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Hard Money Loans
Hard money loans are short-term, asset-based loans with higher rates, used by real estate investors for quick capital, focusing on property value over
For Borrowers
- What are the eligibility requirements to borrow a hard money loan?
- Who pays for the appraisal cost with a Hard Money Loan?
- How Does a Mortgage Discharge Work for Hard Money Loans
- Appraisal Requirements for Home Equity Loans
- How to Make Loan Payments for your Hard Money Loan
- Why do We Require an Insurance Binder and Payee Status?
- How We Select Appraisal Firms for Property Valuations
- Why We Request Details of Your First Mortgage?
- Typical Fees for Borrowing Hard Money Loans
For Lenders
- What happens if the borrower defaults and the loan is underwater? Can addy go after other assets?
- What due diligence is done on hard money loans? Why is credit score and income not shared?
- What is a Hard Money Loan?
- How does the investment work? How do multiple share classes work in Hard Money Loans?
- If the loan is backed by a mortgage who or what entity holds the mortgage for the large number of investors? How are defaults dealt with?
- What are some key differences between a hard money loan and the credit deal such as the one with Trez Capital?
- Is a hard money loan a fund?
- What factors can I evaluate lending on?
- Why is Form B (Mortgage) sufficient as a Loan Agreement in British Columbia?
- What is LTV (Loan-to-Value ratio)?
- How is the value of the property determined in a hard money loan?
- Can I see the borrowers details?