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2). Hard Money Mortgage Refinance & Equity Loans When Lenders Turn You Down Because of Bad Credit By : Maria Nyce
Hard money loans, also known as private money loans, are home equity driven mortgage loans funded by private investors and companies using their own money secured by a real estate trust deed, eliminating the common qualification and underwriting guidelines of prime (regular) and sub-prime (bad credit) lenders.
"There are private investors who, if the interest rate is high enough and the perceived risk is low enough, they will put the money up," says Pam Strickland, owner of Mortgage Consulting Services in Santa Barbara, Calif.
Article Related to: hard money mortgage refinance, equity loans, bad credit mortgage, seoncd mortgage, hard money loans, home equity loans, poor credit loans, hard money home equity loans
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