800.883.8290Do hard money lenders require monthly payments?
Most hard money loans require monthly payments which are interest-only payments during the term of the loan and then a ...
What is the origination fee for a hard money loan?
Hard money lenders charge points or origination fees that range from 2% to 6% of the loan amount. While hard ...
Are hard money lenders worth it?
Depending on your situation a Hard money lender can be worth using, but they come with pros and cons. They ...
Do hard money lenders require an appraisal?
Most hard money lenders that use private capital don’t require a standard appraisal. However, they may use a broker price ...
How do you present a deal to a hard money lender?
When presenting a deal to a hard money lender, borrowers should provide information on the property's value and their ability ...
What is the average interest rate for a hard money loan in North Carolina?
In North Carolina Interest rates for hard money loans typically range from 10% to 16%, though they can vary based ...
What is the minimum credit score for a hard money loan?
Hard money lenders typically do not have minimum credit score requirements, as they prioritize the value and equity of the ...
How much down do you need for a hard money loan?
Hard money lenders require a down payment ranging from 10% to 30% of the property’s purchase price. The exact amount ...
How to find hard money lenders in North Carolina?
When looking for a hard money lender in North Carolina, compare their reputation, location, and loan terms. It makes sence ...
Is it hard to get approved for a hard money loan?
Getting a hard money loan in North Carolina is relatively easy compared to traditional financing since the approval process is ...
