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Updated over 6 years ago on . Most recent reply

User Stats

66
Posts
9
Votes
Juan Rosado
  • Real Estate Investor
  • Dallas Fort Worth, TX
9
Votes |
66
Posts

Hardmoney lender vs. Loan Officer/Originator

Juan Rosado
  • Real Estate Investor
  • Dallas Fort Worth, TX
Posted

I was talking with my agent about hard money lending and he told me he does not know any hard money lenders, but he knows several loan officers/originators. Could someone please explain whats the difference between the two terms and which one should I apply (hard money lending, or loan officer) to get an FHA loan?

Most Popular Reply

User Stats

87
Posts
53
Votes
Aaron Beauchamp
  • Lender
  • Houston, TX
53
Votes |
87
Posts
Aaron Beauchamp
  • Lender
  • Houston, TX
Replied

@Juan Rosado Hard money is a short term high interest rate loan that allows borrowers to leverage their money. These are normally used for rehabs and investment properties. A traditional mortgage is for a primary residents that is more of a low interest long term loan. 

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