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whom prefer the speed and simplicity of the loan process. There are numerous reasons why a borrower would seek a hard money loan. More often that not, it is due to not being able to qualify at a bank because of strict underwriting guidelines.
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Monthly payments, balloon payments, and payoffs are all made and accounted for through Evergreen Note Servicing, a 3rd party loan servicing agent. All monthly payments to include an estimated $26 to $38.00 Arizona hard money lenders loan servicing fee and impounds of 1/12 taxes and insurance.
In the world of finances and real estate loans, hard money lending is a lot like speed dating — they are designed to be temporary, and the interest rate on an California hard money loan gives you an incentive to move on as quickly as humanly possible. First, interest rates are generally higher on a hard money loan.
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