- Hard Money Loans Are a Valuable Tool for Investors. Here Are Advantages and Disadvantages of Using a Hard Money Lender To Get Your Deals Quickly Funded and Closed.br br What is it?br Historically, hard money loans were purely equity-based, meaning loan approval rested on the details of the deal and the property. However, due to losses suffered, the industry moved toward requiring decent credit scores and down payments to reduce their risk.br br Why use it?br - easier to qualifybr - shorter term loansbr - quick closebr - buy junkersbr - higher loan amountsbr - interim financingbr br Termsbr br - pointsbr - ratesbr - paymentsbr - lengthbr - LTVbr - repair drawsbr br Qualifyingbr br - significant equitybr - credit scorebr - cash on handbr - down paymentbr - minimum loan amtbr - paperworkbr br How to find?br br - Real Estate Clubsbr - Title Companiesbr br Please take the time to leave your comments for this video below. Take care and good investing.