About Owner-Occupied Hard Money Loans

About Owner-Occupied Hard Money Loans

Hard money loans are a special type of financing that allows a borrower to purchase property when a traditional mortgage isn’t appropriate or available. In many cases, hard money loans are secured by properties intended for business or investment purposes. However, owner-occupied hard money loans are also available for some borrowers. What Does “Owner-Occupied” Mean? An owner-occupied loan is a loan secured by a property that serves as the borrower’s primary residence. It differs from other types of mortgages, which are secured by investment or business properties. To qualify as…

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