Interest rates are much higher with a hard money loan than with traditional financing, but investors are more than willing to pay the higher interest rates and ponits associated with acquiring hard money commercial or residential loans in exchange for not being declined due to credit, job, or income issues. Their payments inevitably rose even higher due to the hard money rates, but the hard money loan also allowed the home owner to cash out up to 65-70% of the value of their home! Subprime is a whole other article but let us just agree that subprime was not only for bad credit buyers and therefore now that hard money is takign that market space neither is hard money. As mortgage brokers further infultrate the commercial market we are sure to see an explosion of hard money commercial loans becoming available to more commercial investors whos only access to commercial money in the past may have been their local bank. read more