Learn To Be A Fix and Flip Investor: Forget the Banks—Get Residential Hard Money Lenders

Saturday, April 13, 2019

Forget the Banks—Get Residential Hard Money Lenders

Forget conventional lending and their numerous stipulations. Residential hard money loans are able to fill a wide variety of finance needs for varying ranges of individuals with varying credit scores. Get funded through Level 4 Funding, your hard money broker. Find the residential hard money lenders that are right for you today. Finance in days what normally takes months.

Residential hard money lenders lend money to individuals who offer their homes as collateral. The equity in the borrowers’ homes will be used to back hard money lenders in the advent of failed payments. Residential hard money lenders are a great option for those unable to acquire a conventional loan since, sometimes, conventional residential lenders just won’t finance the needed amount or individuals just don’t meet certain financing requirements.

There are many reasons why people struggle obtaining conventional residential loans. One of the first factors is creditworthiness. Conventional lenders are adamant upon looking at credit history, looking into credit delinquencies, crossing Ts and dotting Is, and making sure that potential borrowers can provide the documentation, paperwork, income, work history, etc. to qualify for the money. While many are able to qualify for these competitive rates and get some of the lowest interest in the country, others are not. Others find themselves in a sort of lending limbo.

For these reasons, many individuals petitioning for residential loans are: those in need of a home and also looking to sell their current home; those who have faced bankruptcy, foreclosure, or short sale; those dealing with a troublesome property; those buying a house for the first time; those looking to refinance; those looking to remodel a personal home; and those looking to consolidate debt.

Residential Hard Money Lenders Create Opportunity

Bridge Loans are another category of residential hard money lending. Sometimes individuals have a mortgage and are looking to buy another home. The time it would take to get approved through conventional residential lenders along with selling the current home would take many months, a time period in which the newly desired property would most likely be sold. In this instance, residential hard money lenders allow individuals to buy anew home while waiting for the old one to sell. Sell an old home from the comfort of the new.

Get funded through Level 4 Funding, your hard money broker. Despite being rejected by the banks and credit unions, you can secure the financial backing you need by using residential hard money lenders.

All in all, residential hard money loans are useful because they fill a wide variety of finance needs for varying ranges of individuals with varying credit scores. Get funded through Level 4 Funding, your hard money broker. Find the residential hard money lenders that are right for you.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.