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Hard Money Loans

Hard Money Loans

This is a discussion on Hard Money Loans within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Hard money loans are loan arrangements that involve backing the amount of the loan with real estate that is owned ...

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02-21-2011, 01:44 AM

Eugine

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Hard Money Loans

Hard money loans are loan arrangements that involve backing the amount of the loan with real estate that is owned by the borrower. With a hard money loan, the lender does not take into consideration the current creditworthy status of the borrower. As long as the property that is used to secure the loan is enough to cover the balance and any rates of interest involved in the transaction, the lender is assured of being able to recoup any losses incurred by the default.

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