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06 Mar 2017
Legal Moneylender Jurong West
Hard money lenders are simply another type of mortgage broker--or could they be? Well, it depends. Following are several ways in which hard money lenders are in fact very different from regular mortgage brokers--and what that may mean legitimate estate investors.

Legal Moneylender Jurong West
Private lenders vs. institutions

Regular mortgage brokers make use of a quantity of institutions for example big banks and mortgage companies to arrange mortgages, making their cash on points and certain loan fees. The financial institution itself tacks on more settlement costs and fees, so when the closing has ended, the borrower has paid anywhere from a few thousand to many thousand dollars in fees, points and other...