Hard Money

One common question we hear a lot at Hard Money Direct is--what exactly is hard money? Hard money is private financing. These loans do not come with the same stringent and often hard-to-meet guidelines that are generally attached to government loans. They also usually require less documentation and have faster approval timelines than conventional bank loans. For this reason, many borrowers who do not qualify for other loans can still be approved for a hard money loan.

Hard money home equity loans are often based on the value of a real estate property. The quick sale value of a property is collateral for a hard money loan. What exactly does this mean? If you own a property that is undergoing considerable renovations and apply for a hard money loan, the loan you qualify for will be based on the future value of your property, and Hard Money Direct can lend up to 65 percent of this future value. (This is also called the Loan to Value ratio.)

Hard money loans are not for everyone. But they do provide excellent opportunities for many borrowers who have trouble qualifying for more conventional bank loans. Individuals with hard to document incomes, poor credit scores, or histories of bankruptcy or foreclosure can often find the loans they are looking for through hard money lenders.

At Hard Money Direct, we make finding the financing you need easy and hassle-free. As a lender, we provide competitive rates for the loans you're looking for. In addition to our own loans, we work with a network of hundreds of nationwide hard money lenders. Our nationwide database broadens the access borrowers have to lenders, increasing their chances of finding the perfect loan for their needs.