Q. Are there any upfront fees?
A. We do not charge any upfront fees however the borrower is
responsible for for third party fees such as appraisals, environmental
report or feasibility studies.
Q. Do you offer a recourse loan or a non recourse loan?
A. We have options for both recourse and non recourse loans.
Q. Does the loan have a prepayment penalty?
A. 90% of the loans do not, some do for a 12 month period.
Q. What interest rates are available?
A. Interest rates can vary depending on the location
of the property. Property in a large population area tend to have better
rates. With most hard money lenders rates can range from 8% to 18%.
Our rates start at 8.99% and depending on location can go to 12%.
Q. When are the loans due in full?
A. Anywhere from 12 months to 30 years.
Q. Do you offer cash out loans?
A. Yes, as long as it falls within the “loan to value” guidelines.
Q. How long does it take to complete a hard money loan?
A. We can close in two weeks if the documentation is in order.
Q. Why should we use Easier Hard Money?
A. We simply work harder for your business. We are able to get loans closed that the other guys can’t.