Information On Hard Money Loans

Hard money loans are non-conventional real estate loans where the lender can approve the loan based on real estate equity, side-stepping much of the verification that a federally-insured bank might require to lend the same amount of money.  They are collateralized by real estate. In 'hard money', higher interest rates and lower LTVs (loan-to-value ratios) are common because the lender is not backed by a government institution (unlike mortgages given by banks).

A hard money mortgage is a mortgage given in return for cash.  It is a loan given based on the property value regardless of the borrower's abillity or willingness to repay.