Hard money loans are an alternative way for you to get a quick loan to purchase property. They are used mainly by real estate investors who prefer to buy and flip homes. Hard money loans don’t require the scrutiny of conventional home loans in that your personal credit score and income are not the basis for qualification (although they are a consideration). Instead, it’s about the potential value of the property. While there is a lot of information about hard money loans, it can be confusing to sort out what’s fact or fiction. Here’s the biggest myths about hard and private money loans debunked.