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| *Loan,banking and credit>>>mortgage loan |
What is a "hard money lender or loan"? vs a regular mortgage lender? |
What is a "hard money lender or loan"? vs a regular mortgage lender? a hard money lender is for people that have poor credit and can not get a good loan from a regular lender.......they charge you a very high interest rate, maybe 12% compared to a regular mortgage rate of maybe 7% if you have good credit and not to much debt you should qualify for a regular loan, if you live in PA and you want to buy something in this state send me an email and I can help you. people without good credit may be offered hard loans whereas people with great credit will recieve the "soft loan" :-) |
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