hard money lending rates

LendingHome is a modern mortgage lender. We offer short-term hard money loans, and easy access to a portfolio of high-return real estate investments.

Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned. The interest rates and points may vary greatly depending on the loan to value ratio.

Learn more about the pros and cons of hard money lending.. pay off your hard money loan early before its high-interest rates accumulate.

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BREAKING DOWN ‘Hard Money Loan’. Hard money loans carry interest rates even higher than traditional subprime loans. Since traditional lenders such as banks do not make hard money loans, hard loan lenders are sometimes private individuals that see value in this type of potentially risky venture.

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Hard money rates can be as high as 12%-18% as compared to current mortgage rates which are in the 4% range. Points and Loan Origination Fees. Hard money lenders usually charge fairly hefty points compared to traditional mortgages, typically in the range of 1-7 points. Points are a form of prepaid interest; each point represents 1% of the loan amount.

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Avoid the hassles and fees tied to borrowing hard money. Enter your zip code above now to find private lenders near you! Best of all, this web site allows you to search interest rates and find the lending terms that best fit your funding needs.

If you are an investor in Houston TX looking for a hard money lender to. including rates ranging between 9.99% and 13.99%, loans with a maximum LTV.

Hard money loans are helpful in many situations despite their higher fees and rates, and they are deemed worthy investments by many lenders despite the higher risk. In general, they are only for short-term financing projects and for preventing a looming foreclosure.

Hard money lenders would consider lending to these people if they can be assured that, if the loan goes into default, they can sell the house, pay off the first mortgage and still earn a profit.