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Blog image: Hard Money Loans... what are they?

Hard Money Loans... what are they?

A hard money loan is a term that is used often, though most people are not 100% sure what the term really means. With so many different definitions floating around out there it’s hard to really know which one is correct. A hard money loan differs from a traditional bank loan: the borrower taking out the loan usually has very little collateral and is deemed to be too high risk for traditional lending institutions. The money is usually loaned from a private business or investor and is given based on the applicant’s current property value, taking into account the borrower&rsquo...

April 3rd, 2017 | hard money loans, hard money loans tucson, Hard Money Loans... what are they?