Finance
Wyoming real estate investors who purchase properties with hard money loans should expect:
ALower interest rates than conventional loans
BHigher interest rates and shorter terms than conventional loans, based on asset value✓ Correct
CGovernment guarantees on the loan
DNo prepayment penalties
Explanation
Hard money loans from private lenders are based primarily on the value of the collateral property rather than borrower creditworthiness. They feature higher interest rates, shorter terms (often 6–24 months), and higher fees than conventional loans, but can close quickly.
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