• Molina Bramsen posted an update 6 months ago

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    CRAWFORT of the borrower is important in this regard. With a good credit record, it is possible to find loans with interest rates up to 10% but with a poor credit record, the amount can be as high as up to 14 or 24%. Still, this should not stop someone from going ahead with the surgery – and timely repayment would also enhance the credit record and the interest on the loan.

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    financial management advice

    When you apply for hard money loan, your credit score is not considered. People with low credit score can also qualify for this type of loan. Such loans are secured by property; the quick sale value of the property to be precise. It means, if the borrower defaults and the property is sold to pay off the debt, then the hard money lender will be the first person to receive their share. Hard money loan can be compared with bridge loan. Reverse mortgage is also secured by property, but in reverse mortgage the borrower has to be of a certain age.

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