What are Hard Money Loan Rates?

Often the first question asked whenever any type of loan is discussed or researched is, what are the rates? The rates, in this regard, are referring to the interest rates on the loan. It's an important question to ask because the interest rates on your loan will often be the biggest expense you incur when borrowing.

What is a Hard Money Loan?

It's easy to forget that not everyone is familiar with hard money loans and lenders. This seemingly mysterious industry and practice turns out to be new to a majority of the borrowers that use our site to find a lender. While we have discussed many details in previous articles, we thought it was a good idea to go back to basics and simply explain what a hard money loan is.