Sacramento is home to many hard money lenders. A hard money loan is a loan that is funded by a private lender, as opposed to a bank. These loans are typically used for real estate transactions, as the interest rates are much higher than those offered by traditional banks. However, because of the high interest rates, these loans are also considered to be high risk.
Before you decide to take out a hard money loan, make sure that you research all of your options. There are many lenders in Sacramento who offer these types of loans, so it's important to compare interest rates and terms before you sign anything. Be sure to ask questions and get all of the information you need in order to make an informed decision.
If you're thinking about buying a property in Sacramento, a hard money loan may be the right option for you.
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