Robert Nichols
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3 selected videos
Hard Money Loan Interest Rates In Boston
One of the most common questions asked by new investors is what is the interest rate for a hard money loan. Hard money loan interest rates in the Boston area typically run between 12%-15% depending on the lender. This seems high when you consider conventional rates are 3.5% - 4.5%, but hard money loans are paid short term so the sooner you repay them, the less interest you pay. For example, if you get a hard money loan with a 12% interest rate and it only takes you 3 months to complete and sell...
Related topics : hard money loan interest rate / hard money loan no credit check / hard money loan lenders / loans short term no credit check
Hard Money Vs Traditional Financing
When it comes to financing the purchase of real estate, many investors opt for hard money over traditional financing. The advantages of hard money include, quick closing, easy access to capital, minimal down payment based on the value of the asset and no credit check. The downside is high interest rates and it's only a short term loan. While traditional financing offers lower rates and better terms, it is much tougher to qualify for a loan, and the process can take a months instead of a few...
Related topics : hard money loan no credit check / hard money loan rates / loans short term no credit check / quick loan short term
All It Takes Is A 580 Credit Score To Buy A Home
Buying a home just got easier! You can buy with a minimum credit score of 580.
Related topics : buy homes
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