What is a hard money loan and how to get one?

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference...

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From: WorldWebMogul

Related topics : hard money loan interest rate / hard money loan rates / commercial property loan interest rates / commercial loan mortgage rates

Private Money and Hard Money Loans

Private Money and Hard Money Loans

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to...

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From: WorldWebMogul

Related topics : hard money loan interest rate / hard money loan rates / commercial property loan interest rates / commercial mortgage loan interest rates / commercial loan mortgage rates

Licensed Best Commercial Mortgage Broker in New York City

We are Licensed Commercial best Mortgage Brokers in New York City.Our team of professionals will help you in simplifying the process of

1) Pre-Qualification

This process helps to determine what you can afford.

2) Loan Application

There are now 3 steps that need to be accomplished by the borrower in order to proceed with the loan.

• Decide on a loan program.

• Sign all necessary loan documents

• Borrower must gather all their personal documentation to submit

3) ...

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From: Joel Strauss

Related topics : new york home equity loan / commercial mortgage loan interest rates

Space Coast Credit Union Watchdog Mortgage Loan

Space Coast Credit Union is currently the 3rd largest credit union in Florida, serving over 225,000 members with assets of over $3 billion. The company came to us to create a broadcast commercial to feature one of its many services, the Watchdog mortgage loan. Targeted for members looking to buy or refinance a home, this SCCU service provides the opportunity for participants to save on interests rates and more.

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From: Market Match Media

Related topics : credit union loan mortgage / current commercial loan mortgage rates