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Qualifying for a loan can sometimes be hard: Depending upon your income. You’re stuck borrowing a fixed amount: When you take out a personal loan, you get a fixed amount of money that you receive.
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A hard money loan is a short-term loan primarily used for real estate transactions and contrary to a popular myth it’s not because it’s "hard" to get. traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan.
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