Easy Money How Does a Hard Money Loan Work For Borrowers Like You?

Hard money loans newport beach

In the world of finance, “easy money” is a concept that’s met with a great deal of concern and skepticism. In fact, many financial gambles and gimmicks that promise fast, easy money turn out to be a long term expense. Do hard money loans fall into that category?

How does a hard money loan work in the first place?

A hard money loan refers to a way of borrowing money without using traditional banks or mortgage lenders. It’s an asset-based loan that borrowers secure by offering up the value of property as collateral to individuals and private lenders. Although hard money loans can be used for just about anything, they’re especially popular in real estate.

How does a hard money loan work when time is of the essence?

When a borrower needs funds Continue reading