Taking out a hard money mortgage can be difficult. Here are answers to some of the most common question potential borrowers ask.
Hard Money Mortgage Basics
What is a hard money mortgage?
How are hard money mortgages different from traditional loans?
What are the pros of hard money mortgages?
What are the cons of hard money mortgages?
The Hard Money Mortgage Process
How do I choose a hard money loan?
How do I take out a hard money mortgage?
How do I choose a hard money mortgage broker?
What is the difference between a hard money mortgage broker and a hard money wholesaler?
Where can I find hard money brokers, wholesalers, and lenders?
Who do I write my monthly hard money mortgage check to?
Does federal law allow me to rescind or cancel my hard money mortgage?
What laws do hard money lenders have to follow?
Qualifying for a Hard Money Mortgage
How do I qualify for a hard money mortgage?
How much of a down payment do I need for a hard money mortgage?
Can I take out a hard money mortgage without a down payment?
Can I take out a hard money mortgage with bad credit or no job?
Can I use a hard money mortgage in conjunction with seller financing?
Paying for a Hard Money Mortgage
How much higher are interest rates on hard money mortgages?
What are hard money mortgage prepayment penalties?
What are hard money mortgage points?
Why are hard money mortgages so expensive?
Paying Back a Hard Money Mortgage