Hard money loan is an easy way to get loan

Whatever your needs are, with MoneyMe it’s easy to apply online for a small cash loan from $200 to $25,000. Easy direct debit repayments are set up at the time of application, so money comes out of your bank account on the day you receive your pay.

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When you’re looking to finance a real estate investment project there are a few ways to go about getting your funding: you can apply for conventional loans, hard money loans, and private loans.Each of these options has their own unique set of guidelines and regulations, and they’re all inherently different.

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Hard money loans are usually the fastest route to financing rehabs or property flips. Hard money loans are usually approved based on the property’s value rather than the buyer’s qualifications. However, hard money is typically more expensive than traditional financing.

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 · Most hard money-lenders are charging 10 to 16 percent and points for their money. Points are a percentage of the total loan and can add costs quickly when a hard money-lender is charging 2, 3 or even 4 points on a loan. Hard money loans are typically used for fix and flips because they usually have a one year term.

A hard money loan is a specific type of asset-based financing where a borrower receives funds secured by equity in real estate. A hard money lender like Source Capital is mainly focused on the equity in real estate as opposed to borrower credit and financials. Our hard money loans are used for projects lasting anywhere from one to three years.

Would you spend more money on art if you thought. The reality, though, is that art is hard to value and hard to authenticate and few mainstream banks want to lend against it. Some banks do offer.