Hard Money Mortgage

Definition Of Hard Money

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Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia. hard money. (Government, Politics & Diplomacy) politics (in the US) money given directly to a candidate in an election to assist his or her campaign.

A hard money loans is a loan of "last resort" or a short-term bridge loan. hard money loans are backed by the value of the property, not by the credit worthiness of the borrower. Since the property itself is used as the only protection against default by the borrower, hard money loans have lower loan-to-value (LTV) ratios than traditional loans.

Residential Hard Money Loan Visio Lending is a national hard money lender with a dedicated customer support system like the other best hard money lenders on our list. In terms of reputability, they have funded thousands of loans and they have purchased, sold, or financed over $275 million in residential real estate.

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A hard money loan is a loan of "last resort" or a short-term bridge loan. Primarily used in real estate transactions, its terms are based mainly on the value of the property being used as collateral,

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What is a hard money lender? The real estate term may conjure up visions of crooked-nosed guys who’ll cut off a borrower’s pinkie finger for flaking on a hard money loan.

Hard money has its place for certain borrowers who cannot get traditional funding when they need it. Speed: because the lender is mostly focused on collateral (and less concerned with your financial position), hard money loans can be closed more quickly than traditional loans.

Hard Money Lenders Arkansas Review all the information given to you, don\’t be afraid to ask questions yourself and start working with a hard money lender now. Top Lenders in Arkansas NwaLending.com 2829 hyland park Rd, Fayetteville, AR 72701 NwaLending.com is a leading mortgage lender in the Northwest Arkansas area, and we pride ourselves for our friendly customer service.

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