what is hard money loan - hard money for commodity

A hard money loan can be simply explained as a specific non-traditional way of loan financing that needs to be backed by an asset or a property. The term “hard money loan” is used exclusively in the United States and Canada where these loans are increasingly popular among borrowers who are unable to obtain loans from any of the traditional sources such as banks or other financial institutions.More...

Credit ratings or FICO scores are highly essential so as to get approved and obtain credit from any bank or a financial organization. Credit ratings and FICO scores indicate the credit history of the individual and also determine his/her credit worthiness.More...

Foreclosure can be a terrible incident in a person’s life. Foreclosure is the process in which a lender sells or repossesses the property that has been pledged by the borrower, in case the borrower fails to repay a loan. One way of avoiding or stopping a home foreclosure is to file for a Chapter 13 bankruptcy.More...

According to banking norms, a bad credit customer can be described as one who is not suitable to provide credit to. This is because banks consider these customers as individuals who either default with their payments or those who are not capable of repaying the credit.More...

Hard money loans are often considered to be a great resource for real estate investors who require fast and instant capital in order to buy a real estate property. Hard money loan can also be used to renovate a property and turn it around for a quick sale.More...

Obtaining fast cash from a hard money lender by using the equity on the property can be considered as a better alternative in order to overcome financial hurdles. A hard money loan is primarily another form of secured credit that is provided by private individuals and small local companies to desperate and needy customers who are unable to obtain money from any of the traditional sources.More...