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What is a hard cash loan
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Points on a hard money loan are traditionally 1 to 3 more than a traditional loan, which would amount to 3 to 6 points on the average hard loan.
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Term of loan: hard money loans are typically of a shorter term than conventional loans, although you can find terms of up to 10 years depending on the lender.
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Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The Biweekly loan calculator comparison
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