Is a Hard Money Arizona Lender the right Lender for flipping my home property?

Hard money lender Arizona

Arizona hard money loans are based purely on the value of the house, home, or property that you want to flip or fix up. It’s as simple as that. For every home renovator worried about their credit (so, all of them), know that a hard money Arizona loan is definitely the way to go. Private money lenders are definitely the best way to get what you want faster than your traditional bank loans.

Need more convincing? In addition to hard money Arizona lenders loaning money based entirely on the value of the home that is being used as collateral, these Arizona hard money loans are also insanely easy to qualify for.

Additionally, as you will find out, a hard money lender Arizona loan is also the fastest loan you can get. From property appraiser to signing papers to beginning your project, an Arizona hard money loan is the fastest kind of loan you can get, which means that your project gets to start sooner rather than later. Hello, new kitchen! Goodbye loan fears.

Keep in mind, however, that Arizona hard money loans are much more expensive than your traditional loan. Meanwhile, as soon as you quickly qualify for your Arizona hard money loan, you are basically halfway to starting on your dream home. You can begin paperwork and in far less time than it would take for a traditional loan, you will have a money from a hard money lender Arizona.

Arizona hard money loans are great when you are flipping a property to create a home property that is worthy of a great owner. That is because when you’re in the property you’ve borrowed against for less time than say, if you were living there, then the added interest rate of 10 to 18 percent from the hard money loan won’t irritate your profit margin that much, so you can still make a fantastic profit.

Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Do I Want an Arizona Hard Money Loan?

Hard money lender Arizona

Maybe you are trying to rebuild your dream house or maybe you want a new home to flip and sell for a profit. You figure your option is to go for a traditional loan at the bank, but you’re worried because your credit score has gone from bad to worse and that’s definitely the first thing banks check. So what do you do? Where can you turn?

There’s a chance you don’t know about hard money lenders Arizona, and that’s okay, because now’s the time to find out; right before you flip your home.

Luckily, hard money lenders base your Arizona hard money loan entirely on the value of the property you have, not based off of the credit you may or may not have. That would mean that that a hard money lender Arizona loan is the easiest kind of loan to get- and additionally, as you will find out, a hard money lender Arizona loan is also the fastest loan you can get.

Keep in mind, however, that Arizona hard money loans are much more expensive than your traditional loan. Meanwhile, as soon as you quickly qualify for your Arizona hard money loan, you are basically halfway to starting on your dream home. You can begin paperwork and in far less time than it would take for a traditional loan, you will have a money from a hard money lender Arizona.

Arizona Hard money loans are great when you are flipping a property to create a home property that is worth being borrowed against. That is because when you’re in the property you’ve borrowed against for less time, the added interest rate of 10 to eighteen percent from the loan won’t irritate your profit margin that much and you will still do very well.

Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

What is a Hard Money Arizona Loan?

Hard money lender Arizona

So you want to flip a house either because it’s your dream to finally have the home you always wanted or you want to sell a flipped house to private investors interested in renting the home to other homeowners.

This economy might make that difficult, however, especially since nowadays, this economy has flipped everyone’s credit score upside down, and not in a good way, making it incredibly difficult to qualify for a traditional bank loan, leaving good people who don’t know about private money lenders Arizona, out in the dust.

That’s why hard money lenders is the way to go.

If you don’t know, hard money lenders base your Arizona hard money loan entirely on the value of the property you have, not based off of the credit you may or may not have.

This means that a hard money lender Arizona loan is the easiest kind of loan to get- and the fastest, though they are much more expensive than your traditional loan. As soon as you qualify, you can begin paperwork and in far less time than it would take for a traditional loan, you will have a money from a hard money lender Arizona.

Hard money loans are great when you are flipping a property. Why is that, you wonder? It’s because when you’re in the property you’ve borrowed against for less time, the added interest rate of 10 to eighteen percent won’t do a whole lot of damage to your profit margin and you will still come out on top.

However, know that most hard money lenders Arizona are asking for about twenty percent of the purchase price. This is average. Also know that, most likely, you will get 50 to 60 percent of the true property value and that gives you just a little more wiggle room. Good luck.

Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Arizona Hard Money the Best Way to Get Your Dream Home

Hard money lender Arizona

It used to be that if you were breathing and you had a pen so you could sign your name then you could get the financing you needed on your residential project.

Times have changed.

So what do you do nowadays if your dream is to flip a house? It is currently a great time to start buying those houses you want to flip –you know the kind; great up and coming location, kitchens that are twenty-years in the past and not in a cute way- and turning them into something wonderful for you and your family.

If you’re an investor with cash, this isn’t a problem. This is a great time. But what about those who don’t have the money, but have all the ambition? What do they do?

The past five years have brought new financial regulations and new, scary ways to lend money. So the banks that we used to turn to sometimes won’t even look at people who want to redo their homes because their credit score isn’t up to par. Even if banks don’t want to give you a loan, they won’t even tell you about other options for how to get the money. But we will tell you about those private money lenders Arizona when the banks won’t.

That’s where hard money lender Arizona come in. Arizona hard money lenders will help you, which is a beautiful thing especially in this economy and credit market where everyone appears to be struggling. When you get Hard Money Lender Arizona to help you out, you are cutting out the middle man, you are cutting out the difficult paper work, and you are cutting out the wait. You can get down to the business of creating a beautiful home with an Arizona Hard Money Lender. And the faster you get started, the faster you can begin making money when you sell the newly rehabbed home to other homeowners or private money lenders Arizona interested in renting out the home.

Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Some Great Ways to Make the Most of This Market

Arizona hard money

In a previous blog we mentioned that not being prepared, even in this up and coming recovering market, is a big no-no. You always have to be ready for anything, so stay on top of your game in this industry and get going with these tips for staying on top.

► Yes, housing numbers are looking better and yes, rates are still historically low (and we believe may stay like that for a while) but make sure you are always trying to build your client list. Don’t get stuck.

►Create a great team and a great niche. Building a team that is able to harbor the storm despite market conditions and interest rates is going to keep you going. Get your database organized and build those referrals.

►Use every opportunity. What use is doing nothing? The market share is here for the taking. While many will come and go with these generic spikes in refinances, the experienced and dedicated professionals (like ones who read all the blogs… hint hint) will have a big opportunity to gain more market share.

►Make sure you stay super informed and super involved. Being informed of how our business is operating from inside-out and how regulations will affect you and the clients you serve is great because it means you are educated on your line of work and that means you will better serve your clients.

So don’t get caught up being lazy just because you had one good year. You have to be clean, concise and constantly learning about how to grow your business. As the saying goes, “prepare for the worst and expect the best.” If things do slow down, you will have the tools to get everything back to speed.

You may have been in the game for some time, but it never hurts to learn a few new tricks or to go back and read some you may have already known. Sometimes, all it takes are a few quick pointers to get us going again.

Arizona Hard Money

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Let’s Talk About the Future of the Market

Arizona hard money

2012 was a successful and busy year for this industry; careers were being fueled by historically low interest rates and consumers refinancing their mortgages. We can say without a doubt that the majority of national production was derived from refinance business, but the future also looks bright. We’ve said it before and we’ll say it again; the housing market is finally growing. 2013 has continued to be a good year for our industry, but remember that this sort of good ‘luck’ takes work. This isn’t all happening by magic. So bottom line? Don’t get too comfortable and don’t get too lazy.

Make sure that you continue to be prepared in case people fall short of expectations and drop the ball. Don’t get left in the dark and don’t get left grasping for straws as you try not to drown if things go bad.

Getting caught off guard in the housing market can be a terrible thing. So work hard on prospection and marketing for yourself while also staying well informed on the industry and regulatory changes, such as by reading this blog, as this will allow you the tools necessary for finding your way out of the dark, should you have to. Don’t get caught in a problem that could have been avoided.

So while housing numbers are looking better and rates are still low low low low low, and thankfully, likely to remain that way for a while, you still need to building a marketing and prospecting plan to target people looking to buy a new home in your local market. Like we said, do not get too comfortable. Always keep moving. Always be sustainable. And always be ready to roll with the punches in these markets, because you never know when there will be a dip or when we will thrive.

Arizona Hard Money

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

LPS: Foreclosures Drop for 13th Consecutive Month

Arizona hard money

Following "first look" at May 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market, Lender Processing Services Inc. (LPS) has reported that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) is currently 6.08 percent. This means that the month-over-month change in delinquency rate is -2.11 percent. The year-over-year change in delinquency rate sits at -12.01 percent.

Meanwhile, it can be noted that the total U.S. foreclosure pre-sale inventory rate stood at 3.05 percent. The change in the month-over-month in foreclosure presale inventory rate was -3.91 percent. Additionally, the year-over-year change in foreclosure presale inventory rate was at -26.98 percent.

As for the number of properties that are 30 or more days past due, but not in foreclosure, we are looking at   3,043,000. However, the number of properties that are 90 or more days delinquent, but not in foreclosure stayed at 1,335,000. The number of properties in foreclosure pre-sale inventory hit 1,525,000 in May, while the number of properties that were 30 or more days delinquent or in foreclosure hit 4,569,000 in May.

Florida, New Jersey, Mississippi, Nevada and New York were the states with highest percentage of non-current loans in May, and the states with the lowest percentage of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.

Arizona Hard Money

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444