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Updated 9 months ago,

Choon Yee Dee's profile image
Choon Yee Dee's profile image
Choon Yee Dee
Pro Member
  • Member since Jul 28, 2023
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23
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14
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Choon Yee Dee's profile image
Choon Yee Dee's profile image
Choon Yee Dee
Pro Member
  • Member since Jul 28, 2023
Connect
Choon Yee Dee
Pro Member
14
Votes |
23
Posts
Mortgage Brokers & Lenders

Hard Money Loan for Fix and Flip

Choon Yee Dee
Pro Member
Posted

Hello everyone!

I have a quick clarification question regarding hard money loans for fix and flips. If for example, for a 12 months hard money loan, if I fix and flip a home in 6 months, am I only paying for 6 months of interest? Or am I paying for 12 months of interest?

This is given that there is no prepayment penalty.


Thanks in advance!

  • Choon Yee Dee
    • Oakland, California
    1 Vote
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