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Hard Money Lenders 101
When deciding to purchase a car, house, or any other necessity, it would be a good idea to get a loan. There is a fee on the loan which is called an interest rate. Hard money lending concerns providing short-term loans which are based on the property's worth known as the collateral. Hard money loans are also called channel loans or bridge loans and are often for short terms which can extend from a couple of weeks to three years.
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