Augusta
VIP Contributor
Hard money loans can be gotten by anybody for financing a property. This is just a way to borrow money without needing to use the usual traditional lenders. The good thing is that hard money lenders finance your loan interest just on the property you are buying and not on any credit score. So whether your score is high or low you don't have to bother yourself
But you need to note thaf you are expected to deposit a large down payment which isn't necessarily required by traditional lenders
And secondly there's always short repayment schedule, so if you can't deal with short repayment plan then you should avoid them.
But you need to note thaf you are expected to deposit a large down payment which isn't necessarily required by traditional lenders
And secondly there's always short repayment schedule, so if you can't deal with short repayment plan then you should avoid them.