Author Archives: David Miller

Land lenders, who provide loans for undeveloped land, usually impose higher interest rates and ask for larger down payments. Land mortgage lenders may be reluctant to provide loans for raw land because it is easier for borrowers to default and walk away if the if the collateral is a vacant plot of land. Loans for […]

Hard money lenders provide short-term loans against real estate, which don’t conform to the traditional banking lending standards. Hard money loans have high interest rates because they don’t conform to the traditional credit guidelines that protect lenders from the risk of default. People apply for hard loans because they are not able to meet the […]