How to Apply for Arizona Hard Money

Arizona Hard Money: A (nearly) Guaranteed Way to Get a Loan Fast

How many times have you applied for a loan and got rejected because of poor credit, low income, or a bad financial past? Isn’t it time you left all that behind you and moved on with your life? If you can forget the past, lenders need to, too. Unfortunately, they don’t. Your financial history can haunt you like a ghost and leave you feeling frustrated and hopeless.

However, with Arizona hard money loans, that doesn’t have to be the case. These loans are different than what you are probably used to and are so easy to apply for. After you have been approved for an Arizona hard money loan, you can have your money in as little as one day. And the best part? You don’t have to wait days to see if you qualify. In fact, some hard money lenders in our state will inform you of your eligibility within thirty minutes.

How to Apply for Arizona Hard Money

Applying for Arizona hard money is easy! You simply find a suitable lending institution, talk with a specialist, and you are well on your way to having your loan money in your pockets.

Remember, these loans are equity-based, so that means your income and credit score doesn’t matter quite as much as the property you are buying. The amount of the loan you will receive will depend pretty much on the value of the property or home you are planning to invest in. Which is nice for you, because the more expensive the home, the higher loan you are likely to get. You can even get a loan of up to 80% of your home’s value; although, loans right around 60% are more common.

Your lender will let you know if you qualify for Arizona hard money within about thirty minutes of applying, and then you can have your money that same day. Basically, you need to show the lender that you can complete the project and pay back the loan, but you don’t need to provide much by way of documentation. Bring your information with you to the lending institution though because it’s always good to have on hand.

Get in and out and be on your way with Arizona hard money today!

Arizona Hard Money can help in a Big Way

A Better Way to Get Approved: Arizona Hard Money

All too many Americans are giving up on their dream home or property because they fear that their poor credit or financial circumstances will stand in their way. Granted, money controls a lot of things in our world, but don’t let it stop you from your dream. Have you ever considered Arizona hard money to set you on the right financial path? If not, this could be just the fix for you.

Don’t go through with sketchy under-the-table sort of loans when you can’t approved from a traditional lending institution. And, as appealing as it sometimes sounds, do not borrow from friends and family. This can often lead to broken or frustrated relationships and it’s simply not worth it. Instead, try Arizona hard money.

 

Arizona Hard Money can help in a Big Way

While interest rates can run a little higher for Arizona hard money loans (typically 8% for a six month loan) they can actually give you that boost you need. Often times, hard money loans are credited for about 70% of the property value. That is a huge amount of money considering approval is not based on your income or financial past. 

The actual approval process for an Arizona hard money loan is super easy. Follow these quick steps to be on your way to success with your property or home:

1. Find and contact a hard money lender in your area.

2. Ask questions about the hard money loan you are looking into.

3. Figure out how much you will need and how much your property or potential home is worth.

4. Get approved for your loan and get the money in as little as 24 hours.

5. Start your new home project today!

Is Arizona Hard Money Right for You?

Announcing a new and improved way to finance your property investment: Arizona Hard Money

Have you heard the news? Arizona hard money is becoming more and more popular among buyers trying to find a financially feasible way to invest in a new home or property. So what is Arizona hard money? Let me enlighten you, my friend.

Essentially, there are two types of hard money loans. The first is a residential investment. This is personalized for the individual and the property being purchased is used as collateral. That’s why the value of the home becomes an essential ingredient in the approval process.

The second type of hard money loan is for commercial investors.  Usually, this type of hard money loan is for companies looking to invest in “fix and flip” projects which can often be turned around and sold for profit. Since the values are figured a little differently on this type of property, a hard money lender might accept interest in your company as a way to determine approval, etc.

Is Arizona Hard Money Right for You?

If any of the above information sparked your interest, Arizona hard money might be just right for you. Keep in mind that it is a pretty hefty commitment, but one that so many buyers benefit from. While the high interest rates and payments seem a little steep, it really can be worth it in the long haul.

In order to qualify, the lender will need to more about the property than they do about you. Again, the loan is equity-based so how valuable your property is matters most. If you have poor credit, low income, etc. that doesn’t mean you won’t qualify. Talk to a hard money lender to see what you can do to prove your ability to pay and they will work out a deal with you.

If you’re looking into a hard money loan for a fix and flip project, keep in mind the considerations hard money lenders take in approving you. They will consider the current value of the property, the cost of renovations, and the value of the home after the renovations are complete. Usually, these considerations work in your favor, but you will still want to do all that you can to make the process easier.

Arizona hard money could be just the ticket to get you your dream property quickly! Contact your nearest hard money lender to get started today.

Getting Started on the Arizona Hard Money Process

Affordable Ways to Finance Your New Home or Project: Arizona Hard Money

Have you found your dream home, but in the back of your mind you know it’s just a dream? Maybe it sits on a river bank, far out from the hustle and bustle of the city, and that wrap-around porch just need a fresh coat of paint. With Arizona hard money you can take that dream to the next level and make it a reality. And, it’s surprisingly affordable on your part.

First things first, remember that Arizona hard money loans are equity-based. Your approval is determined based on the value of the home or property—not necessarily on your ability to pay. That little known fact can be a huge relief to buyers.

Next, understand that interest rates are going to be a little higher than you’re used to. That’s the tough part. However, keep in mind that Arizona hard money loans are normally very short—usually about six months (or somewhere within the range of three to nine). The higher interest rates tend to even themselves out in that way.

Getting Started on the Arizona Hard Money Process

Getting started can be the hard part. It takes motivation to put yourself out there and risk rejection. But, once you take that first step, you’ll be surprised at how fast you can get the ball rolling. In fact, you can have your Arizona hard money within one day of application. 

Don’t put the cart before the horse. Find your nearest hard money lender and investigate the process a bit before making that commitment. Ask lots of questions, read the fine print, fully understand the commitment you are about to make. Once you decide to go through with the process, your hard money lender will take care of the rest. 

They will estimate the value of the property based on location, condition, renovations to be made, etc. Then, they will normally approve a loan of about 60-70% of that value. They will need some information from you, but nothing compared to traditional money lending associations. 

Financing your new home purchase could be a lot more manageable than you previously thought. Get started on the Arizona hard money process today.

The Hard Money Arizona Loan Process

Advice for hard money Arizona seekers

If you’ve looked into the various types of hard money loans, you may be feeling a little lost and overwhelmed. It can be an exhausting process to find a lender, fill out the paperwork, and then wait to get approved and receive your money. In fact, by the time this process happens, your potential home or property could be bought out from underneath you! With hard money Arizona, this is not the case. Here are a few things you need to know about hard money Arizona:

You can be in and out within 24 hours. Don’t worry about scheduling things weeks in advance and collecting tax information, pay stubs, etc. This loan isn’t based on income (in fact, you don’t even have to prove that you have an income), but is more collateral based. That’s why they can get you your money so quickly. There are no loan forms and many of the other logistics to worry about with hard money Arizona. 

The loans tend to be shorter than traditional loans. Perhaps for your last mortgage (or your current one) you have done a 15 or 30 year finance. With hard money loans, that is not the case. For the most part, you can count on your loan being somewhere around six months (plus or minus a few).

You will probably get a loan anywhere from 50-70% of the property value. Of course, this number is different from person to person. However, when you are planning the purchase of your home or property, you can estimate that the dollar amount of your loan will be somewhere in this price range.

The Hard Money Arizona Loan Process

Like I said before, the process is quick and easy. The team of loan specialists will get you in and out as quickly as possible. A few of the items hard money Arizona considers when approving your loan are:

1. The location and condition of the property

2. Your ability to complete the project (if the funding is for a fix and flip)

3. Current and projected value when complete

4. Your information

5. The amount of assets and resources you have available to complete the project

These are just a few of the considerations, and all loan institutions are going to be different. Keep these things in mind when considering a hard money loan.