difference between hard money and private money
Asked: 2019-01-26 23:20:50
What’s the difference between a private money loan and a hard money loan.
Answered: 2019-01-27 23:04:28
The difference between a private money loan and a hard money loan is that a private money loan has very flexible conditions and a reasonable interest rate, while a hard money loan requires you to have real estate to put as collateral.
Answered: 2019-01-28 03:18:55
A private money loan is a loan that is offered by a private lender, while a hard money loan is provided by a company that offers loans outside of a bank.
Answered: 2019-01-28 09:46:39
When applying for a loan, it’s important to know that a hard money loan is a loan that requires a huge down payment, whereas a private money loan requires only collateral.
Answered: 2019-01-27 14:48:18