Hard Money vs. Traditional Mortgage

[Brandon E]

Assuming you'll be financing a project for at least a year, are traditional mortgages getting more appealing?

In drawing this conclusion I am considering the fact that HML typically:
-Charge about 15% annual interest
-Charge an average of 6 points
-Now asking many borrowers to put 10% down

With all these costs to borrow hard money (and numerous others fees) aren't traditional mortgages (with their very low interest rates) becoming the better option? - Brandon