Quote:
Originally Posted by redwitch
I know they exist around here since I've actually seen handmade signs on Rolling Acres for hard money loans. Also, forget the name but there is a guy who occasionally advertises on television to purchase or give a loan. I used to be a mortgage broker. Was never a fan of these folks. There was no way most could pay back the loans and was a cheap way to get the property. (Bridge loans are an entirely different kettle of fish and frequently used by builders.)
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Redwitch... Who would want such a loan? Why don't they just get a loan with low percentage rates???