Hard money loans.....

payday loan, home equity loan, mortgage loan, car loan, personal loan, student loan, home loan, Syndicated loan, Stafford loan, Refund Anticipation Loan, Loan sale, Loan guarantee, Federal Perkins Loan, auto loan, online loan, immediate loan, instant loans are available with lowest interest rate, immediate online sanction, No requirement of any guarantee or security, select your nearest bank and branch only at http://www.geteloansonline.com
Home Secured loans Unsecured loans Mortgage loans Student loans Debt links
Blanket loan Bridge loan Hard money loan Federal Perkins Loans Stafford Loans Payday loans Syndicated loans Refund anticipation loans Title loans Loan guarantee Loan shark
Home Secured loans Unsecured loans Blanket loan Bridge loan Hard money loan Federal Perkins Loans Stafford Loans Payday loans Syndicated loans Refund anticipation loans Title loans Loan guarantee Loan shark Mortgage loans Student loans Debt links	Custom Search Custom Search

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the maximum loan to value ratio is 65-70%. That is, if the property is worth $100,000, the lender would advance $65,000-70,000 against it. This low LTV provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property.