Finance
Hard money loans are characterized by:
ALow interest rates and long terms from conventional lenders
BShort terms, high interest rates, and lending based primarily on asset value rather than borrower creditworthiness✓ Correct
CGovernment insurance and guarantee
DNo collateral requirements
Explanation
Hard money loans are short-term, asset-based loans from private lenders. They have higher interest rates and fees but can close quickly with less borrower documentation, making them popular for fix-and-flip investors.
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