Never Get turned down by Hard Money Lenders in Arizona

Do your research so that you never have to be turned down by a hard money lender in Arizona again.

While getting approved should not be a problem with a hard money loan since loans are based off of equity and not by your credit or credit history as it is with a bank loan, there could be some trouble getting approved. This can be very upsetting, but please don’t give up. There are ways for you to adjust your approach and get the money you need.

Make sure you do a few things that could help you get approved the next time you look into a hard money loan in Arizona. First, you need to keep your deals at our below 65% LTV. That means that you are not asking for an amount that is more than 65% of your property’s value. But, that’s just the start. There is a lot that goes into hard money lenders in Arizona and their decision to help you out.

So, while it is important to keep that LTV at a reasonable amount, keep in mind that many lending institutions send out evaluators and appraisers to inspect properties on their own terms. They can do that because it is a private lender and not a bank. Don’t take it too personally. It’s not that they don’t trust you or your appraiser’s judgment, they often just need to see it for themselves before making their decisions.

Are you still getting rejected by Arizona hard money lenders in Arizona? Here are some reasons why that might be:

It can be upsetting to be turned down by a harsh money lender when you’re in a circumstance that seems terrible and never ending. However, they are doing their best to try to work with you. These hard money lenders in Arizona want to help you! It is just that they have to protect themselves as well.

It could be that you want money for a property in a shady or sketchy neighborhood. This is one thing hard money lenders in Arizona tend to shy away from and you will sometimes see this when you want money to fix and flip houses.

Remember that several factors are taken into account when assessing a neighborhood: crime rates, cleanliness, the real estate market in that area, percentage of ownership vs. rental, etc. This means you shouldn't plan on getting a large loan to fix up a mansion in the ghetto. It just won’t work.

Why not? Well, because Hard money lenders in Arizona want to see a return on their investment. That’s why they’re in the business in the first place; makes sense, doesn't it? The funds available for these loans come from private investors looking to make a profit on the money they aren't needing at the time. They need to know you can pay; if you can’t, you may not get approved.

Hard money lenders in Arizona are there to help you out, so understand their risk, do your research, and keep pursuing your loan until it works out.

Know Before you Borrow Arizona Hard Money

Try not to jump directly into an Arizona hard money loan even if it does sound tempting. We know that you might be in a desperate situation and in dire need to get some money for your home. However, as with any other investment dealing with a large amount of money, there are a few things you need to know before pursuing the loan.

An Arizona hard money loans is a great way to get quick money for a short term, and they can even be quite profitable for those borrowing the money. You may not know that usually, hard money loans are for residential or commercial properties, but can also be used for fix and flip projects and other real estate investments. Here are a few things to keep in mind before you pursue hard money:

Five Things to Think about with Arizona Hard Money

1. Be ready to negotiate. Research and understand what you are getting into. Then research every dollar, every penny, of the loan before you sign the agreement. There is a reason hard money lenders don’t post flat interest rates on their site—these loans are negotiable and no two loans are alike! Make sure to have all your papers in order and negotiate in a reasonable manner so that you can get the best deal for you and they can get the best deal for them.

2.  Before you borrow, shop around. Like buying a new pair of shoes, remember that you need to shop around. You definitely need to do your research before borrowing Arizona hard money. Don’t just push forward with the first lending institution you call. They may not be right for you. Explain your financial situation to a few lenders and see what they are willing to do for you. Find a lender with a good reputation!

3. Consult with professionals. While you can often feel at ease in the hands of an Arizona hard money lender, I would suggest consulting with more experts and people than that. Remember, lenders are in this business to make a profit, you need to know what kind of person you are dealing with, so make sure to seek out someone who is objective and eager to help you plead your case. An attorney or real estate agent can help you find lower interest rates.

4. Only borrow what you need! It can be tempting to ask for more than what you need to help you with some of your other bills. This can be a bad idea! You will always regret it in the long run if you have to struggle to pay bac the loan. More money results in more spending and more debt. Calculate the numbers, know what you need, and stick with it.

5.  Be honest with the loan officer. But, also remember that they are making a profit from you, so protect yourself. Don’t lie your way into a loan, however, that could lead to big, big problems for you down the line. Most Arizona hard money lenders are willing to work with you, so share your financial information with them and try to get the lowest rates.

Hard money is a great way to get money for property and real estate quickly, easily, and efficiently.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Financial Worries in these hard times might mean you should talk to an Arizona hard money lender

You can get your big money with hard money lenders in Arizona.

There are thousands of Americans who are struggling to make payments on their mortgages. This can cause a lot of stress and heartache for people who already work hard and try their best. Remember it is not your fault. These are difficult times.  However, there is good news for you. You can attain a loan of money to help you get back on your feet with hard money lenders in Arizona. Even as you read this, there are many lenders in Arizona just waiting to hear from you and help you get your feet back on the ground! They understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

Hard money or “private money” is much different than soft money. Unlike soft money, this

Arizona Hard Money

type of loan is comes from private sources such as a private investor's personal funds, pension plans, and other non-traditional sources. Possibly the best thing about hard money lenders in Arizona, however, is that they don’t base your qualifications of getting a loan by your credit score or credit history, but instead by the value of your equity.

You should definitely take advantage of hard money lenders in Arizona and apply today for a loan.

Don’t wait around. If you are currently having financial difficulties, then you should call immediately and get your head out of this water. Hard money lenders in Arizona wants to help you. The process of being approved for a loan is rather simple. Just make sure to have your financial records handy. All you have to do is the following:

1-      Call a hard money lender in your local area and explain to them your intentions.

2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

How to get money for your new home through hard money lenders in Arizona.

America is struggling. If you happen to be one of the thousands of Americans who are struggling to make payments for your mortgage, don’t stress! Try not to let your home go. Your financial stress is not your fault. Things happen. That’s part of life. However, if you are struggling, there could be some good news for you. Getting money for your home could be easier with the help of a hard money lenders in Arizona. With this hard money loan, you can get yourself back up, feel better, and keep your house. There are a slew of lenders in Arizona that are waiting to hear from you and help you! These Arizona hard money lenders understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

hard money lending arizona

You may be confused by what exactly a hard money or “private money” loan is. This is a type of loan is derived from a private source or private investor’s personal funds, pension plans, and other non-traditional sources. The other great thing about  hard money lenders in Arizona is that they don’t base your qualifications of getting a loan by your credit score/history, but by the value of your equity. So you can rest a little easier.

Take advantage of hard money lenders in Arizona and apply today for a loan.

Going through a financial struggle can be scary and upsetting. But believe us when we say that if you are going through a financially difficult time, there is a way out of it. You must never give up! Hard money lenders in Arizona won’t let you! And really, the sooner you call, the sooner you will have a loan. The process for obtaining a loan and being approved is only twenty-four hours total. That’s a lot faster than any bank! All you have to do is make sure you have your financial records handy and follow these steps:

1-      Call a hard money lender in your local area and explain to them your intentions.

2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-444

What should you know about Arizona hard money loans?

You may already know the difference between soft money and hard money. Soft money is an easier loan to obtain than an Arizona hard money loan because hard money is typically private money and that tends to come from less traditional areas, such as a private investor, whereas soft money is merely the opposite. With Arizona hard money, you are paying for the ability to get a loan based on the property itself, which your lender will come by and inspect before giving you the loan. Arizona hard money lenders are making loans to people based on properties that a bank would never consider lending money to because they believe in you. Additionally, remember that with a hard money loan, you are paying for money in a timely manner. If you need to close a property in any time between a week to two weeks, you will need that money fast. An Arizona hard lender knows that.  Your bank could never lend

Hard money lenders Arizona

that fast- if you were even approved.

What to know about Arizona Hard Money Loans -It isn't cheap!

Arizona Hard Money Lenders generally allow Real Estate Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). But don’t get too excited. Before you consider any particular lender in Arizona, make sure that you become familiar with their terms and rates and conditions. There are some things you will have to contribute money to; closing costs and of course, the ability to pay your debt monthly.  Moreover, a lot of these loans are asset-based loans. However, there are a growing number of Hard Money Lenders looking at your credit score. The main reason being that lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for.  It makes sense now that lenders would want to know up front if paying back the loan would be a problem.

Remember to do some more research on Arizona hard money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Want to get your hard money Arizona loan approved? Read on!

Here’s what you need to know about getting your hard money loan Arizona approved.

Finances can be hard and they can be complicated and above all, really frustrating. Traditional banks don’t understand or care about financial problems that you’ve had when you’re filing for a loan. Or, perhaps we should say, they care too much. That’s where hard money loans come in for when you find the dream house or business property that you really believe in.

We hope you will be more confident with your vocabulary of hard money loans after reading this article. If you are looking to purchase your dream home or property but don’t know how to do it, look no further than a hard money loan Arizona.  Hard money loan Arizona is fair to all those who reside in Arizona and presents opportunities to those who are in search of a hard money loan.

First, you need to find a lender near you. It is imperative you get to know the terms and rates of the hard money loan Arizona lender you are looking at. You have to absolutely make sure that you know what is available to you, how much you will need to put in the deal out of pocket, the maximum loan to values and the cost of the money.

A hard money loan Arizona has a lot of potential but you absolutely need to know the process before you begin.

Most hard money lenders are conservative in their values to ensure their money is safe and with the right person who knows what they’re doing with their property. That means, you will want to find a good piece of property and get together a good plan in order to get a good deal from your hard money Arizona lender. All lenders generally do their own property value method to determine the value of the property. Do not try to trick your lender into thinking the property is worth more when you negotiate with them.

In thirty minutes, if the property is good, then hard money lenders Arizona will have you up and running with a loan for your dream property in no time.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

If you have the perfect piece of property to build your dream house on, get yourself a hard money loan.

Have you found the perfect place for a home you’re your family can grow in, but you don’t have the money? Then an hard money Arizona loan might be the best thing that ever happened to you.

If you are looking for a piece of property for the intent of building your own beautiful home, but you don’t have the money, then look to hard money Arizona for the loan that could build your dream home. Remember that there are a lot of different hard money Arizona lenders out there and you should know some basics before you dig into a search for your new loan to build your new house. Know these things so you can take advantage of them.

In order to get the hard money Arizona loan for the property you have found, remember that each hard money lender will have one fo their specialists evaluate that property space with their own methods to determine the value. This loan is not based on credit at all!

You do need to make sure you do your work, too, however. Come prepared with a proof of funds list if you can, financial documents, and spreadsheets that provide details on the property. The more information for the hard money lender Arizona you have, the more likely you will receive the money you need. Hard money Arizona lenders are professionals who know the real estate business really well. That’s why they can give you the best loans that a bank simply cannot.

Make sure, however, to keep in mind just how many this loan will cost you and what profit you will make. Getting a loan is enough of a challenge, so make sure you are totally prepared.

In your spreadsheet, make sure to keep in mind to include all of the following costs: Purchase price, Rehab costs, monthly debt payments, points, title fees, Realtor fees, attorney fees, recording fees, property taxes, and insurance fees. These should be all costs that relate with your deal.

Hard money Arizona has its advantages. As long as you are smart with your choices and decisions, and come prepared, you will be happy with the end result.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

What every person should know about hard money loans

What do you know about Arizona hard money loans? Not that much? It’s time you learned!

To start, Arizona Hard Money Lenders generally allow Real Estate Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). This is without any credit or credit history checks, so don’t worry if you've been slacking a little, this will not effect your loan.

However, please note that before you consider any particular lender in Arizona, you really should be sure to be familiar with their terms and rates so you don’t have any trouble when you do get that loan you deserve for your dream house or business property. Obviously you will need to contribute by paying the closing costs and the ability to service the debt monthly.

Unlike banks, most of these loans are asset-based loans, not credit. However, while there is a growing trend of Hard Money Lenders looking at your credit score. You may wonder why this works out the way it does. We are here to tell you about the hard money lenders Arizona and that main reason is that lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for. So now lenders want to know if you can’t pay the loan off in this time period.

Please note, however, the difference between soft money and hard money. Soft money,a s the name might hint, is easier to obtain than hard money for several reasons. Hard money is typically private money and this loan comes from less traditional forms, whereas soft money is merely the opposite. With Arizona hard money, you are paying for the ability to get a loan based on the property itself.

Arizona hard money lenders are making loans to people and on properties that bank would never consider lending money to! It’s a really great thing. Moreover, you are also paying for speed! If you have a property you need to close in 7, 10, 14 days – do you think your bank would meet those times for a conventional loan? You are paying for the availability of funds in a short time frame so that you can have the home or property you love.

Remember to do some more research on Arizona hard money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Need a loan? Hard Money Arizona is the way to go!

Not everyone’s credit is fantastic. Sometimes bills slip through the cracks by accident… sometimes on purpose if you can’t always pay them. Does this sound like you? Is your credit score or history horrendous? That could make getting a loan difficult. However, this is only so if you go through a traditional bank. Instead, put your trust into hard money loans Arizona. With hard money loans Arizona there is absolutely no need to worry.

You are not alone. There are many people, like you, who have the same credit issues. We are going through a tough time!

You may have heard of the term hard money. It may even strike you similar if you have heard of “Private Money” or “Equity Loans.” These types of loans are unlike your typical loan from the more traditional route of a bank. Instead, these loans are loans that spring from private sources such as investor's personal funds, pension plans and other non-traditional sources for your new home, business, or commercial property. Arizona hard money lenders are available to help.

You could qualify for a loan. If you do, then you have the luxury of receiving your money within 24 hours from a hard money loan. This really makes it convenient for you so you can get started on building your home or project you have been planning for ever since you can remember.

Hard money Arizona is in your grasp! Here is how you can get one.

Having bad credit doesn't matter when it comes to your hard money loan. Hard money Arizona  is a fast, twenty-four hour easy turnaround and easy  process for attaining a loan. All you have to do is search for the closest hard money Arizona lender by you. Then begin your process. You will see how easy it is! The lender simply get to know you, ask you some questions, then come out for an evaluation of your property. It’s that simple!

When the lender has all the information they need, they tell you within thirty minutes if the loan is yours. That’s it! Just thirty minutes. No waiting games. No time wasted.

The faster you call, the faster you will have money in your hands.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

It isn’t too hard to get a great loan at up to 70 percent.

How do you get a great loan at up to 70 percent? That’s easy - get a hard money loan.

Just search for hard money Arizona loans.

Do you qualify for a hard money loan?

Maybe. Hard money lenders usually give our loans for the following reasons:

• You are building a new home
• You are in the rehab or fix/flip business
• You need short term financing
• Your credit is not so hot
• You are building a new office
• You are building commercial property.

But why a hard money loan? Why not a traditional bank loan?

Traditional bank loans are time consuming and a vast majority of the people who apply to one get turned down because bank loans are given out based on credit rating and your history. Hard money loans are not.

Arizona Hard Money

Hard money loans are from individuals with cash on hand, not banks, and based instead on several factors, none of which are credit based. The justification of lending you a loan is actually based on your equity and still not credit. Hard money loans Arizona is an easy way to attain money fast and quick. No credit required, which is nice in this day and age. With a loan that is based almost entirely on home and property and the project at hand, you can feel a little better and rest a little easier.

Want a hard money loan in Arizona? Just Google it! The rest is easy. Hard money lenders are in your area right now and just waiting to assist you with the loan you need to grow your business. Simply type hard money loans Arizona into an internet search and you will have everything you need to get a hard money loan in Arizona right at your fingertips.

To get the loan, contact the lender and give them your basic information, then the lender will come to the property to evaluate it and have you sign some documentation about your financial records. The hard money lender will go into action quickly. They are fast and will have an answer for you within thirty minutes. If you qualify for the loan, you can usually get it within 24 hours. It is that fast! 

Getting a Hard money loan in Arizona is simple! If you struggle with a bad credit score, don’t worry anymore. You can get a hard money loan and get everything you need to get that home or property you always dreamed of. 

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

GET OUT OF DEBT NOW! The Inflation is coming!

Get out of debt and get rid of the credit cards! Pay them off. Dennis Dahlberg is Level 4 Funding’s General Manager Hard Money Lender and he predicts inflation is making a come back. He stresses to make purchases, but only if you have the cash. Do not get into any debt! And if you are in debt, start trying to make your way out.

However, don’t start to think that one way of getting out of debt is to let your house go. Have you considered loan modification such as HAPR 2? It’s possible! Try it out.

If you let the bank foreclose and you do ‘bail out,’ remember that you will not be able to purchase a home for 5-7 years, maybe even never again because inflation will come back.

That means that the value of the dollar will and will drop and it will drop dramatically. This could this change maybe… like maybe if America chooses to cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%? But Dahlberg doesn’t think this will happen. Instead, Dahlberg the amount of debt in the USA will continue to grow. He believes you should hang on to your house if you can. Otherwise, in 5-7 years, you can see the cost of bread rise to $10, Gasoline to $25/gallon, and the average starter home price will be $600,000.

Dahlberg also encourages people to start a side business for the potential tax advantage and the possible income it could provide. He explains that your own side business is the LAST area the government has yet to attack. Make it simple and get going. An extra $400 per month really helps.

Dahlberg says he has spoken to a lot of people who feel that they can ‘let their home go and rent for awhile’. Why not, they say, as rental rates are lower than their mortgage rates. ‘We can save a lot of money by renting vs. paying the mortgage, and in 2 years we can purchase again and have a good down payment.’ You might say.

Maybe. But as we said before, it’s actually going to be 5-7 years before your credit report looks good enough to purchase a home again. And can you really save the money? Most people will spend the money on silly things. If hyper-inflation hits, like some economists predict, then you’ll be priced out of the market. Do you want to take the chance? Keep your home, do a HARP 2 loan modification, and hang on – the next 5-7 years are going to be enjoyable.

Dennis Dahlberg is General Manager of Level 4 Funding, with many years of flipping and fixing real estate experience. He knows what he’s talking about.

Is There Going to be a New Boom in the Phoenix Real Estate Market?

The inventory is too low and there are not enough buyers in the Phoenix Real Estate Market- this means that the Phoenix Real Estate Market is on the verge of a new boom in real estate values.

Dennis Dahlberg is Level 4 Funding’s General Manager Hard Money Lender and he predicts, "This boom is going to be different.” He goes on to say, "The last boom was fueled on greed of the consumer; this time it's going to be a supply problem. Over the past 6 years there was little construction or movement of dirt, leaving the Phoenix housing market starving for new homes. Additionally, home values are raising dramatically, and once the current home owners get above water (have equity) they are going to want to move up. We're going to have a trifecta or the perfect storm-no homes, pent-up demand, and record low interest rates. And if you throw a little inflation on top of the mix - watch out! Bam! its going to be a wild ride - a wild west ride!"

With the low inventory and way too many buyers, the market is lopsided and Dahlberg believes the Phoenix Real Estate Market is on the verge of a new boom in real estate values. Dahlberg has many years of flipping and fixing real estate experience so he has a very good grasp of the Phoenix Real Estate Market.

These findings are based on the data provided by S&P Case Shuller, the bottom is over and we are moving up again and this time it's going to be even bigger! (For a high resolution  [click here  Real Estate Values])

It appears the real estate market in the Phoenix area is heading up. But now some questions rise: Is it time to buy real estate again? How long will it take to come back to normal? Should I get out of the market and wait? These are not the easiest questions to answer but Dennis makes these recommendations:
-- Phoenix home values will not return to the trend line for another 1-2 years. Latest trend shows Phoenix back to the highs starting July 2014!
-- These upturn in values are due not to greed but instead to LACK OF INVENTORY AND RECORD LOW INTEREST RATES.
-- Keep your home if you can. Do whatever it takes to keep the current home. Once inflation hits, it could be difficult to get another.
-- Have you considered loan modification such as HAPR 2? It’s possible! Try it out.

If you do ‘bail out’ and you let the bank foreclose, you will not be able to purchase a home for 5-7 years, maybe even never again because inflation will come back. That means that the value of the dollar will and will drop dramatically. Could this change if America chooses to cut spending and raise taxes, cut medical/social security, and increase the tax rate by 45%? Sure, but I don't think this will happen. Instead, the amount of debt in the USA will continue to grow. The amount is very frightening. So hang on to your house if you can. Otherwise, in 5-7 years, you can see the cost of bread rise to $10, Gasoline to $25/gallon, and the average starter home price will be $600,000.

Should I Let My Home Go?

Dennis Dahlberg is Level 4 Funding’s General Manager and he has some thoughts. “With low inventory and too many buyers, we believe the Phoenix Real Estate Market is on the verge of a new boom in real estate values,” Dahlberg explains. He has many years of flipping and fixing real estate experience so he has a very good grasp of the Phoenix Real Estate Market. He speaks wise words.

Dahlberg goes on to say, “I've talked to a lot of people who feel that they can ‘let their home go and rent for awhile’.  Rental rates are lower than their mortgage rates, but we can save a lot of money by renting vs. paying the mortgage, and in two years,” says Dahlberg. This doesn’t seem like the best plan. Why not? You might ask.

Dahlberg has the answer. He points out that “If you let your home go, it’s actually going to be 5-7 years before your credit report looks good enough to purchase a home again.  And can you really save the money?  Most people will spend the money on toys.  If hyper-inflation hits, like some economists predict, then you’ll be priced out of the market. Do you want to take the chance?  Keep your home, do a HARP 2 loan modification, and hang on.”

Remember that even though rental rates are lower than their mortgage rates, it doesn't mean that letting your house go is the best option. Let us repeat that it will be 5-7 years before your credit report looks good enough to purchase a home again and by that time, it may be too late. Especially if hyper-inflation hits.  Some predict that at this rate, in 5-7 years, it will cost $10 to buy a loaf of bread.  Gasoline will cost $25/gallon. And the average starter home price will be $600,000.

That is a chance Dahlberg doesn't think many should take, especially if they have a family. Keep your home and do a HARP 2 loan modification. It will be worth it.  loan modification. It will be worth it. 

In or Out of the Phoenix Real Estate Market? What Should We Do?

Dennis Dahlberg is Level 4 Funding’s General Manager and he predicts, “With low inventory and too many buyers, we believe the Phoenix Real Estate Market is on the verge of a new boom in real estate values,” Dahlberg has many years of flipping and fixing real estate experience so he has a very good grasp of the Phoenix Real Estate Market.

If the Phoenix area is heading on up, that leads to some questions like, is it time to buy real estate again? How long will it take to come back to normal, or should people get out of the market and wait? These are difficult questions to answer. But Dennis Dahlberg has some ideas. He offers the following recommendations:

• Home values will not return to the trend line for another 1-2 years. Latest trend shows Phoenix back to the highs starting July 2014.
• The upturn in values is due to lack of inventory and record low interest rates.
• Keep your home if possible.  Do whatever it takes to keep the current home.
• Do a loan modification if you need to. HAPR 2 if you can.  It’s possible, but there are very few who are successful.
• If you ‘bail out’ and let the bank foreclose, you will not be able to purchase a home for 5-7 years, maybe even never again. Remember that because inflation will come back and this could mean that you will never have the money to buy another house.
• The amount of debt in the USA will continue to grow. The amount is very frightening.
• Get out of debt any way you can; get rid of the credit cards and pay them off.  Purchase only if you have the cash.  Do not get into any debt. Inflation will turn this into a nightmare.
• Start a side business.  It’s too difficult to explain why here, but the best reason is the potential tax advantage and the possible income.  Your own side business is the LAST area the government has yet to attack.  Make it simple and get going.  An extra $400 per month really helps.
• If you are able, purchase quality single family homes in a good area and turn them into rental units.

Remember these tips and you will be all set for the bran

New Real Estate Boom is Just Around The Bend

Level 4 Funding LLC, Arizona’s leading real estate company, is predicting that the “new boom time” is near. Real estate experts believe that this boom is going to be different from any other boom, which are typically fueled on greed of the consumer, but this time it will be a supply problem.

Dennis Dahlberg, Level 4 Funding’s General Manager predicts, “With low inventory and too many buyers, we believe the Phoenix Real Estate Market is on the verge of a new boom in real estate values,” He should know! Dahlberg has many years of flipping and fixing real estate experience.

Dahlberg goes on to say that over the past six years, there is little construction or movement of dirt, leaving the Phoenix housing market, which is starving for new homes. He also explains that as home values are going to rise dramatically, and once the current home owners get above water (meaning, once they have equity), they are going to want to move up. And who can blame them?

Dahlberg explains, “We're going to have a trifecta or the perfect storm - no homes, pent-up demand, and record low interest rates.  And if you throw a little inflation on top of the mix - watch out!  Bam! It’s going to be a wild ride - a Wild West ride,” states Dahlberg, who is basing his prediction on data provided by S&P Case Shuller.

The S&P Case Shuller’s data says the bottom is over and the market is moving up again. And like the return of any monster in a movie: this time it's going to be even bigger.

As we stated, the data further suggests the real estate market in the Phoenix area is heading up. That leaves the questions; is it time to buy real estate again? How long will it take to come back to normal, or should people get out of the market and wait? These are difficult questions to answer. Check back for a future blog about what Dahlberg thinks those answers are.

Drag Phoenix Hard Money

Phoenix Hard Money Lenders

While the amount of distressed inventory is still high above the normal level of under 5 percent, real estate pros must act like superheroes, roll up their sleeves, and tackle the task of clearing these sales as efficiently as possible.

What is a distressed listing you ask? A distressed listing is a home that typically sells for 15 to 20 percent below market value, which can then cause a drag on home prices overall according to data assembled by the NATIONAL ASSOCIATION OF REALTORS®.

There is an imbalanced housing market in Phoenix, creating a sharp price Phoenix hard money discount on today’s distressed sales. Back when the market was better, a distressed property might be snapped up at market value. However, right now in order to stabilize prices, the market needs stronger home sales volumes to reduce the number of homes on the market. A great sale on a home, resulting in home price growth, will create confidence in the market, but right now, roughly 22 percent of mortgaged home owners are upside down and refinancing to raise their hopes of coming back around.

The best way to fix the ailing housing market is for a stronger economy. Consumer confidence is closely tied to job growth and stock market gains as consumers are constantly citing job concerns –and therefore, money worries- as the main reason for not purchasing a new home.

Behind the Drag Phoenix Hard Money

However, in America, apprehension about the pential spread of Europe’s debt could reduce domestic economic growth. A lack of consensus in Congress over the deficit reduction plan, and a major revision to economic growth in the first half of 2011 combined to send stocks on a roller coaster ride in the second half of 2011. This can directly affect the future feelings on the housing market. In August, consumer confidence fell to its lowest level since the recession began in 2007. Now, neither businesses nor consumers appear willing to drive the economy because they are afraid, and who can blame them for being afraid of the housing market? Job creation has averaged less than 150,000 jobs per month over the last year, below the amount needed to absorb college and high school graduates entering the workforce.

That being said, the economy isn't the only factor restraining the demand for housing. Over the years, credit standards and down payment requirements have been ratcheted up in recent years at the FHA and government-sponsored enterprises; however, banks at least have raised their standards even further in an attempt to limit potential lawsuits. A direct result of this is that FICO scores on loans backed by Fannie Mae rose from an average of 719 in 2005 to a peak average of 756 in the second quarter of 2011. Likewise, FICO scores on loans originated through the FHA averaged 632 in the second quarter of 2007 but reached 700 in the second quarter of 2011. Outside of the FHA, it is said that down payments greater than 20 percent are the norm. Although traditional credit standards are a good thing, the pendulum has swung too far in this direction. Punishing quality borrowers for the mistakes of the past is not good for the health of the markets or the economy today.

Distressed Properties and Phoenix Hard Money: Shadow Inventory

Distressed Properties and Phoenix Hard Money: Shadow Inventory

Shadow inventory, or the cache of homes not yet on the market but already—or likely to end up—on the balance sheets of banks, the FHA, Fannie Mae, or Freddie Mac for sale is another factor in keeping the level of distressed properties high.

The Bright Side Phoenix Hard Money

However, in 2011, both MLS inventories and shadow inventory showed signs of easing. An estimated 3.5 million homes appeared on MLS’s across the country in September 2011. That’s 13 percent fewer than a year earlier in 2010. Meanwhile, the shadow inventory dropped from 1.9 million to 1.6 million, according to calculations by NAR researcher Selma Hepp from February 2010 to July 2011. This reduced inventory was partly a result of firming home prices and great employment growth that carried into 2011. Together, these factors lowered the national 90-day delinquency rate of all mortgages from the 5 percent we saw in the first quarter of 2010 to 3.5 percent in the third quarter of 2011.

That being said, unfortunately, the foreclosure rate remains ridiculously high. Moreover, a large number of properties that will eventually be sold were held up in the latter half of 2010 and early 2011 due to correct processing problems. Phoenix hard money lender.

Last year, short sales rose by 26,000 while foreclosures fell by 255,000, according to Hope Now, a mortgage industry alliance. RealtyTrac reported that September 2011 marked the 12th straight month in which foreclosure activity decreased on a year-over-year basis. October, however, saw filings spiked 7 percent from the previous month, and the month-over-month activity was much higher in the housing markets of California, Nevada, Arizona, and Florida, where the downturn was sharpest, as well as in markets where the judicial process held up foreclosure sales. A RealtyTrac press release from November of 2010 from CEO James Saccacio said, “The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we’ve been in for the past year."

Retooling is now underway for government programs aimed at helping struggling homeowners because these programs haven’t been as helpful as some would have liked. The Home Affordable Refinance Program program of November 2010, was revised with relaxed criteria that observers hope will double the number of home owners who will eventually benefit. Meanwhile, in order to reduce monthly payments, private loan modifiers have shifted their strategy. Now, the share of loans that are six or more months in default 12 months after modification have improved, from 58.1 percent in 2008 to 26.6 percent in 2010.

Remember, it’s not too late to make distressed sales something you can do for your clients. This special report you just read takes a closer look at how these distressed sales have changed since the carefree market of 2008 and also provides insights on how to run a successful short sale or foreclosure operation. Check out Phoenix hard money lenders.

How to get an Arizona Hard Money Loan

How to get an Arizona Hard Money Loan

The commercial real estate market in Phoenix, Arizona has been consistently following the national residential real estate market by about 12 months during the past five year ‘crash’ that has been going on. However, the market now is continuing to trend upward, and soon, the nation and Arizona will be heading back to a more regular market- the way we like it!

The Phoenix commercial real estate market will most likely see improvements over the next year as we catch up with the nation. Residential real estate will begin trending upward as well. Values are beginning to go sky high and prices are increasing at a trend rate that is almost straight up! 

Yes! Indeed! The real estate market in the Phoenix area is heading on up. Should you buy real estate again? Or get out of the market?

We predict that home values will not return to the trend line for another 1-2 years. Latest trend shows Phoenix back to the highs starting July 2015! That gives you a little time. Remember also that if you ‘bail out’ and let the bank foreclose, you will not be able to purchase a home for another 5-7 years, or maybe even never again! So be careful about your choices as the amount of debt in America will continue to grow, as prices go higher.

Remember that even though rental rates are lower than their mortgage rates, don’t let your house go just because you think you can rent. Let us repeat that it will be 5-7 years before your credit report looks good to purchase a home again.  Could you really save the money in 5 to 7 years renting that you wouldn't have otherwise? Some things to think about, especially since some economist predict that hyper-inflation is going to hit.

It’s inevitable that inflation will come back. That means that the value of the dollar will drop dramatically. That could be a little scary for you and your family. If this additional hyper-inflation does come to fruition like some economist think it will in the future, it means that you will be priced right out of the market. That is a chance I don’t think many should take, especially if they have a family. Keep your home and do a HARP 2 loan modification. You can get through this.