money loan is about a loan that is secured by real property.These are loans that are offered in real estate transactions. these Hard money loans are seen as the last resort for property buyers. The lenders are not banks but individuals or companies.
A way to raise money quickly to buy a property can be via hard money loan. This is because hard money loans rely on collateral rather than the financial position of the applicant
With hard money loans the terms can be negotiated between the two people involved, the lender and the borrower
When there's a default by the borrower then the collateral will be forfeited by the lender
A way to raise money quickly to buy a property can be via hard money loan. This is because hard money loans rely on collateral rather than the financial position of the applicant
With hard money loans the terms can be negotiated between the two people involved, the lender and the borrower
When there's a default by the borrower then the collateral will be forfeited by the lender
