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Wednesday, December 26, 2012

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!

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