Cremation is one of the three most common forms used for burial throughout history. Unlike inhumation (also known as burial), inflammation is the process of burning the deceased. In the scientific vocabulary, this is the mineralization of the human body to its basic constituents due to exposure to high temperatures. Would you believe it if we told you that the first evidence of cremation dates back to about 42,000 years BC in Australia?
If you’re like most people in today’s world, you have your eyes set on obtaining your very own home. And like most people, you need a loan but you keep on getting rejected. Luckily, rejection doesn’t have to mean it’s the end of the road. There are plenty of other options out there that can give you the loan you need. One of these options is called a hard money loan.
What is a hard money loan?
Like all loans, a hard money loan is when you are given money which you have to pay back. What makes this loan different from others is that lenders aren’t looking at your credit. Instead, they use equity as collateral. Lenders need to know that you will be able to pay them back. But in the chance that you can’t pay them back, they can use the collateral as a form of payment.
Benefits of getting a hard money loan
Well, the main benefit is that it is much easier to get this type of loan versus a standard loan. Not only is it easier, but it’s faster too. Regular loans can take weeks for you to get approved whereas with this loan, you can get it much quicker. With California Hard money Direct, the entire process can be done in 5-10 days.
Another benefit is having more flexibility. You can change how long you have to pay back what you owe. The average time people have to repay everything is about 1-5 years. Since the length is shorter than standard loans, you will have a higher interest rate. Again, there is a lot of flexibility so don’t be afraid to talk to your lender about changing some stuff.
Who provides these loans?
The most common people who offer this service are house flippers and investors. If you live in California, one of the best hard money loan lenders is California Hard money Direct. You can be approved in minutes and have the money you need today instead of a few weeks. They also give you the option to track your loans online which can help you stay on top of your loan and reduce the risk of you missing a payment.
Borrow what you need
It doesn’t matter what type of loan you are getting. You need to only borrow what you need. A loan is not free money and you will have to pay it back so be responsible.