what is hard money financing

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What is a Hard Money Loan? – YouTube – What is a Hard Money Loan? Hear Lesa Say Sale Executive with Rain City Capital explain hard money loans, what they are and how would use them and why to Designated Broker Jason Clifford, of SJC.

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Soft Loan vs. Hard Loan | Pocketsense – In addition, both hard money lenders and soft money lenders have contingency plans for protecting themselves in case you fail to repay the sums you owe. Collateral is a common contingency plan for both soft and hard loans, requiring you to pledge personal assets to back up loan amounts in case of failure to repay.

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How to Use a Hard Money Loan to Buy Real Estate – Like any other loan, a hard money loan is a sum of money that is borrowed from a lender. The exact terms of the loan will vary based on the contract between borrower and lender. The borrower receives the money, while the lender receives monthly interest on the loan until it is paid back in full.

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The Complete Guide to Hard Money Loans – LendingTree – Hard money loans carry several perks that hold specific appeal to real estate investors: quick financing (sometimes within a week or less); short loan term lengths (often one year or less to accommodate quick turnaround times); and an easy hassle-free application process.

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