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August 22, 2006
Hard Money Home Equity Loans: Understanding Bad Credit Loan
Hard money equity loans in the prevailing market are loans at a premium mortgage rate to the borrower in exchange for a "no red tape" 2nd mortgage loan. The money may be used by the lendee for whatever purpose they chose so long as the equity in the property or collateral provided is sufficient to cover the loan. The term hard money loan initially meant a loan for hard cash. Today the term has been enhanced to cover loans for non-conventional loans such as investments, private funded loans, home equity loans and equity line of credit loans. Now it is possible to refinance your primary mortgage to get cash and purchase investment properties instead of a taking out a purchase loan as a non-owner occupied investment
From Hard Money Home Equity Loans: Understanding Bad Credit Loan
Posted by Mel at August 22, 2006 03:44 PM
