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How to Get a Hard Money Loan Approval – wikiHow – Hard money loans are generally lent to borrowers to finance real estate investment opportunities or other collateral backed loans; they are funded by private investors as opposed to banks. A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan.
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Borrowers with assets but poor credit are likely to find more affordable loans with a hard money lender. Hard money lenders are primarily concerned with the collateral used to secure the loan.
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