Finance
A 'hard money' loan used by a NH real estate investor typically features:
ALow interest rates and 30-year terms
BHigher interest rates, short terms, and asset-based underwriting focused on the property✓ Correct
CGovernment backing through FHA
DNo down payment requirement
Explanation
Hard money loans are asset-based private loans with higher interest rates (8-15%+) and short terms (1-3 years). They are used for quick closings, fix-and-flip properties, or when conventional financing is unavailable.
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