Can some please explain the difference between a hard money lender and a regular mortgage lender like a bank? Also can some direct me to some HML in the metro Atlanta area? Thanks!
HML are lenders that does not have to conform to all the paperwork and red tape that banks are governed by. Sometimes they are lenders that lend their private money. They will have higher interest rates and most times has a lower LTV. Many lend on the equity of the property only.
HML are lenders that does not have to conform to all the paperwork and red tape that banks are governed by. Sometimes they are lenders that lend their private money. They will have higher interest rates and most times has a lower LTV. Many lend on the equity of the property only.