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Borrowers who believe they will be in a home for only a short period of time would be good prospects for a/an:
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Borrowers who believe they will be in a home for only a short period of time would be good prospects for a/an:

User Josef Joe Samanek
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1 Answer

13 votes

Answer:

Hard money loan

Step-by-step explanation:

Options "A) no interest loan, B) adjustable-rate loan, C) Convertible loan, D) Hard money Loan"

Hard money loan is a way to raise money quickly, usually taken out for a short time but at a higher cost and lower LTV ratio. The terms of hard money loans are often negotiated between the lender and the borrower. This type of loans use the property of the borrower as collateral and does not rely on the creditworthiness of the borrower.

User Pcarter
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