Think about hard money lenders as a narrow subset of mortgage companies that provide a unique type of financing to borrowers in very specific circumstances. a traditional bank could offer flexibility and leverage not available anywhere else. However, working with a direct hard money lender vs. Hard money loans are not for everyone and not everyone would qualify for them. Like everything else in life, hard money lending has its pros and cons. However, few new borrowers understand these differences. Direct hard money lenders work differently from traditional banks. Learn all about them to make a decision that is right for you.įor those new to hard money lending, using private funds for the first time might be intimidating. Like everything else in life, hard money financing has its pros and cons.
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