Finance
A hard money loan from a private lender for an Indiana investment property typically features:
ALower interest rates and longer terms than conventional loans
BHigher interest rates, shorter terms, and is often based primarily on property value rather than borrower creditworthiness✓ Correct
CNo interest charges
DGovernment guaranty through FHA or VA
Explanation
Hard money loans are short-term, asset-based loans from private lenders. They typically carry higher interest rates and fees than conventional loans and are based on the property's value (after-repair value for fix-and-flip projects) rather than the borrower's credit profile.
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