Hard Money Lender
What exactly is a Hard Money Lender- Rehabhardmoney.com is a site for people looking for a hard money loan, and also for visitors that would like to become hard money lenders. “Hard money†is money that is loaned out using assets such as real estate as collateral. Often times these loans are made when someone needs a loan quickly, (i.e. they have a business deal that must occur quickly so that it is not forfieted). In other situations, someone with bad credit may use property to get a loan if they are otherwise unable to get a loan. Hard money loans are typically made with high interest rates(17-29%), and they are also always assessed points in addition to the interest rate. So a Hard Money Lender is a lender that specializes in hard money loans.
Rehabhardmoney.com is a site that has information for both lenders and borrowers of hard money. Those seeking hard money loans can fill out a form to prequalify. Loans typically can take up to a week(first loan) or as short as two days so that the borrowers can purchase their potential fixer-upper investment property. After submitting information to prequalify for a hard money loan, the applicant will receive two free reports “7 Secrets to using Hard Money to Your Advantage†and “5 Mistakes almost every Investor makes when Borrowing Hard Money“.
Those seeking information to become a hard money lender, may also fill out a form to see if they qualify as a lender.
Overall, the site is simple in design, user friendly and displays well in numerous browsers. If a visitor is seeking a hard money lender, I would strongly recommend Rehabhardmoney.com as a financial resource.
The listing for Rehabhardmoney in the pixelheadonline directory is located at http://pixelheadonline.com/Real_Estate/ along with other Real Estate related sites.
Written by adonkus on September 15th, 2006
Written by Pixelhead on September 15th, 2006 with 10
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