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Real Estate
Reply to "Need to downsize but can't get mortgage.....should I look into a hard money loan?"
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[quote=Anonymous]We were in the same boat and ended up paying cash for our new house. I'm sure it was not the best move financially but it is a relief not to have a mortgage. You can do a hard money loan but typically you end up just paying some crazy amount of interest (10%) and not paying down the principle. [/quote]
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