Most hard money loans require monthly payments which are interest-only payments during the term of the loan and then a balloon payment at the end of the term. Here are some common payment structures: Interest-Only ...

Hard money lenders charge points or origination fees that range from 2% to 6% of the loan amount. While hard money loans have higher rates than traditional mortgages, securing a lower rate depends on other ...

Depending on your situation a Hard money lender can be worth using, but they come with pros and cons. They offer fast, asset-based loans with flexible terms, making them ideal for real estate investors, house ...

When presenting a deal to a hard money lender, borrowers should provide information on the property's value and their ability to execute the project successfully. This includes a clear game plan on what they plan ...

In North Carolina Interest rates for hard money loans typically range from 10% to 16%, though they can vary based on factors such as the lender, loan-to-value (LTV) ratio, borrower experience, and credit score. Upfront ...

Hard money lenders typically do not have minimum credit score requirements, as they prioritize the value and equity of the property over the borrower's credit history. While some hard money lenders do check credit, it ...

Hard money lenders require a down payment ranging from 10% to 30% of the property’s purchase price. The exact amount depends on factors like the lender’s risk tolerance, credit score, the loan-to-value (LTV) ratio and ...

When looking for a hard money lender in North Carolina, compare their reputation, location, and loan terms.  It makes sence to work with a local or regional company that knows your market.   Referrals from other ...

Getting a hard money loan in North Carolina is relatively easy compared to traditional financing since the approval process is based more on the property’s value or viability of the overall project rather than credit ...