Hard money loans are a type of mortgage that borrowers take out for commercial or residential real estate properties. These loans are not intended for first-time home buyers and are often required to have substantial cash reserves. Although the amount of cash needed for a down payment is normally between thirty percent and forty percent, some hard...

Hard money loans differ from traditional forms of financing in several ways. While not formally defined, they rely on a familiar process, including credit checks and proving your ability to repay. Because hard money loans are made by private individuals, you need to make sure you're qualified for a loan before applying. To do this, you need to...

Hard money loans can be a great option for those in need of fast, nontraditional financing. However, there are some cons associated with these loans. You should understand the costs involved and the pros and cons of hard money loans before applying. If you are serious about investing in real estate, a hard money loan can help you meet...