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Updated about 10 years ago on . Most recent reply
What Instruments Other than a Mortgage Can Secure a Hard Money Loan
Hey Guys,
I'm using a hard money lender that's requiring me to record a mortgage at closing. The mortgage tax on that isn't cheap. On the house i closed on yesterday it was over $800. Doing several of these per year I feel like I am wasting quite a bit of money. Is there any other way for my lender to secure his investment without having me sign and record a mortgage?
Thanks,
Danny
- Daniel Paloscio