
10. FAQ
Hard money loans are based on the value of the property being used as collateral for the loan, and not on the credit scores of the borrower. Banks do not issue hard money loans which is a preserve of private individuals or companies, that see value in this type of potentially risky dealing. The higher costs of such a loan is often offset by the fact that the borrower tends to pay off the loan relatively quickly, usually within a period of one to three years. Hard money lending is a business model that can be practiced as an income generating alternative investment.
Below are some of the frequently asked questions;
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