FAQs Archive

Do hard money loans require an appraisal?

admin2025-02-13T18:16:45+00:00New Jersey|

Most hard money lenders that use private capital don't require a standard appraisal. However, they may use a broker price ...

admin2025-02-13T18:15:01+00:00New Jersey|

One of the greatest things about a hard money loan is the speed at which you can get one. Approvals ...

admin2025-02-13T18:12:48+00:00New Jersey|

Hard money lenders use real estate as collateral. They will want to be a 1st lien position or 1st mortgage ...

admin2025-02-13T18:10:52+00:00New Jersey|

A good interest rate for a hard money loan in New Jersey typically falls between 10% and 16%, though rates ...

admin2025-02-13T18:10:01+00:00New Jersey|

Hard money lenders do require a down payment on a purchase, typically ranging from 10% to 30% of the property’s ...

admin2025-02-13T18:09:00+00:00New Jersey|

Depending on your situation a Hard money lender can be worth using, but they come with pros and cons. They ...

admin2025-02-13T18:07:06+00:00New Jersey|

Hard money lenders tyically don’t have minimum credit score requirements because they do not focus as heavly on a credit ...

admin2025-02-13T18:03:34+00:00New Jersey|

When looking for a hard money lender in New Jersey, compare their reputation, location, and loan terms. It makes sence ...

admin2025-02-12T22:27:42+00:00Pennsylvania|

Hard money loans are typically short-term loans, usually ranging from 6 months to 3 years. Some lenders may offer terms ...

admin2025-02-12T22:26:47+00:00Pennsylvania|

Most hard money loans require monthly payments which are just interest-only payment during the term of the loan and then ...