Improvement in May, Existing Home Sales Rise 4.2 percent

Arizona Hard Money

According to the National Association of Realtors, in May, there was happy celebration as existing-home sales improved and these numbers remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 4.2 percent to a seasonally adjusted annual rate of 5.18 million in May from 4.97 million in April, and is 12.9 percent above the 4.59 million-unit pace in May 2012. With housing numbers positive and expected to rise, you might, but that may not be the case. Despite this gain, don’t expect the number of homes available to gain unless new home construction also begins to grow. However, this could moderate the price of new homes in the future.

Right now, existing-home sales are at the highest level they’ve been since November 2009. That’s when we saw the market jumped to 5.44 million as buyers took advantage of tax stimulus. Sales have stayed above year-ago levels for 23 months, while the national median price shows 15 consecutive months of year-over-year increases. Fantastic, right?

Want some more numbers? The total housing inventory at the end of May rose 3.3 percent to 2.22 million existing homes available for sale. That represents a 5.1-month supply at the current sales pace, which is down from 5.2 months in April. The listed inventory is 10.1 percent below a year ago, when there was a 6.5-month supply. The national median existing-home price for all housing types was $208,000 in May, up 15.4 percent from May 2012. This is a brilliant six straight months of double-digit increases; the strongest price gain since October 2005, when numbers jumped a record 16.6 percent from a year earlier, 2004. The last time there were 15 consecutive months of year-over-year price increases was from March 2005 to May 2006.

Let’s hope this keeps up!

Big Daddy Dennis Arizona Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Up to Twenty Percent of Foreclosed Properties are Vacated

Arizona Hard Money

Recently, a report released by RealtyTrac stated that as of June, homeowners had vacated 167,680 foreclosure properties all across the US. This represents 20 percent of all U.S. properties that are currently in the foreclosure process. These are in addition to 544,274 bank-owned owner-vacated foreclosures homes nationwide that have been foreclosed on but not sold to a third party.

The report went on to say that of the total 167,680 vacant foreclosure properties nationwide, Florida had been documented by far the most of any state, with 55,503, accounting for 33 percent of the national total. Illinois posted the second highest total (17,672), followed by California (9,802), Ohio (9,723), and New York (9,173). Additionally, the states where the percentage of owner-vacated foreclosures was above the national average of 20 percent included Indiana (32 percent), Oregon (28 percent), Nevada (28 percent), Washington (27 percent), and Georgia (27 percent).

Meanwhile, Chicago documented the most owner-vacated foreclosures of any metro area nationwide, with 14,717, representing 17 percent of all properties in foreclosure, followed by Miami (13,901), New York (10,074), Tampa-St. Petersburg-Clearwater (9,998), and Orlando (5,569). Florida was mentioned again when the report stated that the state accounted for 85 of the top 100 zip codes in terms of total owner-vacated foreclosures, led by zip code 34668 in the Tampa-St. Petersburg-Clearwater metropolitan statistical area.

It also came as no surprise that lower-end foreclosures had vacancy rates that were higher. 29 percent on homes valued below $50,000 and 25 percent on homes valued between $50,000 and $100,000. Meanwhile 12 percent of homes valued $1 million or more were vacant.

Who played best in this game among the servicers? Bank of America and GMAC (Ally) had the highest percentage of owner-vacated foreclosures, with 23 percent. This was followed by Chase with 21 percent and Wells Fargo and Citi lastly tied with 20 percent.

Big Daddy Dennis Arizona Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Summer home improvement trends: Sixty Percent of Homeowners are Making Improvements this Summer

Arizona Hard Money

Here’s the thing: More than 25 percent of homeowners nationwide are upside down on their mortgages. Nowadays, more and more homeowners are choosing to stay in their homes and invest in home improvements and make the most of their situation. It makes sense, considering not only the economy but the market. In fact, 60 percent of homeowners plan to make a home improvement or addition this summer. These statistics come from Zillow Digs Summer Home Improvement Trend and Spending Survey.

The Zillow Digs trend expert, Cynthia Nowak, says, "Zillow Digs is a leading resource for discovering up-and-coming design trends as actual consumers and professionals are sharing and discussing what they like."

She goes on to say, "As we head into the long days of summer, we are seeing increased interest in outdoor spaces with very natural elements such as stone fireplaces, as well as bringing more light into bathrooms with clear glass on the walls and shower enclosures."

These home improvement projects depend on the age of the homeowner, however. The type of projects being done varies by age, life-style, and life stage:

For example, the younger homeowners with children will more than likely be planning on adding an addition this summer. The percentage of people making improvements to their homes vary as much as the ages.

► 18-to-34-year-olds: 71 percent

► 35-to-54-year-olds: 61 percent

► 55 and older: 51 percent

► Homes with children: 65 percent

► Homes without children: 57 percent

But how much are they willing to spend? That depends, too. Homeowners plan to spend a median of $1,200 on summer home improvement projects. Homeowners with children as well as homeowners 54 years of age and younger plan to spend one-third more ($1,500) compared to homes without children and those 55 and older ($1,000).

Big Daddy Dennis Arizona Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

 

The Facts: Sixty Percent of Homeowners want to Make Home Improvements

Fulfillment Service Center

Here’s the thing: More than 25 percent of homeowners nationwide are upside down on their mortgages. Nowadays, more and more homeowners are choosing to stay in their homes and invest in home improvements and make the most of their situation. It makes sense, considering not only the economy but the market. In fact, 60 percent of homeowners plan to make a home improvement or addition this summer. These statistics come from Zillow Digs Summer Home Improvement Trend and Spending Survey.

The Zillow Digs trend expert, Cynthia Nowak, says, "Zillow Digs is a leading resource for discovering up-and-coming design trends as actual consumers and professionals are sharing and discussing what they like."

She goes on to say, "As we head into the long days of summer, we are seeing increased interest in outdoor spaces with very natural elements such as stone fireplaces, as well as bringing more light into bathrooms with clear glass on the walls and shower enclosures."

These home improvement projects depend on the age of the homeowner, however. The type of projects being done varies by age, life-style, and life stage:

For example, the younger homeowners with children will more than likely be planning on adding an addition this summer. The percentage of people making improvements to their homes vary as much as the ages.

 ► 18-to-34-year-olds: 71 percent
 ► 35-to-54-year-olds: 61 percent
 ► 55 and older: 51 percent
 ► Homes with children: 65 percent
 ► Homes without children: 57 percent

Fulfillment Service Center

But how much are they willing to spend? That depends, too. Homeowners plan to spend a median of $1,200 on summer home improvement projects. Homeowners with children as well as homeowners 54 years of age and younger plan to spend one-third more ($1,500) compared to homes without children and those 55 and older ($1,000).

Best West Direct Fulfillment Service
23335 N 18th Dr Suite 120
Phoenix Az 85027

Do you want to make money with Arizona Hard Money in a fix and flip?

You may ignore anything that has to do with a loan nowadays because you might think you just don’t have the credit needed for that loan you really want. Moreover, you don’t want to be in any more debt.

However, do you know that you can actually make money with Arizona hard money loans? The profit is significant enough to capture your attention, we guarantee it. Don’t believe me? What if I told you that the average profit for one fix and flip project is right around $30,000? It can be done my friend, it can be done.

What are the five steps to Make Money with Arizona Hard Money in a fix and flip?

1. First off, find the property that you think will really charm you when it’s all said and done.  Make sure that you do your research. You are going to want to consult a realtor and become an expert yourself. Make sure to constantly gather knowledge on the real estate market and find out how it works so you are always prepared. One of the most important things to know is the ins and outs of real estate in the location you are thinking of investing in. Ideally, there will be a high demand for real estate in that area. Look for a home with room for improvement and potential.

2. Evaluate the property you want. Much like step one, this part can be tough. After you've found a potential property, you need to do a thorough evaluation of the condition and the price. Crunch some numbers and see how things add up.

3. Apply for an Arizona hard money loan. This sounds like the scary part but this is actually where things get a little easier. Applying for an Arizona hard money loan is simple, and strictly equity-based- your credit will not be checked. Try to get a loan that covers most, if not all, of the property’s listed price. You likely will not have a lot of extra money to throw around on the project, so ask for what you need on a loan.

4. Start your repairs. Congratulations! If you've made it to this step, the hard part is over. It means you have the loan and you have finished most of the paperwork and, if you have a passion for rehabbing properties and homes, this is your time to really show what you can do. Make sure to create a timeline for your contractors and stick to it. Try not to have all home repairs take longer than one month.

5. List the property. The last and final step is fairly easy. Consult an agent, and price it right. Don’t overprice the home because you know how much blood, sweat, and tears went into it—otherwise it will never sell.

Making money with fix and flip projects and Arizona hard money is truly an easy and rewarding experience!

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Do you need a loan? Here are a few tips on how to receive a Hard Money Loan from Arizona lenders.

There are soft loans and hard loans. You may be unfamiliar with a hard money loan. The basic definition is this: Loan approval is weighted mostly on the value and borrowers "equity" of the "hard asset" used as collateral with a lesser concern given to the borrower's credit rating. That means that you are borrowing against the property and not based on your credit rating whatsoever. That means the loan is easily approved and quickly granted to you. Usually within twenty-four hours.

This should give you a little bit of a better understanding of just what Hard money lenders in Arizona can do for you. They will provide you the loan you need for your business or personal use so you can get the property that you really want.

Here are some things you should look into if you are serious about the hard money loan in Arizona that you want to take out. Upon receiving your application, they consider the following:

·         Condition of the property

·         Length of the loan

·         Location of the property

·         Ability of the borrower to complete the project

·         Amount of work to fix the property

·         Amount of assets the borrower has to finish the project

·         Current and projected value when finished

·         Borrower’s information.

If you feel comfortable with all of this and where you stand with the above, then you will do well with a hard money loan in Arizona. 

A few facts about hard money loan lenders in Arizona.

This is just to go back over what was said before; hard money lenders in Arizona do not go by your credit rating in order to qualify you for a loan, but rather it is equity-based only. We can all breathe a sigh of relief for that! It’s okay if you have bad credit. You can rebuild your life and a hard money loan can help you do that. Another term this concept is referred to is “Private Money” or “Equity Loans.” These type of loans are unlike your typical loan from the more traditional route of a bank, but they are from methods such as private sources such as investor's personal funds, pension plans and other non-traditional sources. Arizona hard money lenders in Arizona are spread all over Arizona and other places around the United States to help you qualify for a loan. You can do this! And you don’t need a fantastic credit score.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix Arizona 85027
623-582-444

Simplifying Hard Money Loans in Arizona

Money lending is a difficult business to really understand. Have you been trying desperately to understand all the jargon being used around you when you try to figure out money lending? We are here to help. We understand that money talk is difficult and it can be hard to understand and that can leave you feeling not only confused but upset and overwrought. Here’s what hard money lenders in Arizona are all about.

Hard money lending is a unique process because it is real estate backed instead of being

Hard Money Loans Arizona

based on your income or financial past, so it doesn't matter what your credit looks like to a hard money lender in Arizona, that makes no difference. Usually, these loans are short term and tend to range anywhere from six to thirty-six months. A majority of the loans end up being even less time than that.

Usually, hard money lenders in Arizona is a loan only for property or real estate investments. That might sound a little limiting to you, but it actually is not. Hard money loans can be used for the purchase of your dream home, for an investment in a “fix and flip” project, or for a residential property investment. These are funded relatively easily and quickly as well. That means that you can get your money and get on with life in a timely manner.

How to snag that Hard Money Lenders in Arizona

The hard money lenders in Arizona want you to succeed. Just know that with any money lending institution, you need to be careful. You can’t trust anyone so you need to make sure you do all your research and have all your finances in order. You can’t trust just anyone. Know what you are getting yourself into by knowing the estimated value of the purchase you want to make and come up with a ball park figure of what amount of money you think will be lent to you. Do not ask for more money than you actually need. That would be a huge mistake.

Also remember that hard money lenders in Arizona are going to charge you a bit more interest than a regular loan, but keep in mind that a hard money loan is a significant risk on their part because they are lending to you without pay stubs, tax information, or any knowledge of your financial past.

If you feel that you may not be able to qualify for a traditional mortgage loan, maybe it is time to look into hard money loans.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Is Arizona Hard Money Really “Hard”?

You might be new to the term “hard money” and it might sound a little intimidating. Don’t let this scare you. It really isn’t, even though ‘hard money’ sounds a lot harsher than ‘soft money.’

In the world of loans, you may have figured out already that there is soft money and hard

hard money lenders Arizona

money. Without going into extensive detail, let’s just say the two are very different. One thing that is different is that Arizona hard money is based upon hard assets and not credit score or credit history. In all aspects, hard money is essentially the easiest loan for you to get approved for.

Remember that Arizona hard money loans are equity-based, not credit based, so it’s about the assets, not your credit, income, or financial history. It doesn’t matter how bad your credit is. Usually. However, some hard money lenders are going to want more information about you, just to make sure you can repay the loan, however, for the most part, they are more interested in the property you are looking to buy, not your history.

What Kind of Arizona Hard Money Loan is Right For Me?

There are a few different types of Arizona hard money loans. Of course, the first is a commercial hard money loans. This is for, as you might have guessed, commercial properties, not personal properties.

The second type of loan is a business hard money loan. This is where the loan is based upon the hard assets of a business such as accounts receivables or cash flows. Again, not about credit.

The other (and perhaps most common) is a residential hard money loan. These Arizona hard money loans are usually for individuals or families looking to fix up a property or purchase their dream home.

Please remember that an Arizona hard money loan is not a signature loan, or rather, it is not a loan without any assets whatsoever that’s based on credit score, work history, income, etc. If you’re looking for a signature loan, talk to your bank about that because that is not what hard money loans are. The whole purpose of a hard money loan is asking for a loan based on the property you are looking to invest in and getting that loan in a timely manner.

Talk to your nearest Arizona hard money representative to see if you qualify for this type of real estate loan today!

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Do you want a reasonable rate from a hard money lender in Arizona?

Hard money loans are great, but if you are doing your research, you know that their interest rates are high. This could be a definite turn off for you, but don’t let this deter you if you struggling and need the money. Just remember that getting a loan from a hard money lenders in Arizona is entirely different than getting a loan from a conventional lending institution.

There are no low interest rates in an Arizona hard money loan unfortunately. You may as why, so let us tell you; while Hard money lenders in Arizona do want to lend to you, you do have to keep in mind that they are taking a significant risk in doing so because they do not base their decision on your credit or ability to pay. It’s true, you can have absolutely terrible credit and still get a hard money loan. However, you will never see yourself get a hard money loan with a 3% interest rate. Ever. That is said without hesitation. Hard money loans are mainly short term and contain higher interest rates. The typical loan is anywhere from three to nine months—never the 30 year traditional mortgage. 

Don’t Let This Discourage You! You can still get a loan from a Hard Money Lender in Arizona!

It is true that the entire loan process is entirely exhausting and frustrating process. However, if you do everything correctly and see it to the end, you can be rewarded with a loan so you can keep your house or your property and your peace of mind. You don’t have to let the higher interest rates deter you from pursuing a loan, but do keep in mind that you don’t pay all that much in interest because the length of the loan is so incredibly short. This doesn't make a hard money loan any better than a soft money loan or vice/versa. You just won’t be spending tens of thousands of dollars on interest with hard money. Comparing the two types of loans is like comparing apples and oranges—just plain different. For the most part, hard money lenders in Arizona will likely not be offering you single digit interest rates. That can be a harsh reality to face, but it’s good to know.

Hard money lenders in Arizona tend to lower the interest rates for experienced investors, so if you’re new to the game, you may just want to hang in there for a while and feel it out and do your research!

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

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