A hard money mortgage is a home loan funded by a private investor. Instead of relying on borrower qualifications such as credit score and employment verification, hard money lenders require the borrower to make a large down payment at closing.

This comprehensive guide can help you understand the essentials of taking out a hard money loan.

Hard Money 101

Hard Money Basics – Learn the basics of hard money mortgages, how to qualify, and where to find a lender.

Answers to Common Hard Money Mortgage Questions – Hard money lending can be confusing. Find the answers to common questions such as “how high are the rates?” and “what if I default?”

The Hard Money Mortgage Process

How to Take Out a Hard Money Mortgage – This article will walk you step-by-step through the hard money lending process. Start with evaluating your options and end at the closing table.

How to Choose a Hard Money Mortgage Broker – Not every broker has the experience and connections to make specialized loans. Here’s what you need to look for in your lending professional.

How to Compare Hard Money Mortgages – Interest rates, points, and prepayment penalties…oh my! Learn how to compare hard money mortgages.

How to Get Out of a Hard Money Mortgage – Hard money loans are usually meant as a temporary solution. Here are some ways to sell your property or refinance at a more reasonable rate.

More Hard Money Help

Hard Money Mortgage Benefits – Hard money lending allows borrowers to avoid credit checks, job verification, and other requirements. Learn about these and other benefits.

Hard Money Mortgage Drawbacks – In addition to high interest rates, hard money loans have some serious downsides. Make sure to consider these drawbacks before signing your application.

Federal Hard Money Loan Laws – The federal government has several laws protecting hard money borrowers. Know your rights.