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Updated over 3 years ago on . Most recent reply
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How does a hard money loan work ?
How does a hard money loan work?
Most Popular Reply
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@Cerise Goldberg
Howdy.
The same as every other loan except the loan is asset based instead of your credit being used. Appraisal required.
Loans close very quickly because of this.
Rates are higher, points are involved as with conventional loan, term is usually 12 months or less.
Much success.
Bob
- Bob Reinhard
- [email protected]
- 914-861-5501