Featured Post

The Big Show is Coming to Town.

Don’t do it…it’s a big mistake flipping homes can cost you a lot of money . Every week the house flipping circus comes to town and adve...

Friday, August 22, 2014

Using Hard Money to Purchase Your Fix and Flip

Is Arizona Hard Money Right For Me?

  
Sometimes people get confused about Arizona hard money, but it shouldn't be so difficult because Arizona hard money can provide the short-term money that individuals need to fix up or purchase a piece of property.

Arizona hard money can come in two forms; hard money lender Arizona and private money lender Arizona.

Hard money lender Arizona refers to a group of people who do not use conventional standards to loan money to borrowers and by that it is meant that hard money lender Arizona is not affiliated with banks. The loans hard money lender Arizona gives out are non-traditional loans, which makes them easier to obtain.

Private money lender Arizona is an individual who wishes to give out non-traditional loans. This private money lender Arizona could be someone that you know or it could just be an investor that you’ve met with who wants to join you on your real estate adventure.

Whichever way you choose, Arizona hard money ensures that investments happen relatively quickly. Arizona hard money is a loan solution that is short-term and over quickly, so higher interest doesn’t really matter. The credit history of a borrower doesn't make a difference because the Arizona hard money loan comes from a non-traditional loaner interested less in the credit and more in the property.

If you are looking for a quick loan for the property you have wanted for quite some time now, it could serve you well to begin looking into Arizona hard money for the loan that you want and need. Instead of dealing with confusing banking rules, get together with a private money lender Arizona or a hard money lender Arizona group and begin to plan out the remodeling of your brand new property. 

You will be glad that you chose Arizona hard money lender.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Wednesday, August 20, 2014

What is hard money? Benefits of a Hard Money Loan.

What kind of Arizona Hard Money do I want?


There are two different kinds of Arizona hard money that is available to you. Both are exceptionally similar, but they each have different benefits to the borrower. The two types of Arizona hard money are Hard money lender Arizona and private money lender Arizona. It is easy to get confused by the two, they are both practical kinds of loans, but the following will explain how they are different.

It shouldn't surprise you to find out that hard money lender Arizona and private money lender Arizona are both based on assets and have more to do with the real estate you want to invest in than with your credit score. These are both also loans that are not bank affiliated, so they are easier to obtain than your traditional bank loan.

However, hard money lender Arizona and private money lender Arizona do have some differences. 

For example, hard money lender Arizona happens to be a group of people, while private money lender Arizona is just one individual who gives out the loan. Typically, with a private money lender Arizona, you know the person loaning you money, but that isn't always the case with the group of investors in a hard money lender Arizona.

Both loans have quick turnaround despite their higher interest rate, but because of this quick turnaround, the interest rate makes little to no difference. The loans are also more flexible than your traditional bank loans, especially when you use a private money lender Arizona.

Consider these types of loans as you decide on rehabbing a property. It could make all the difference to your project and stress you out far less in the interim. Consider the flexible and safe Arizona hard money loans. Whether you go private money lender Arizona or hard money lender Arizona, you will be happy with the outcome.


Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Saturday, August 16, 2014

The Benefits of an Arizona Hard Money Loan

Why Do I Want Arizona Hard Money?

Hard money lender Arizona and private money lender Arizona are similar, that’s true, but they are also different and sometimes people tend to confuse one with the other because investors sometimes use the terms interchangeably when they really shouldn't
.
While both hard money lender Arizona and private money lender Arizona are asset based loans that have more to do with real estate than the financial stability of the borrower, they are both also from non-traditional lenders, that is to say, they are nontraditional loans that are not given out by a bank.

So how are they so different? Well, for one, hard money lender Arizona happens to be a group of people, not just one individual as with private money lender Arizona, but these lenders are all licensed to loan money. It’s just a matter of what kind of lender you want.

However, Private money lender Arizona is just that, private. The private money lender Arizona could be absolutely anyone from family to a friend to your business associate or maybe even just a professional whom you were referred to. How you are funded is agreed to by terms set by the private money lender Arizona and nobody else. That makes the loan easier to obtain than say, a traditional bank loan. However, interest can be higher. However, since these kind of Arizona hard money loans are usually a quick turnaround, you don’t normally need to worry about that.

For this reason, private money lender Arizona can be more flexible than hard money lender Arizona as you typically know the person lending to you and you deal with them directly.


That being said, a lot of hard money lenders Arizona do get their funding from private resources, which is why the interest rate is often higher. Hard money lenders Arizona are also much easier to find. So go out and try to find it!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Friday, August 15, 2014

Do you need a Private Money Loan for your rehabbing project?

Are you ready for Private Money Lender Arizona?


Private money lender Arizona is among one of the best ways to fund your new rehabbing project in the real estate world, however some people are afraid of Arizona hard money. It can be a new term for people and it can seem intimidating, but we are here to reassure you that it can be the best thing that you do for yourself and your property.

For one thing, a private money lender in Phoenix Arizona isn't bank-related by any means. Private money lender Arizona allows you to borrow money from one person who believes in the real estate project you are doing. Meanwhile, a hard money lender Arizona is a group who will loan you the money you need for your real estate investment, much in the same way. It really is that simple so there’s no need to fret. Just choose whether you want a hard money lender Arizona group or the individual private money lender Arizona. Both will give you the tools and guidance to your property success. It just depends on what works best for you.

There isn't any need to stress about obtaining the money you need to be successful. Private money lender Arizona and hard money lender Arizona really want to help you succeed. While the interest rate can be higher, you must also remember that so is the amount of Arizona hard money a person can receive. So in the end, it does all even out. Moreover, the loan turnaround is so fast that the higher interest rate really isn't ever a big deal.

Don’t think twice about what kind of 

hard money loan you should get. 


Skip the traditional route and consider Arizona hard money for your next real estate investment. There won’t be any aggravation, no hassle, and your property will get the very best treatment it deserves. Look into Arizona hard money today.


Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Thursday, August 14, 2014

What is a Arizona hard money loan?

If you are looking into private financing but you’re confused about what Arizona hard money means then you have come to the right place. You might say that the easiest way to explain what a hard money lender Arizona or a private money lender Arizona is would be that they are both people who have access to money that’s easier to get to than applying for a bank loan. Their money is then used almost exclusively for real estate. However, hard money lender Arizona is usually a group of people while private money lender Arizona is just one person. Arizona hard money can be a great option for someone who doesn't want a bank loan because usually, you don’t have the loan long enough for the high interest to make a very big impact. Hard money Arizona is almost always a short-term loan.

There are  three main reasons why Arizona hard money is termed Arizona hard money and none of them have to deal with difficultly in obtaining the loan because in fact, an Arizona hard money loan isn't difficult to obtain. Instead, it’s called Arizona hard money for these reasons:

  1. Higher interest rates, but you have a fast turnaround time.
  2. Arizona hard money lenders determine what a property is worth in its best condition, but under some circumstances, will finance up to one hundred percent.
  3. Hard money lender Arizona gives money based on the value of the property but include repair costs into the loan. This is very unlike most traditional lenders who do not include the repair costs into the loan. Consider this is a great option for those who are planning on rehabbing the property.

Think of all of these great benefits as you consider Arizona hard money for your next rehab project.


Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Monday, July 28, 2014

Why Apply for an Arizona USDA Home Loan?

People are buzzing about USDA Home loans…but do you really know what they are all about? Why should YOU apply for an Arizona USDA Home Loan? These loans can benefit you in many ways, but you need to know the ins and outs before you get started.

It seems that there is an endless amount of ways to finance a home in 2014. There’s FHA loans, conventional loans, loans that require money down or no money down, loans for renovations, the list goes on and on. While you can find a plethora of information online about home loans, let me fill you in on an Arizona USDA Home Loan and why you should consider applying for one.

Arizona USDA Home Loan: What is it?

You’ll need to know the answer to this first before you decide whether or not you’d like to apply for this loan. The first thing you need to know is that this loan in particular has a lot of upsides with very little catches. That’s the truth! Let’s explore the history first so you’ll be able to better understand.
The USDA home loan was created by the US Department of Agriculture with farmers in mind. However, it has benefited much more than that specific group of people. The USDA wanted people who lived in rural areas and low income households to be able to achieve that American dream we are all looking for---home ownership. Thus, there’s nothing secretive about this loan, there’s nothing you need to worry about, and no reason to be skeptical.

The Arizona USDA Home Loan offers something that the majority of other loans do not—that is 100% financing. That’s right. No money down. So even if you have been scrimping and saving for a down payment, you can keep that money in the bank or put it toward something else on your home because the USDA loan will finance it all. What’s great about this loan too is that often times the seller pays closing costs. When the seller doesn't pay closing costs, the buyer can have those expenses rolled into the loan so you can literally move into a home without a single penny out of pocket. The first expense you’ll have to put toward your new home is simply your monthly mortgage payment.

Another upside to the Arizona USDA Home Loan is that the interest rates are remarkably low. The days of 10-20% interest rates are long gone and most people looking into this loan are able to finance a home for less than 7% interest. The USDA loan offers an entire percentage rate lower than other loans.

Perhaps one downside to the USDA loan in Arizona is that the areas where you are allowed to buy a home with this type of financing are very strictly defined. Since it is the US Department of Agriculture who developed this loan, it is only logical that this loan is offered specifically in rural areas. The USDA has a map on their website that describes which areas in Arizona are eligible. Don’t be distraught though, you will probably be very surprised to find that a lot of the areas you thought wouldn't qualify, actually do!

The only other downside to this loan is that there is a cap on your income. Essentially, you cannot make more than about 115% of the median income for Arizona. For Arizona in particular, that averages out to about $75,000 per year. But hey, if you’re making more than that, maybe you’re better off anyway!
It’s pretty easy to qualify for the USDA home loan Arizona. You’ll have to have your mortgage broker or real estate agent check your debt to income ratio and make sure it is low. You don’t want to be paying a lot out in credit card payments and other debts when you’re trying to make a purchase as large as a home. When you factor the payments for the home you’re looking to buy, you will only be able to qualify for the loan if it does NOT put your debt to income ratio above 30%. This means that your monthly mortgage payment cannot equal out to more than 1/3 of your gross monthly income. While frustrating to some, this is actually a really wise eligibility requirement because it keeps you from becoming “house poor” and upping your chances of foreclosure.

If you think a USDA loan might be right for you, don’t hesitate to call your mortgage broker and see if you are eligible. Although parts of it seem too good to be true, it really is a great option for home buyers (ESPECIALLY first time home buyers) to consider. With no money down, 100% financing, and low interest rates, you really can’t beat it!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027



Thursday, June 26, 2014

There are options for loans from a Private Money Lender in Arizona.

When is Arizona Private Money a good option for me?


There are times when Arizona Private Money is the best option for those seeking a loan. Usually it is when they need to turn to another source after a bank has deemed them to be too much of a risk. If you are unable to get a loan through the bank, finding a private money source may be the answer that you need! There are some things that you should know about Arizona Private Money before you decide, so that you can make an informed decision.

  • Arizona Private Money is a term in banking and finance that refers to lending money to a company or individual by a private individual or organization. While most usually think of a bank when deciding to borrow money, private money is offered by individuals or organizations. These certain individuals and organizations may have different qualifying guidelines then you would usually expect. There are higher risks associated with private lending for both the lender and borrowers.
  • For the most part, Arizona Private Money Lender may be close to the nation’s average interest rates, but in some cases you will find that it be extremely expensive. The higher interest rates usually occur when there is a larger anticipated risk. It is when there is a higher risk associated with the loan that the private money lender increases the interest rates. So in these circumstances your interest will be higher than the going interest rate. This is the risk that comes to both lender and borrower in a private money exchange.
  • Private money lenders can be found almost everywhere. Their object is to make an above average profit on the return of their money. There are some serious risks that come with that return, however. They may not be repaid, and often fear that they will not be paid on time. Many times they will quickly resort to legal action. In some cases of real estate, the lender will get a deed of the property in their name so that if they are not paid they can sell the house to cover the cost of the loan. They may also get insurance to prevent losses due to any catastrophe on the property. In these ways, Arizona Private Money lowers the risks that come with loans.
  • Arizona Private Money lenders are not able to work outside the banking laws, and are required to comply with state and federal usury laws. But they are able to avoid some of the red tape and regulation that banks must abide by such as banking exams. Private money lenders may also have a limit on how many loans they can give in a year within a single state before they have to get a banking license.
  • All who are interested in Arizona Private Money should take extra consideration. Many do not recommend private money loans for residential homeowners. Indeed, Arizona Private Money is usually only used for business capital. You should also have an accountant to advise you, as well as a real estate attorney to help guide and protect you. Often private investors do not have all the knowledge and understanding needed to work outside of a bank. Very often these agreements end up in court, so it is helpful to be well advised before it gets to that point.

How can I get an Arizona Private Money loan?

Many businesses and organizations will advertise that they offer Arizona Private Money loans. Be sure to check into their background and make sure that they are the kind of people or organization that you feel comfortable dealing with. Chances are you will be working with them for a long time. Many organizations are willing to take a risk on you with your loan; just be sure that you are willing to do the same. In the end, it is just as much your money as theirs.

How can I find a trustworthy Arizona Private Money lender? 

What are some things that I should look for?



Ask them if they belong to any organizations, such as the Arizona Private Lender Association, or APLA. That way they are somewhat accountable and you have a place to appeal to if needed, before going to court. It would also be helpful to look through their credentials, and check with others that have borrowed from them. Most Arizona Private Money lenders are honest and helpful, it just helps to make sure you are dealing with one of those.

Arizona Private Money loans are extremely helpful for those who the banks have declared to be too much of a risk. By following these guidelines you will be sure to be as well protected as you can, and to get the money that you need.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378