Hard money loans for real estate are funded by private investors, secured against the property itself and your credit history doesn’t decide approval. Instead of waiting weeks like with banks, cash arrives fast, tied directly to how much the home’s currently valued. They’re useful for flipping houses since conditions can adapt and you don’t have to stick to rigid repayment schedules or fixed interest rates. Here’s a perk of hard money loans: they bend when banks won’t. While traditional lenders follow rigid policies, private ones weigh what the property could become or whether you’ve got experience so spotty credit doesn’t always shut doors.
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