Comparing hard money

[David Rodriguez]

When doing hard money loan, what should I look for to keep cost as low as possible besides interest rate, is there a list of estimated costs I can ask for or how can I compare between two or more hard money options?

[Andrew Garcia]

Hi @David Rodriguez, you can ask for any fees that they charge.

Some charge no origination points but $5k in admin fees.

Some charge 2% in origination points but no admin fees.

Points and fees should both be compared.

Hope this helps! Let me know if I can be of any assistance.