hard money

Direct Hard Money Lenders: Want to know what Hard Money is?

Posted by on Apr 27, 2008 in hard money

What is hard money? Hard money is typically money that’s more expensive then conventional loans from a bank. The reason it’s more expensive is that in theory the money is lent, not on the borrowers credit score or credit capacity, but instead on the property itself. That means a hard money lender may only lend 60% of the market value of the house. That means the property owner quits making the payments, then the hard money lender forecloses on the...

Read More »