Hard Money - Early Termination - How It Works
When a lender puts money to work by lending it to a client, they are looking to have the money deployed for a period of time. Each company is different in how they stress this. Some companies issue a penalty if you close a loan before a certain period of time and some just require that it remains open for a minimum length. Check with your lender on their policies so you are aware and can plan accordingly.
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