what is a hardmoney loan ? and how do they work ?

Answer 1

When you cannot qualify for a loan through the more traditional means, like a bank or mortgage lender, then you have to go with a person who will float you a loan, for 30 years, plus interest. They will give you the money to buy your house and you have to pay them back. You will sometimes get a decent person who will offer you a great interest rate but usually you can expect to pay up to and sometimes more than 30%. They should be used only as a last resort. You should also check the laws in your state to see if it is legal to accept hard money loans in that jurisdiction.

Answer 2

Hello there, I am Mr chris peter.A legit loan lender.Are you into debts? Do you have a bad credit?Are you financialy down.I give out loans at low interest rate of 3 to 5%.I give out Business loan,Auto and personal loan to Men and women who are into Business transaction and who need it for personal reason.I give out long term loan for two to twelve years maximum with your interest in this you can as well tell me the amount you need so that I send to you the terms and condition that is if you are realing interested in getting a loan from me, Loan is given out in Pounds and $US and SGD the maximum I give is 5,000,000 both in pounds and $US and the minimum 1,000 pounds and US$ and SGD so if really you are interested mail for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we take a loan and pay back after duration with the interest, if you are honest I will trust you because I like to do business with Honest people if you are one you will get the loan with out problem.Mind you loans is given to every part of the world only if i see you to be honest and will pay back after duration. If you are interested you have to send the amount you need as loan so that i can give you the terms and condition on the loan for your information loan are given to every part of the world on honest people so if you are honest apply for the loan now at [e-mail] this application below

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Answer 3

Sometimes they are closer to 12% interest. You have to have some equity whether you earned it or receive it via gift or simply get a great deal on a house. For example, if the house is worth $100,000 and you owe or are buying it for $70,000 but everyone else turns you down, perhaps a hardmoney lender could help you. To be considered for one, fill out the free evaluation form at

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