Pay back the loan. Most hard money loans are designed to be paid back quickly, usually within 12 months. If you do not pay back the loan in time, then the lender might be liable to take your home as collateral. To avoid this, make sure you can easily afford the repayment schedule you stipulate in your loan agreement.
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Interest rates on Hard Equity/Hard Money loans are higher than for conventional loans. Loan amounts for Hard Equity/Hard Money loans typically are calculated on a maximum of 65% of the current market value of the property or of the purchase price.
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Suncoast Mortgage has been South Florida’s devoted hard money lender for over 20 years! Suncoast Mortgage’s reliable hard money loan programs make the process of investment funding fast and convenient and enables clients nationwide with income-producing properties to receive funding in a short period of time with our simplified loan process.
Hard Money Lenders or Private Investors in Orlando FL? Asked by Kate, Orlando, FL Thu Jun 7, 2012. Are there Hard money lenders in Orlando florida area that loan 70-80% LTV That do the loan based on the deal of the property.
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