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difference between hard money and private money

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  5. difference between hard money and private money

Asked: 2019-01-26 23:20:50

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14

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.

13

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.

7

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.

3

Answered: 2019-01-27 14:48:18

A hard money loan is a loan that is offered to individuals with poor credit and private money loans are offered to individuals discreetly who have decent credit.

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