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The hard money loan calculator will generate a total dollar figure based on the points and other fees you indicated. Ongoing Interest Costs. The hard money calculator will compute the total interest you will pay based on the interest rate and holding period you indicated. Total Costs of the Hard Money Loan
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Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks. In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates.
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