Finance
A Wisconsin 'hard money loan' is typically characterized by:
AGovernment backing and low interest rates
BShort term, high interest rates, asset-based lending with less emphasis on borrower creditworthiness✓ Correct
COnly available to first-time buyers
DConventional underwriting standards
Explanation
Hard money loans are short-term, high-interest loans primarily secured by the property's value rather than the borrower's creditworthiness, often used by real estate investors.
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