Just as not all loans are alike, not all Arizona Hard Money Lenders are alike either. These tips will help you to select the best lender to meet your needs.
When you are shopping for a car or a new home, you would never just grab the first thing you find and not comparison shop. And when you are seeking Texas hard money lenders, you should follow the same thought process. There will be definite drawbacks and benefits to each of the different lenders and a smart borrower will always evaluate these pros and cons to determine which lender will best meet his or her unique needs.
One of the biggest benefits of hard money over a traditional loan from a bank is the fact that they often fund much more quickly. But there are no guarantees in this world, so you need to verify with each lender the time needed to process your loan request and the amount of time it will take to fund the loan once you are approved. When timing is critical, paying a little more for a faster funding loan can be a very wise choice, rather than losing out on a great opportunity due to slow finding.
The cost of the loan is always a factor for borrowers. No one wants to pay a penny more than necessary for anything, including a loan. So borrowers need to request a complete list of all of the lender’s fees and finance charges prior to signing any loan documents. This list should be given to you in writing and should show the total cost of the loan so that there are no surprises later. Reputable Arizona Hard Money Lenders are willing to provide this information up front and will not be upset when you ask for it.
Do Your Homework
No lender will admit to being hard to work with, overly demanding or very slow to return calls or correspondence. But all of this information is critical when you are selecting the best lender to meet your needs. Gather this type of information from references, testimonials, evaluation websites such as Yelp or do a Google search to see what past clients have to say about each lender. This information will tell you what you are really getting for your money in terms of professionalism and customer service.
Only Work With A Professional
Even though Arizona Hard Money Lenders are private lenders, there are rules and regulations that apply to the business processes and the actual lender. Be sure to check and make sure that each lender is licensed, bonded and insured to be working in the business. Each lender should also hold a current Real Estate Brokers License in the state that he or she is working in. verifying this information will not only help you to avoid scammers who are preying on borrowers, but it will also tell you that you are working with a reliable and knowledgeable professional who can provide you with the loan that you need as well as valuable information throughout the process.
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
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
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.
© 2016 Level 4 Funding LLC. All Rights Reserved.Copyright | Privacy Policy | *Terms & Conditions
No comments:
Post a Comment