Q & A Saturday – What is a Hard Money Loan?

 

Welcome to our Q & A Saturday video.

In these Q & A Videos we will answer your questions about real estate.  Any real estate related topic from questions about selling your house, buying a house, real estate investor questions, landlording questions, local market questions and many others things are all fair game. 

Today’s question is “What is a Hard Money Loan?

What is a Hard Money Loan? - Real Estate Questions

In this video Shaun gives a quick overview of the definition and characteristics of a Hard Money Loan:

 

Some of the main points covered in this video are:

1)      Defining what a Hard Money Loan is

2)      Differences between a Hard Money Loan and a Residential Mortgage

3)      The costs and terms of a Hard Money Loan

4)      When to use a Hard Money Loan

5)      The Dodd-Frank Act and some of reasons Hard Money Lenders make you have a business

 

I hope this gives you an idea of what a Hard Money Loan is and how one of these loans work.  If you have questions I did not answer in the video put them in the comments and I will elaborate on those points.  If you are an investor in the MA or NH area we can help connect you with local Hard Money Lenders that work in our area.

 

Hope you enjoyed the video and leave any other questions you have about the topic below or any other topics you would like to see covered in future videos.  I encourage anyone that has things they would like to talk about to let me know what they are.  You can always fill out a contact us form here and put Q & A in the subject, just leave a comment with your questions below here, send an email to info@masshomesale.com, or post it on our Facebook page or Twitter account.

 

 

 

(Image Credit: Hand Holding Dollars courtesy of jannoon028 via freedigitalphotos.net)

 

 

 

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