Category: Hard money lenders los angeles ca

Here are 3 Uses for a Hard Money Loan

    Finance Tips

There are many types of loans available, everything from student loans to business loans, and then there is something known as hard money loans. These loans can be used for a number of financial reasons, but hard money loans stand out due to how they are acquired. Unlike most loans, which are given by the bank, hard money loans tend to come from private money lenders (also known as hard money lenders), who can be anyone from a family friend to a private lender who specializes in these types of loans. Hard money loans can be used for a number of purposes and this article will take a look at a few of them.

  • Privately Funded Mortgage: One use for a hard money loan is that it can be used to help with a privately funded mortgage. As the name implies, a privately funded mortgage is set up between two individuals, and not, as is common, between an individual and the bank. Mortgage paymen Continue reading Here are 3 Uses for a Hard Money Loan →

Here are Three Things to Know About a Private Money Loan

    Finance Tips

There are a number of loans available out in the real world. Some are student loans, some are business loans, and then there are private money loans. Private money loans are also known as hard money loans and are generally used for very specific purposes. This article will look at several things you should know about private money loans.

  • Private Money Loans Can Come From Multiple Sources: The first thing you should know about these private loans is that they can come from multiple sources. According to FitSmallBusiness, these loans can come from three main sources: friends and family; colleagues and professional and personal acquaintances; hard money lenders who deal specifically in these types of loans. These are all sources that can provide this kind of loan if you’re in need of one, though man Continue reading Here are Three Things to Know About a Private Money Loan →