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Hard money loans also have higher interest rates than long-term loans; their interest rates generally range between 12 and 20 percent. Hard money loans will also include fees and closing costs that must be covered by the borrower.
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The Truth about Hard Money Lenders? – The best way to find hard money lenders is to talk to a mortgage company and ask for referrals. You can also call a title company or a real estate agency. They deal with buyers and sellers of houses every day.
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