HARD MONEY LOAN

1) Present the potential value of the property you want to purchase.

2) Present a clear financial plan for your home project.

3) Prepare additional documentation.

4) Protect yourself legally.

5) Remain in constant contact with your lender.

Because Hard Money Loans are funded by private investors, as opposed to traditional banks, they are often referred to as 'private money loans'. Even though Hard Money Loans are faster and easier to get than conventional loans., borrowers still need to go through the underwriting process and qualify for specific terms.