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Updated almost 16 years ago,

Jim Doine's profile image
Jim Doine's profile image
Jim Doine
  • Real Estate Investor
  • from Myrtle creek , Oregon
  • Member since Jan 10, 2008
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343
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12
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Jim Doine's profile image
Jim Doine's profile image
Jim Doine
  • Real Estate Investor
  • from Myrtle creek , Oregon
  • Member since Jan 10, 2008
Connect
Jim Doine
  • Real Estate Investor
  • Myrtle creek , OR
12
Votes |
343
Posts
Private Lending & Conventional Mortgage Advice

Hard Money interest

Jim Doine
  • Real Estate Investor
  • Myrtle creek , OR
Posted

I am a bit confused about hard money interest rates.For example, if you borrow 100K at 15% and pay off in 6 Months is the annual rate 15% and you would pay 7,500 in interest or is the interest 15% for the six month period (15,000) which makes the annual rate 30%. Jim

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