Comments on: How Does a Hard Money Loan Work? http://www.imf-sti.org/how-does-a-hard-money-loan-work Sun, 20 Jun 2010 17:42:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: xxshina007xx http://www.imf-sti.org/how-does-a-hard-money-loan-work/comment-page-1#comment-19 xxshina007xx Sat, 10 Jan 2009 10:11:35 +0000 http://imf-sti.org/how-does-a-hard-money-loan-work#comment-19 A "hard money" loan is just another term for a sub-prime loan, available from what we used to call a "lender of last resort", who will charge an exorbitant interest rate for a loan no one else will make. It functions just like a normal loan, with regular monthly payments. You must pay off the balance when the property is sold. You might be better off charging the purchase as a cash advance on several credit cards, it amounts to about the same thing. A "hard money" loan is just another term for a sub-prime loan, available from what we used to call a "lender of last resort", who will charge an exorbitant interest rate for a loan no one else will make.

It functions just like a normal loan, with regular monthly payments. You must pay off the balance when the property is sold.

You might be better off charging the purchase as a cash advance on several credit cards, it amounts to about the same thing.

]]> By: WPMixer http://www.imf-sti.org/how-does-a-hard-money-loan-work/comment-page-1#comment-18 WPMixer Sat, 10 Jan 2009 06:00:02 +0000 http://imf-sti.org/how-does-a-hard-money-loan-work#comment-18 Hi! Amazing video! I got your message last June 15 and i didnt read it before, I was browsing my mail, then I saw your message that I just read today! So i discovered this video! Amazing! :D 5 stars!! Hi! Amazing video! I got your message last June 15 and i didnt read it before, I was browsing my mail, then I saw your message that I just read today! So i discovered this video! Amazing! :D 5 stars!!

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