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Updated almost 17 years ago,

V Simmons's profile image
V Simmons's profile image
V Simmons
  • Real Estate Investor
  • from Lawrenceville, GA
  • Member since Jan 9, 2008
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12
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1
Votes
V Simmons's profile image
V Simmons's profile image
V Simmons
  • Real Estate Investor
  • from Lawrenceville, GA
  • Member since Jan 9, 2008
Connect
V Simmons
  • Real Estate Investor
  • Lawrenceville, GA
1
Votes |
12
Posts
General Real Estate Investing

Hard Money Loans?

V Simmons
  • Real Estate Investor
  • Lawrenceville, GA
Posted

I would like to know if my understanding of hard money loans is correct. Based upon the definition of a hard money loans from wikipedia, it is a loan that is secured by the real estate and not the person borrowing the money. Does this mean that if the loan is defaulted on, it will not affect your individual credit rating?

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