When you’re a real estate investor looking for the financing you need to jump on a great deal, the truth is that there aren’t many lenders capable of fitting into your timeframe. If you’re like many REIs, you’ll turn to a hard money lender. But how do you find a hard money lender who has agreeable terms and can get you the financing you need… when you need it? How to Find a Good Hard Money Mortgage Lender Before you take out a hard money loan, it’s a good idea to become familiar with the terminology involved – that

There are a number of reasons an investor may choose to use a hard money loan instead of a conventional mortgage – and one of them is credit. Is a Hard Money Mortgage the Same as a Bad Credit Mortgage? It wouldn’t be fair to say that a hard money mortgage is the same as a bad credit mortgage. In fact, it’s like comparing apples to oranges. Hard money loans are typically short-term financing. Most hard money loans last for 12 months or less, and some people use them to bridge the gap between selling one property and purchasing another,

A hard money loan may be exactly what you need if you’re a real estate investor (or if you want to become one), so it’s important that you understand what it is and how it can help you. What is Hard Money? Hard money is a type of loan that relies on an asset as collateral. In real estate investing, that’s typically the house you’re borrowing against. These types of loans are backed by the value of the house, not necessarily by the borrower’s credit history or other factors. For that reason, though, these loans can still be risky. In