Arizona Hard Money Lenders are there when your bank isn’t.

Are you tired of being turned down for a loan based on your credit, income, or assets? Sick of being judged because your finances aren’t where you would like them to be? All too often, banks make unfair denials for loans based on criteria that aren’t really reflective of your responsibility level. Maybe it’s time you considered an Arizona hard money lender.

Arizona hard money lenders are different than traditional bank lenders. In fact, they understand that denials of bank loans can keep you from reaching your dream of owning the perfect home. That’s why Arizona hard money lenders provide easy solutions and quick money to those looking for a loan to purchase or improve a home or property. Most hard loan companies and lenders focus on short sales, foreclosed homes, and fix-and-flip projects.

Arizona hard money lenders provide affordable payment plans.

Loan approval is not based on credit at all, but good credit can help you receive a lower interest rate for the loan. For the most part, Arizona hard money lenders will approve you for a loan regardless of your credit, job history, or current income. Still, if you have reasonably good credit, be sure to mention it to your Arizona hard money lender to see if you can receive a lower interest rate.

The main determining factor of interest rates on hard money loans is the length of the loan. Typical hard loans are short (compared to traditional mortgages) but can range anywhere from 6-36 months, depending on your needs. Basically, the shorter the loan, the lower the interest rate.

Hard money loans are also based on equity. Some Arizona hard money lenders will loan up to 80% of the property price, making your dream that much more affordable. Also, many loans can be processed, approved, and provided within 24 hours.

What are you waiting for? You could walk away with a perfectly suited hard loan to meet the needs of your home or property dreams in no time.

What can Arizona hard money do for you?

The first thing you need to know about Arizona hard money is that it is not based on your own personal merits. Most Arizona hard money loans base their approval on the merits of the property or home you are looking to buy—not on your credit score or yearly income. In fact, many lenders do not even look at your financial history! That means you do not have to provide tax return information, pay stubs, or proof of income. This can be excellent news for a beginning real estate investor looking to make a profit or for someone looking to purchase a new home for their family.

One way to make a profit by investing in real estate is by utilizing Arizona hard money institutions. As long as your lender can see that your “fix and flip” adventure is worthwhile and has opportunity for profit, you can be approved for a Arizona hard money.

The basics of Arizona Hard Money

These types of loans can vary in length. Many loans are short-term (about six months) while others extend for a few years. Most hard money loans are fairly short-term. While interest rates for these loans can be a bit higher than traditional bank loans, their short payment length makes them worthwhile.

Arizona hard money lenders will lend money where banks won’t. All too often, good-hearted, hard-working people have their dreams crushed because traditional bank loans don’t work out for them. That is not the case with Arizona hard money. These lenders will lend based on the merits of the property you are looking to buy and not on your financial history. So, bad credit does not necessarily disqualify you from ever receiving a loan.

Generally, hard money loan amounts vary based on need. However, the good news is that many looking to receive a loan can be offered an amount that is up to 70-80% of the value of the property.

What are you waiting for? Arizona hard money could be right for you!

What can Arizona hard money do for you?

The first thing you need to know about Arizona hard money is that it is not based on your own personal merits. Most Arizona hard money loans base their approval on the merits of the property or home you are looking to buy—not on your credit score or yearly income. In fact, many lenders do not even look at your financial history! That means you do not have to provide tax return information, pay stubs, or proof of income. This can be excellent news for a beginning real estate investor looking to make a profit or for someone looking to purchase a new home for their family.

One way to make a profit by investing in real estate is by utilizing Arizona hard money institutions. As long as your lender can see that your “fix and flip” adventure is worthwhile and has opportunity for profit, you can be approved for a Arizona hard money.

The basics of Arizona Hard Money

These types of loans can vary in length. Many loans are short-term (about six months) while others extend for a few years. Most hard money loans are fairly short-term. While interest rates for these loans can be a bit higher than traditional bank loans, their short payment length makes them worthwhile.

Arizona hard money lenders will lend money where banks won’t. All too often, good-hearted, hard-working people have their dreams crushed because traditional bank loans don’t work out for them. That is not the case with Arizona hard money. These lenders will lend based on the merits of the property you are looking to buy and not on your financial history. So, bad credit does not necessarily disqualify you from ever receiving a loan.

Generally, hard money loan amounts vary based on need. However, the good news is that many looking to receive a loan can be offered an amount that is up to 70-80% of the value of the property.

What are you waiting for? Arizona hard money could be right for you!

Is Arizona hard money right for you?

How do you know when it is time to consider looking into Arizona hard money? Perhaps you are a beginner in the investment world without the money and means to make it work. Maybe you have a home project in mind, but your poor credit is preventing you from qualifying for a loan. Or, possibly you’re anxious to buy a home and you need to move quickly. In this case, Arizona hard money is right for you.

Because typical loans can take up to 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. In fact, most people can be approved for a loan and receive their funding within 24 hours.

Another Way to use Arizona Hard Money Lending.

Some people use Arizona hard money as a creative way to finance their home or property. While most think of the loan process as a way to get further into debt, sometimes both you and your lender can make a profit from hard money loans. Seem too good to be true? It’s really not.

Consider this:

If your Arizona hard money lender loans you enough money to buy the property or foreclosed home, you can fix it up and sell it under market value. Voila! You’ve just made a profit without using a penny of your own money. Of course, it usually costs money to make money; but, in the end, the profit outweighs the temporary debt.

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: Helping your Dreams Become a Reality

When you find that beautiful home you’ve been searching for, you can’t help but imagine your family sitting around the dinner table talking about their day. You imagine your kids playing in the front yard, your spouse cuddled up by the fire. You anticipate the memories to be made in the home of your dreams. The American Dream is finally coming true for you.

What you don’t always consider in your daydream is exactly how the purchase of this home will impact your finances. You may not even realize that poor credit or a difficult financial past could keep your dream from becoming a reality. That’s why you need Arizona hard money lenders.

Arizona Hard Money Lenders Understand.

Arizona hard money lenders get it. They know that the last thing you want to worry about is how you are going to finance your project--you would rather be choosing light fixtures and hanging curtains. That’s why Arizona hard money lenders are here for you. They provide fast, easy financial solutions to aid you in the purchase of a short sale or foreclosed home. In fact, with the help of Arizona hard money lenders, your project can be funded in only 24 hours.

With a hard money loan, you can receive a loan of up to 80% of your project value without any hoops to jump through. In fact, you can receive a hard money loan without an appraisal on the property, loan forms, application fees, or closing costs. There is no need to provide tax return or pay stub information—the interest rate is based mostly on the length of the loan.

Isn't it time for your American dream? Let Arizona hard money lenders take care of the finances—you make the dream come true.

Arizona Hard Money Lenders are there when you need them.

Typical banks and money lenders consider only credit, income, or assets when making a decision about lending money to a consumer. What they don’t consider is that a few small mishaps can destroy credit, that not everyone’s income is consistent, and that some people don’t have much to show pertaining to their assets.

Arizona hard money lenders are different. Arizona hard money lenders understand these everyday difficulties and provide easy solutions to tough financial situations. They believe in your dream of owning the perfect home and want to help you do it by providing fast, easy money to aid you in the purchase of a home. 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.

While good credit can help you get a lower interest rate for the loan, lenders do not determine your eligibility based on credit. In fact, you can get a loan regardless of your job history, credit, or current income. They don’t even check your tax returns or pay stubs! The interest rate is determined mainly on the length of the loan.

Arizona hard money lenders provide equity-based loans in as little as 24 hours. With no application fees, closing costs, loan forms, or appraisals, Arizona hard money lenders can get you the money you need and one step closer to your dream in no time. It just doesn’t get any simpler than this.

Applying 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?

Short Sales its getting Impossible to purchase a short sale

Short Sale Short Sales are Getting Hard to Do.

Time is a changing.  I remember a few months back sitting in the office and an agent in

Big Daddy Dennis

the next cubicle was looking for a home for his client.  He pulled up a listing and the client said 'I like that one'.

The agent said it's a short sale, it will take forever, we will skip all active homes that are short sales'. 

Today I would love to have a short sale to show my client.  Inventory is so low and homes are going from active to pending in a few minutes.  Short sales are now having MULTIPLE OFFERS.

Now don't want to submit a short sale offer, because I still won't get it.  It is still a waste of time.  So I had to figure out how I can get my client the home of their dreams and get the offer accepted by the seller.  This is what I've discovered so far.

Keys in getting that Short Sale

Price is not a consideration.  When the seller sell, their close costs is a net ZERO.  Usually.  This means at COE the HUD1 says ZERO cash requirements from the seller.  SO THE SELLER really does not care what the price is.

Short Sale Sellers Hate Investors.   Yea they still do..so if you are submitting the offer in the name of an LLC... oh well you're one of those evil people who caused the problem in the first place.

Some short sale deals are fixed.  I'm calling it steering.  A listing agent has a potential purchaser in mind.  Or maybe the purchaser is a friend of the seller. Once the listing goes active, the agent immediately closes the listing and goes pending.  In a matter of minutes and NO BACK OFFERS PLEASE.   So who gets screwed in this deal?  Not the lender, they took the offer, the seller got out for zero, you got a commission, the buyer got the home. Everything worked out.  Well someone should tell the seller about the 1099 coming their way and remind them that they should take the highest and best offer.  And don't forget about that arms length document you signed.

Long Escrow.  Think about it. the seller is sitting in the home and not paying anything including taxes, HOA.  So if you tell them that it's going to take a little time to close.  YAYOO..they live it more free rent.

Send a letter.  Back in 2006 I listed a home and the prospective purchasers (multiple of them) want the home.  The seller accepted the offer from the purchaser that set a I-Just-Love-Your-Home letter.  Have you seen these? A personal letter attached to the offer telling the seller how much they love the home and really need the home for their sick grandma.  It works you should do it.

Multiple Offers from me.  Usually when I've submitted an offer on a short sale I submit three.  One from the Husband, One from the In-laws and one from the Uncle.  All different and with different terms.  Hopefully one is picked.

So there you go.  Get that short sale home.

The good news.

And for a side note, I've seen some deals in Arizona where the prices have gone up over the past 6 months at a annualized rate of 62%.  A home that sold for $74,000 5 months ago just went pending (in a matter of minutes) for $100,000.  That an annualized rate of 62.4%... wow... If only I could find something to buy...................