On this episode of Loan Officer Freedom, the number one podcast for Loan Officer, I’m talking to my friend and a new leader in the Freedom Club, Chris Jameson. Chris is an expert when it comes to hard money loans, we all think we know what a hard money loan is, but what are they really? There are many misconceptions out there when it comes to these loans and I’ll admit I believed some of the myths about them too. Have you heard any of the following?
- Hard money loans are only for people who have poor or bad credit.
- Borrowers who use hard money loans don’t have any money for a down payment.
- If a borrower uses a hard money loan, it’s because they don’t qualify for a conventional loan.
They’re all myths, and my buddy Chris is here to shed some light on what a hard money loan is and isn’t and the three reasons a borrower typically uses this loan for. Want to find out more? Listen in on today’s episode.
About Our Guest
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