Paying off hard money loan early

[Ben M.]

If I get a hard money loan and I am able to pay it off by transferring it to a conventional loan with a bank in a month or two would the hard money lenders usually allow this and would there usually be a fee for early payment?

I guess I am wondering if I have to wait a specified length of time before I can transfer the hard money loan to a conventional loan with a bank.

[Wayne Brooks]

Many hml’s will have minimum time, you’d pay the additional interest but you need to talk to the individual lender.