Hard money, how many points and what interest rate is good??

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Paul Choi · Answer

Currently have a flip loan with a HML for 3 points and 9.9%.  pretty good compared to what others are charging.

John Thedford · Answer

I have paid as little as 6.25% and as much as 18%. Shop around for your best deal. Experience as well as how much skin you put in will determine your quotes.

Sam Marcos · Answer

What about loan to value?  70%?  80%?  90%?

Nghi Le · Answer

Really depends on your experience.  If you're brand new, I'm seeing 12%, 3 pts.

If you're experienced, 8-10% interest, around 2 pts.

Daniel Helland · Answer

Depends on the lender, really. There's hard money for as little as 3.5% up to the low teens and beyond. Same with points; it varies a ton by lender. 2-4 points with high single to low double digits is fairly common.

Hard money, how many points and what interest rate is good??

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