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More lenders hit the brakes on housing – Credit Union Australia will no longer lend money for apartments less than 40 square metres and for buildings with more than 50 units as non-bank lenders join the crackdown on borrowing conditions. CUA.
Hard Money: What Is It and How Do Hard Money Loans Work? – What is Hard money. hard money lenders (hmls) are typically private individuals or small groups that lend money (Hard money) based on the property you are buying, and not on your credit score. Usually these loans cost (percentage-wise) much more then an average mortgage, often times up to twice what a regular mortgage does, plus high origination fees.
Hard Money Loan Definition & Example | InvestingAnswers – A hard money loan provides money for short-term expenses similar to a bridge loan. A hard money lender provides the loan as long as the borrower is willing to pledge a piece of real property as collateral against any default. A common example of a hard money loan is a car title loan.
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