How do I find the right Arizona hard money lender?

Finding an Arizona hard money lender can seem like a daunting task. In fact, you may be so deep in financial hardship, it’s taking all of your strength just to keep your head above water. When you don’t have anywhere to turn, Arizona hard money lenders are there for you. After you find the right hard money lender for you, they can loan you the money you need in as little as 24 hours and set you on the path to financial freedom. There are a few ways to find the right Arizona hard money lender and it is on you to make sure you find the right one for your needs.

First, you need to determine the kind of hard money you are seeking. Are you a commercial developer in need of hard money? Or are you an individual interested in a residential hard money loan? Deciding which category you belong to is the first step to consider before looking further.

Then, crunch the numbers and configure how much money you need. Remember that Arizona hard money lenders will loan you up to 80% LTV (loan to value), but this amount could also be as low as 65%. Keep your number somewhere between that range and then start doing your research. You probably already have your purchase in mind, so do the math. How much can you afford? How much do you need to borrow? What can you do to minimize costs?

Researching an Arizona hard money lender

What better way to start than with everyone’s favorite research tool? You don’t even have to get off the couch--start with the internet. Use a search engine such as Google or Bing and type in the words you are looking to find. For example, if you wanted to find a lender in your area, you may type “Arizona hard money lenders.” Undoubtedly, several hundred (if not thousand) websites are going to pop up. This can also be daunting. Click on some of the sites and compare and contrast what you see. Make a few lists of the things that seem legitimate to you and also keep a list of lenders that seem a little sketchy. It isn’t too much to ask to have your hard money lender at least have a legitimate looking website if they are going to be dealing with your finances.

One of the most important things to remember is that if it seems too good to be true, IT IS! Don’t do anything you feel uncomfortable with, even if it seems like a good deal. Trust that gut feeling of yours, even if it means the lender you decide on has slightly higher interest rates. Don’t let your vulnerable situation lead you down a path that you feel to be wrong.

When you find a decent looking lender, look up some customer reviews. You can learn about a lender by simply reading what other people’s experiences have been like with them.

The different types of Arizona Hard Money available in your area.

There are lots of ways to make Arizona hard money work for you. The most common situation is a person seeking a loan to purchase a home who cannot get approved for a loan by a traditional lending agency like a bank. While most people think of Arizona hard money loans as those high-interest, last-resort, type of money options, they can actually be used creatively and efficiently so that the lender and the borrower both end up profiting in the end. Believe it or not, it can be done!

Arizona hard money lenders as a help to the economy

Not a soul in America would be surprised to hear about the troubled economy. In fact, our nation’s financial burdens are so abundant that almost nothing surprises us--we have become desensitized to this kind of material. We all know the government is in trouble, we know our neighbor is in trouble, our distant relatives maybe--but what happens when YOU are the one in a financial hardship?

Between home repairs, medical bills, children and family needs, grocery bills, cell phone, tv, internet, and unexpected costs, there never seems to be enough money to go around. An unexpected job loss or pay cut can devastate a family that is just barely getting by. If this situation sounds anything like yours, it might be time to consider finding an Arizona hard money lender.

How Arizona hard money lenders solve these problems

Unfortunately, banks don’t take a personal interest in their clients. If you can’t pay, you don’t get a loan. It’s as simple as that. Your ability to pay is based on your credit, income, employment history, and the like--not on your integrity or how hard you are working. All this denial by bank has created a ripe market for Arizona hard money lenders.

How on earth would people who are in the business of debt stimulate the economy? Crazy, right? Here’s how: Arizona hard money lenders stimulate the economy by lending to individuals when other lending institutions and banks won’t. Obviously, the lending process alone does not directly stimulate the economy. It must go one step further than that. When borrowers receive hard money, they normally spend the funds on the goods and services required for fixing up their new home purchase. These goods and services are often bought in their hometown and provide business for  small companies. This creates commerce for all parties and manufacturers involved in the process, whether directly or indirectly. Make sense?

If you have the funds to become an Arizona hard money lender, contact a hard money institution today. Then, you can loan your money to borrowers who need it and sit back and watch your money grow...you don’t even have to move a finger! If you are on the other end of the table and are looking to be approved by an Arizona hard money lender, look no further. With no proof of income required, no application fees or closing costs, and little wait time, you could be approved for a hard money loan in no time. Basically, hard money loans are a win-win situation for all involved.

Why do Arizona hard money interest rates seem to be higher than bank rates?

Why the high interest rates on Arizona hard money loans?

You may have heard the term “hard money” floating around in recent years and considered the possibility of purchasing a home this way. However, the little bit higher interest rates that come along with Arizona hard money tends to scare borrowers away. Make sure you know the basics of Arizona hard money before writing it off completely--you never know how you could make it work for you!

The first thing to understand is that Arizona hard money loans are equity-based. That means your eligibility for a loan does not come from your credit, ability to pay, or employment status. In fact, the loan is solely based on property value. What does this mean for you and your lender? Quite simply, it means that you have not been able to get approved for a traditional bank loan. It also means than a hard money lender is taking a significant risk by allowing you to borrow his or her personal money for a time, honestly not knowing if they will get it back. Hard money loans take a significantly higher risk than banks because the loans are based so little on you and so much on the property value.

Another thing to remember is that Arizona hard money loans are typically shorter than bank loans. Usually, these loans last anywhere from 6-36 months, but can fluctuate depending on the situation.

Another reason borrowers experience a bit higher interest rates is because they are not required to pay any application fees, recording process fees, documentation fees, or closing costs. All of those expenses add up quickly and they have to be accounted for somehow.

The main reason Arizona hard money loans charge a bit higher interest rates because of the significant risk taken on behalf of the lender. These lenders go where banks refuse to go, and they lend to those individuals who would never be loaned to otherwise. They don’t look at a borrower’s ability to pay--they simply trust that that borrower will do what they say they will.

What about LTV in terms of Arizona hard money?

Simply put, the LTV stands for the Loan to Value ratio of an Arizona hard money loan. Sometimes, borrowers can receive up to 80% of the money pertaining to the property value. Most of the time, this number is anywhere between 65% and 80%.  This is determined on a case by case basis and is a decision made between you and your borrower.

Making your dreams a reality through Arizona hard money

You know when you’ve found it. It is the perfect size, shape, and color. It meets all the needs of your family, it is comfortable, inviting, and needs to be YOURS. When you find the home of your dreams, the last thing on your mind is playing the waiting game with your lender. And, sometimes when you do choose to play the game, you don’t get approved for the loan and the home has been bought out from underneath you. Believe it or not, there is a solution to this situation so many Americans find themselves in.

This is where Arizona hard money comes in. Arizona hard money loans are loans that are equity-based and processed and approved in as little as 24 hours. For the most part, hard money loans are funding for foreclosed homes and short sales, but can also be used for fix-and-flip projects or property/land purchases. Since the item you wish to purchase ultimately becomes the collateral for your lender, it is at their discretion as to whether or not they will approve your loan.

Most LTVs (Loan to Value Ratio) are anywhere from 60% to 80% of the home purchase. That means if you wish to buy a home for $100,000, you will be loaned anywhere from $60,000 to $80,000 worth of the investment. Arizona hard money is a good way to put a lot of money down on a home and then pay it back rather quickly. This helps you avoid all the mess with banks having to check your credit, employment history, and pay stubs.

While interest rates can be fairly high for hard money loans, many are short-term (about 6-36 months) so they can be paid off quickly. When acting on a short sale or purchasing a foreclosed home, the money you save could definitely be the little bit higher interest rate you would pay for the loan.

Becoming eligible for an Arizona hard money loan

The best part about applying for a hard money loan is that it couldn’t be easier to qualify. You simply contact a hard money company or lender, show them your plans and ideas, and you can get your Arizona hard money in as little as 24 hours. Eligibility for Arizona hard money is not based on credit, income level, or employment. In fact, the main determination in eligibility has nothing to do with you at all! It is all about the property you are looking to purchase. It just doesn’t get much easier than the process of hard money.

How do you know when it is time to consider Arizona hard money?

Sure, you may have heard the term thrown around here and there, but do you really know what Arizona hard money is? How do you know when it is time for you to consider an Arizona hard money loan? There are several paths that could lead you to hard money, but smart investors and borrowers know how to make it work in their favor.

Perhaps you are a beginner in the investment world without the money or the means to make it work. Maybe you have an ideal home project or purchase in mind but poor credit and a shaky financial past is keeping your from qualifying for any type of home loan.

Because typical loans can take at least 30 days to process and qualifying for one can be quite a hassle, Arizona hard money is a convenient alternative to traditional methods of borrowing money. Many lenders do not require a credit check or proof of income.

Creative ways to use Arizona hard money

Arizona hard money can also used as a creative way to finance your home or property. Consider this: Most people consider anything with the term “loan” in it as a way to find yourself even deeper in debt. But, believe it or not, both you and your hard money lender can actually profit from Arizona hard money. Seems too good to be true, right? Think again.

If you are loaned enough money to buy a foreclosed home, you can actually show the lender your plan of action, fix the home up, and sell it at under-market value (but, of course, for an amount more than you paid for it.) Obviously it costs money to make money in this situation, but it is certainly an option for those who are ambitious and willing to go the extra mile to make a buck. When all is said and done, you have paid your lender back, equipped a new family with the home of their dreams, and you have money in your pocket.

Whether you found a great deal on a home and are anxious to buy, or you are looking for a way to finance your property creatively, the opportunities for Arizona hard money are endless!

Arizona hard money lenders are unique.

When you and your spouse decide to purchase a home, you are taking one of the biggest risks of your lives. Of course, if you live within your means and keep a strict budget then this would help you breathe a little easier. But, there are times where money becomes tight even when you are wise with your finances. Sometimes people have to file for bankruptcy and have their house foreclosed due to unlucky conditions whether it comes from losing a job, hard economical times, or got in a bad accident. But thank goodness for Arizona hard money lenders. They can help you when you are falling behind on your mortgage by providing you a way to avoid bankruptcy.

They provide short term loans (3-36 months) to those who are in need of help with their finances. Hard money companies are lenders who offer a specialized type of real-estate loans. Hard money lenders generally have much higher interest rates than banks because they fund deals that do not conform to bank standards.

The last thing that we would want to do is go into foreclosure, or into big debt that seems overwhelming. One of the hardest things to overcome when faced with an obstacle such as this is to wonder how you are going to become free from the debt. Just because your past has been full of financial troubles, it doesn’t mean that your financial future is in a crisis. There is help. An Arizona hard money lender can give you the quick loan you need to avoid bankruptcy and other troubles. Banks will always look at your credit score, credit history, and other components of your finances to give you a loan, but a hard money lender will not even look at either of those options.

Arizona hard money lenders are with YOU.

As I had mentioned before, Arizona hard money lenders will go where no bank would even consider. Rather, they are on your side. They understand your situation and will do everything in their power to see that you are rewarded a loan for a home or project you want. Most Arizona hard money lenders loan money for buying a foreclosed or short saled home, home projects, or any other type of property or real estate investments.

The interest rates for most hard money lenders are higher than banks because they are taking a higher risk on you. But the good part about Arizona hard money lenders is that the loan period is generally a lot shorter than banks. They average anywhere from 3-36 months. Remember that Arizona hard money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

You can be approved for Arizona hard money

What are the typical items banks consider when lending money to a borrower? Any person who has tried to get a loan and has been denied knows the answer to this question. Credit, income, job history, and assets are usually how banks make their determination. What they don’t take the time to consider is that a few small mishaps can destroy credit, that not everyone’s income is consistent, and hte some people  just don’t have much to show pertaining to their assets.

This is where the difference comes in between typical money lending institutions and Arizona hard money. When dealing with Arizona hard money, you are talking to private money lenders who understand these situations and are willing to help. This kind of money is loaned mainly for home purchases or renovations and is strictly equity-based.

How to get approved for Arizona hard money

Sure, good credit can help you in almost any financial situation. When it comes to Arizona hard money, good credit can help you get a lower interest rate, but it does not determine your eligibility whatsoever. Still, the interest rate is mostly determined based on the length of the loan.

Believe it or not, you can get your Arizona hard money loan approved in and walk away, cash in hand, in as little as 24 hours. You do not have to pay for application fees, closing costs, appraisals, or loan forms...you just find the hard money lender and let them do the rest! It just doesn’t get any simpler than this.

You do need an evaluation of the property, signed documentation, and a few other miscellaneous documents before the loan can be completed, but nothing too out of the ordinary. Arizona hard money is a great solution for those looking to buy a home, renovate a property, or purchase a piece of land. What are you waiting for? Isn’t it time you considered Arizona hard money?

Arizona hard money lenders are different from banks

The last thing that we would want to do is go into foreclosure, or into big debt that seems overwhelming. One of the hardest things to overcome when faced with an obstacle such as this is to wonder how you are going to become free from the debt. Just because your past has been full of financial troubles, it doesn’t mean that your financial future is in a crisis. There is help. An Arizona hard money lender can give you the quick loan you need to avoid bankruptcy and other troubles. Banks will always look at your credit score, credit history, and other components of your finances to give you a loan, but a hard money lender will not even look at either of those options.

Arizona hard money lenders loan money to complete strangers without looking at their credit history, employment record, or your ability to pay. This does indeed make it a significant risk when loaning their money to borrowers, but they are here to help and they understand what you are going through. Hard money loans are strictly equity-based and they use the home you are purchasing as collateral in order to ensure repayment. They can get you the money you need in a matter of 24 hours.

Arizona hard money lenders are with YOU.

As I had mentioned before, Arizona hard money lenders will go where no bank would even consider. Rather, they are on your side. They understand your situation and will do everything in their power to see that you are rewarded a loan for a home or project you want. Most Arizona hard money lenders loan money for buying a foreclosed or short saled home, home projects, or any other type of property or real estate investments.

The interest rates for most hard money lenders are higher than banks because they are taking a higher risk on you. But the good part about Arizona hard money lenders is that the loan period is generally a lot shorter than banks. They average anywhere from 3-36 months. Remember that Arizona hard money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

Arizona hard money lenders go where banks won’t.

Have you ever found yourself in a serious financial situation? One of the hardest things to think about when you are faced with this crisis is how in the world are you going to get yourself out of this trouble and onto dry land again. You may have had a difficult past financially speaking, but that doesn’t actually predict your financial future. There is hope in the horizon for those who find themselves in these types of situations. If you need a quick loan for a home or project, you can bet on an Arizona hard money lender to help you out.

How Arizona hard money lenders work is they provide you a loan without looking at your credit score or history unlike banks and other loan agencies do. Hard money loans are strictly equity-based and they use the home you are purchasing as collateral in order to ensure repayment. They take a big risk in providing you the money you need, but they understand your situation and want to help you live your American dream.

Arizona hard money lenders want to help YOU.

Arizona hard money lenders will go where banks and other loaning agencies wouldn’t even dare or consider. Rather, Arizona hard money lenders are on your side and they want to help you out as best as they can. They will see that you receive what you are looking for whether it be a home or a construction project. Most of the time, they will loan you money for buying a foreclosed home or short sale home, fix and flip projects, and other types of real estate investments. Don’t look for them to give you a loan for some big hummer or lamburgini, but they will definitely help you restore your dreams of owning a house.

Typically, most hard money lenders have a little higher interest rates than traditional loans. This is because the risk is higher by loaning to you without checking your credit score and history, and other considerations. Arizona hard money lenders will, however, provide you a shorter loan than normal (anywhere from 3-36 months) so that the higher interest rate from a bank won’t add up as quickly as a hard money lender. One thing to keep in mind is that an Arizona hard money lender will often approve you for a loan of up to 80% of the property’s value in as little as 24 hours.

Arizona hard money lenders go where banks won’t

There are few things more disheartening than financial troubles. Worst case scenario is when you find yourself in a hole you know you can’t get out of. You may have had a difficult financial past, but that doesn’t necessarily predict your financial future. If you need a quick loan for a home or project and your bank or other money lending companies will not approve you, you can almost always count on an Arizona hard money lender.

Arizona hard money lenders take a significant risk in loaning their money out to borrowers. Not only do they loan the money to a complete stranger, they do not base the loan on your credit, income, employment history, or ability to pay. Hard money loans are strictly equity-based and they use the home you are purchasing as collateral in order to ensure repayment. Arizona hard money lenders will loan to YOU, and they can get you your money in a matter of 24 hours.

Arizona hard money lenders are on your side

Like stated previously, Arizona hard money lenders will go where banks wouldn’t even consider. Obviously, they are you, the borrower’s, side. They want to help you out and will be willing to do so if they can see that your investment or project would be profitable in some home. Most Arizona hard money lenders loan money for buying a foreclosed or short saled home, fix-and-flip projects, and other types of property or real estate investments. Needless to say, you can’t exactly go buy a new ferrari with hard money, but you can certainly put the money toward the home of your dreams.

Most hard money loans have a little higher interest rates than traditional loans. This is because, as mentioned before, Arizona hard money lenders are taking a bit bigger risk by loaning to you without first checking your credit or other components of your financial history. However, these loans are typically shorter than other loans (around 3-36 months) so that higher interest rate does not add up quite as quickly. Remember that Arizona hard money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

Quick Answers to your Arizona hard money questions.

If you’re thinking about an Arizona hard money loan, you undoubtedly have questions. Listed below are seven quick questions with seven quick answers to help you understand a little bit more about Arizona hard money.

Five Arizona hard money questions and answers

1. What is the interest rate on an Arizona hard money loan?

This question depends on the lender. No two lenders are alike and will base their interest rates on a variety of factors. However, most interest rates on hard money loans will range from 10% to 18%.

2. What Loan-to-Value are lenders seeking?

Arizona hard money lenders, again, will base this number based on quite a few factors. Most of the time, the LTV will be about 70% of the after-repaired value. However, this number can range anywhere from 65% to 80%.

3. What are the costs of Arizona hard money loans?

All hard money loans are going to require a Title policy, insurance, and appraisal. These services do cost money--even up to a couple thousand dollars. Often times though, this will only cost a few hundred dollars.

4. Does my credit matter?

Yes and no. Your eligibility is not determined on credit, so having bad credit doesn’t hurt you too much. However, if you have decent credit, it can establish your credibility and ensure the lender of your ability to repay. However, the loan is based on the value of the property in the end. Many people seek hard money loans mainly because of their poor credit and inability to receive a lower-interest rate loan from the bank.

5. Do I have to put money down?

Yes, most of the time. Lenders want to feel confident in their investment, so they need to see that you have enough resources to cover the costs of the loan. Expect to pay a little bit out of pocket until the project is completed.

What Matters (and what doesn’t) in Arizona Hard Money Loans

First and foremost, what matters is that you need to be approved for a loan quickly and easily. That’s the good news. Fortunately for you, there is much more good news that comes when dealing with Arizona hard money loans. You need to do your research and find the right hard money lender for you. Obviously, you want to find one with low interest rates and a quick approval time, but that’s not all that matters in Arizona hard money loans.

It’s good to know that hard money loans are equity based and are usually approved for an amount somewhere between 60% and 85% of the value of the home property. This is a significant amount of the mortgage and can help you greatly if you cannot get approved by another lender. Arizona hard money loans are typically short-term, ranging from 6-36 months, so that’s important to know too.

It matters that you are professional and truly striving to make the payments of a hard money loan. Lenders are taking a significant risk in loaning the money to you because they are only basing their decision on the value of the home.You need to do all that you can to show them you value their business and are willing to hold up your end of the agreement.

What doesn’t matter in an Arizona hard money loan

There are other benefits for you in an Arizona hard money loan. If you have had trouble getting approved for a loan in the past, it could be due to your inability to pay or prove that you can handle the responsibility. However, if you have turned things around and are ready to take on another financial obligation, you can get approved for an Arizona hard money loan quite easily. Lenders do not check your pay stubs, tax information, or even your credit.

So basically, it is quite easy to get approved. If a lender can see that your home or project is worthy of investing in, they will approve you for a loan. Remember though that when you purchase your home, it is then used as collateral for the lender and can be used against you if you do not make your payments.

There are pros and cons in the hard money lending industry, as in any other industry involving money. You might find that interest rates are high, but that eligibility is easy. The approval time for an Arizona hard money loan is usually around 24 hours, so the money comes quickly. If you are looking for a way to fund your next home purchase or project, hard money lending could be right for you.

The Truth about Arizona Hard Money Lenders

Many first time investors are curious about hard money  loans. What do these loan companies do? Who are they? Where does the money come from? These are all common questions coming from those with little to no experience with the hard money industry. Let me enlighten you on what Arizona hard money lenders do and a little bit about how they work.

The term “hard money” is important to understand. Clearly the opposite of what investors call “soft money” (that referring to loans that are easier to qualify for and are more flexible), hard money is a little more restrictive. This makes perfect sense because most hard money loans come from private Arizona hard money lenders and are not based on credit or ability to pay so the risk is much greater. This money does not come from a bank or typical lending institution, but rather from a private investor with extra money on hand.

Things to know about Arizona Hard Money Lenders

First, know that Arizona hard money lenders are on your side. They understand that a difficult financial past can damage your qualifying power but should not keep you from pursuing your dreams. That’s why they don’t check your credit, ask you to provide pay stubs, or investigate your financial history. The loans are completely equity-based, so they have less to do with you than you think.

Most Arizona hard money lenders will loan you anywhere from 60% to 85% of the value of the property or home you are looking into buying.  Typically these loans tend to be on the short side (about 6 to 36 months) and have higher interest rates than most loans. The interest varies according to your credit score and experience.

Do your research before deciding which Arizona hard money lender to pursue. Compare and contrast the interest rates, loan lengths, etc. so that you find the deal that is right for you. The most important thing to keep in mind is that you not ask more than necessary and that you have some sort of repayment plan in place.

Why Choose an Arizona Hard Money Loan over a Traditional Loan?

Some people might think opting for a hard money loan over a traditional loan is a crazy decision to make. With higher interest rates and shorter loan lengths, why on earth would anyone make this decision?

There are many misconceptions about Arizona hard money loans. (A few of which are stated above.) There are also many reasons why hard money loans are a legitimate option for borrowers. Most of the time, borrowers who choose Arizona hard money loans simply cannot meet the compliance requirements of their bank’s or traditional lender’s guidelines. Sometimes when the only option you can qualify for is a hard money loan, you must proceed.

Another plus to Arizona hard money loans is that they are much more prompt than other lenders. In fact, a loan can often be approved and funded all in a day’s work. Many other lenders can take up to two weeks to process and approve the loan. That can be a long time to wait to possibly hear bad news.

What can Arizona hard money loans be used for?

There are a variety of uses for Arizona hard money loans. Another misconception about hard money is that it can only be used for home purchases such as short sales. However, that is not always the case. Funds from an approved Arizona hard money loan can also be used for fix-and-flip projects, property development, foreclosure bailouts, debt consolidation, probate resolutions, etc. The possibilities are practically endless with this type of money lending and exchange!

Before deciding which hard money lender is right for you, be sure to do your research! Compare and contrast several companies before making your final decision and go with what feels right. Obviously, this is a professional agreement, so you need to make sure  the company you choose has the highest level of professionalism.

Qualifying for an Arizona Hard Money Loan

You probably have some financial experience or at least some knowledge of traditional financing. If all you know is that getting approved for a loan is difficult, then you know enough. If you know that you have poor credit, you may not have even attempted to apply for a loan in the past. However, Arizona hard money loans could be the answer to your problems.

With Arizona hard money loans, you don’t have to worry so much about your personal financial profile--things such as credit, income, employment history, and ability to pay don’t have much to do with it. Arizona hard money loans are equity-based, so it’s more about the property than it is about you.

What Arizona Hard Money Lenders Consider

The first and biggest thing lenders consider is the equity of the property. Is it worth it? Or is your investment project not going to lend any positive results? Lenders consider the LTV (loan to value) ratio between the amount you want to borrow and the value of the property. In this case, make certain you are not asking to borrow an outrageous amount of money for a home that isn’t worth much. For the most part, Arizona hard money loans are usually between 65% and 80% of the value of the property.

Another factor lenders consider is previous liens. Do you have any other liens on the property? If so, you may not get approved for a loan. Hard money lenders will not agree to loan money on a secondary basis. They must be the PRIMARY lienholder. f

As stated before, qualifying for Arizona hard money does not mean that you have to have good credit or a high income. In fact, one of the main reasons people seek out hard money loans is that they do not have the credit or income necessary to qualify for a loan from the bank or other financial institutions.

Overall, Arizona hard money loans are less restrictive than traditional loans. There is less turnaround time, no need to provide proof of income, and you get to work out the plan personally with your investor or hard money company. Many people find that Arizona hard money loans are viable and trustworthy places to get the money they need quickly and easily.

Types of Arizona Hard Money

There are lots of ways to make Arizona hard money work for you. While most people think of hard money loans as those high-interest, last-resort, type of money options, they can actually be used creatively and efficiently so that the lender and the borrower both end up profiting in the end. How can this be done, you ask? Read on to find ways to make Arizona hard money fit your circumstance!

Arizona Hard Money can be used in diverse situations.

The first and most common example of Arizona hard money loans is a residential investment loan. This is for a personalized and individual situation (not commercial) and the property is used as collateral. This type of loan, or any hard money loan for that matter, is not based on personal finances or income, but rather on the value of the property.

The second type of Arizona hard money is for commercial investments. This is for companies looking to invest in property or in a “fix-and-flip” project. In this case, your company might not have ownership of other property to use as collateral, so instead, they may accept interest in your company. Basically, the Arizona hard money lender would be a part-owner of the business.

Once again referring to the “fix-and-flip” type projects, Arizona hard money can be used for this type of situation. Basically, the hard money lender would give you a short loan (6-36 months) that you could  use while you are revamping the property. Then, you can turn around and sell the property you renovated for more than you bought it for, pay your loan off, and make a profit. This is a new and creative way borrowers are utilizing the services of Arizona hard money. In fact, in this instance, 3 people are benefitting: the lender, the borrower/project person, and the buyer of the home who just purchased a completely revamped and fabulous home or property.

These are only three ways you can make Arizona hard money work for you. The possibilities are endless! And, since each situation is completely unique, hard money consultants and companies can walk you through the process and help you explore your options.

Finding the Right Arizona Hard Money Lender for You

Finding an Arizona hard money lender could seem like a daunting, insurmountable even, task. In fact, you may be so deep in financial hardship, it’s taking all of your strength just to keep your head above water. However, this situation does not have to be your reality. Arizona hard money lenders are available and ready to loan you the money you need and get you on your way to financial freedom. There are a few ways to find the right Arizona hard money lender.

First, you need to determine the kind of hard money you are seeking. Are you a commercial developer in need of hard money? Or are you an individual interested in a residential hard money loan? Deciding which category you belong to is the first step to consider before looking further.

Then, decide how much money you need. You probably already have your purchase in mind, so do the math. How much can you afford? How much do you need to borrow? What can you do to minimize costs? Remember that Arizona hard money lenders will loan you up to 80% LTV (loan to value), but this amount could also be as low as 65%. Keep your number somewhere between that range and then start doing your research.

The Research Process involved in finding an Arizona Hard Money Lender

Start with the internet. Use a search engine such as Google or Bing and type in the words you are looking to find. For example, if you wanted to find a lender in your area, you may type “Arizona hard money lenders.” Undoubtedly, several hundred (if not thousand) websites are going to pop up. Click on some of the sites and compare and contrast what you see. Make a few lists of the things that seem legitimate to you and also keep a list of lenders that seem a little sketchy.

Since you are about to receive a large sum of money from an Arizona hard money lender, you want to make sure that what you are getting is legitimate. If they are a trustworthy company or lender, you will be able to tell by your first impression of the website. Remember that, if it seems too good to be true, IT IS! Don’t do anything you feel uncomfortable with, even if it seems like a good deal. Trust that gut feeling of yours, even if it means the lender you decide on has slightly higher interest rates.

After you have found a few Arizona hard money lenders that look appealing to you, go back to your search engine. Even the most legitimate looking companies can fool their consumers, so it is important to look at customer reviews. Type the name of the business or individual hard

Is Arizona hard money right for you?

Have you ever been turned down for a loan from a bank? Does it seem inevitable that you will ever be approved for a loan so you can purchase that house you’ve always wanted? If you feel this way, then fret no more! Arizona hard money lenders is the solution for you. Never mind if you have a bad credit score, for they see it as irrelevant. Arizona hard money wants to help you accomplish your goals, today!

Arizona hard money stands out from typical loans in many ways. First, most people can be approved for a loan within 24 hours from the time he or she applied and receive the funding they qualified for. On the other hand, a typical loan from a bank often times takes DAYS just to process the loan. Why go through all of the hassle? Arizona hard money is a more convenient way to borrow money than from traditional ways.

Another Way to use Arizona Hard Money Lending.

It’s your money, use it the way YOU want to. You may think you are digging yourself into a deep hole by taking out a loan, but you can actually make a profit from hard money loans. Arizona hard money allows you to be creative while financing your home or property.  Seem too good to be true? It’s really not.

Consider this:

One way to make a profit from your loan is to make improvements to your house or property after you have purchased it with the money from the loan. Then you can sell it under market value and CHA-ING! You will have made profit! Remember, it takes money to make money, but in the end, the profit outweighs the temporary debt.

Arizona hard money lenders are anxious to help you fulfill your long lasting dreams. Once you have found that perfect house, or that car or truck you have always wanted to drive, please remember to give us a call.

Arizona Hard Money Lenders are not your average money lenders.

When someone is trying to take out a loan from a bank or any other loan agency, what is it that these banks are looking for? In most cases, these banks only look at the customer’s credit, income, or assets to decide whether or not he or she is reliable to lend their money to. But what they fail to realize is that not everyone’s credit is the same, a few bad decisions that resulted in bad credit, and that many people don’t have much of any assets.

Unlike the typical bank, Arizona hard money lenders are different. One of their primary goals is to provide an easier solution that will help their customers attain their ultimate goals. Arizona hard money lenders understand how important is to their customers that they receive fast, easy money so they can be able to purchase a home, a car, or any other investment that requires the need of a loan. Many hard loan companies and investors focus mainly on the purchase of short sales and foreclosed homes.

Arizona Hard Money Lenders provide quick and easy money.

The beauty about Arizona hard money lenders is that you could get a loan regardless of your job history, credit, or current income. If you have bad credit, then there is no need to fear, it is simply irrelevant. They don’t even check your tax returns or pay stubs! When you are approved for a loan, the interest rate is in large part determined on the length of time you choose to pay your loan back.

In as little as 24 hours, Arizona hard money lenders can provide you an equity-based loan. Keep in mind, Arizona hard money lenders will not shoot you with any application fees, closing costs, loan forms, or appraisals while they assist you and you will obtain the money you need to accomplish your financial goals. How cool is that!

To apply for a loan is easy. Just call the company, receive an evaluation of the property, sign documentation, and walk away with your project funding in one day. Isn’t it time you considered an Arizona hard money lender?

Arizona Hard Money Lenders are there when you need them.

When someone is trying to take out a loan from a bank or any other loan agency, what is it that these banks are looking for? In most cases, these banks only look at the customer’s credit, income, or assets to decide whether or not he or she is reliable to lend their money to. But what they fail to realize is that not everyone’s credit is the same, a few bad decisions that resulted in bad credit, and that many people don’t have much of any assets.

Unlike the typical bank, Arizona hard money lenders are different. One of their primary goals is to provide an easier solution that will help their customers attain their ultimate goals. Arizona hard money lenders understand how important is to their customers that they receive fast, easy money so they can be able to purchase a home, a car, or any other investment that requires the need of a loan. Many hard loan companies and investors focus mainly on the purchase of short sales and foreclosed homes.

Arizona Hard Money Lenders will approve YOU for a loan.

The beauty about Arizona hard money lenders is that you could get a loan regardless of your job history, credit, or current income. If you have bad credit, then there is no need to fear, it is simply irrelevant. They don’t even check your tax returns or pay stubs! When you are approved for a loan, the interest rate is in large part determined on the length of time you choose to pay your loan back.

In as little as 24 hours, Arizona hard money lenders can provide you an equity-based loan. Keep in mind, Arizona hard money lenders will not shoot you with any application fees, closing costs, loan forms, or appraisals while they assist you and you will obtain the money you need to accomplish your financial goals. How cool is that!

To apply for a loan is easy. Just call the company, receive an evaluation of the property, sign documentation, and walk away with your project funding in one day. Isn’t it time you considered an Arizona hard money lender?