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Do Hard money loans turned downdid your deal get turned down for funding with DHM? Do Hard Money loans money for many kinds of real estate investments and through a varierty of loan programs, so sometimes confusion may result.
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Speed: because the lender is mostly focused on collateral (and less concerned with your financial position), hard money loans can be closed more quickly than traditional loans. Lenders would rather not take possession of your property, but they don’t need to spend as much time going through a loan application with a fine toothed comb – verifying your income, reviewing bank statements, and so on.
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