Hard Money

[Benjamin Barredo]

What are points in a hard money loan?

I read that if you can't afford to close, you shouldn't get a HML. What does that mean?

I know I sound like a newbie and it's because I am. I'm desperate to get a contract and call myself an investor so I'm exploring all of my options. I saw that a few comments in an article said HMLs are a good way for Newbies to break out but if you need the money to close than I guess you have to be a Newbie with some Savings.

What about for us Newbies that might only have $3,000 in our savings and checking account on an average basis right now and a wife that guards it Secret Service at the White House?