Thankfully, hard money lenders do not care about credit scores and people who cannot meet the criteria for a home mortgage may make use of them as short-term source of funds to buy a home until their credit rating have improved. Hard money loans might also be utilized in collaboration with conventional loans when the latter type is not able to offer sufficient funds for your investment. Obviously, borrowers must take into consideration the increased rates of interest utilized for non-standard loans, plus other charges, including possible pre-payment penalties. This may be justified by the greater risks that this kind of creditors are willing to take.