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.
The loan-to-value (LTV) ratio is essentially used as a measure of the risk by financial institutions and other lenders when considering a loan. Loans with higher LTV ratios are higher risk and, in most cases, result in a loan that costs more for the borrower.
A hard money lender gives you money and in return, they charge you some fees. These fees are known as hard money loan points. Basically, they are the lender’s upfront costs or cash flow.