Level 4 Funding

Phoenix Arizona Hard Money Lender

Getting Started on the Arizona Hard Money Process


Affordable Ways to Finance Your New Home or Project: Arizona Hard Money

Have you found your dream home, but in the back of your mind you know it’s just a dream? Maybe it sits on a river bank, far out from the hustle and bustle of the city, and that wrap-around porch just need a fresh coat of paint. With Arizona hard money you can take that dream to the next level and make it a reality. And, it’s surprisingly affordable on your part.
First things first, remember that Arizona hard money loans are equity-based. Your approval is determined based on the value of the home or property—not necessarily on your ability to pay. That little known fact can be a huge relief to buyers.
Next, understand that interest rates are going to be a little higher than you’re used to. That’s the tough part. However, keep in mind that Arizona hard money loans are normally very short—usually about six months (or somewhere within the range of three to nine). The higher interest rates tend to even themselves out in that way.

Getting Started on the Arizona Hard Money Process

Getting started can be the hard part. It takes motivation to put yourself out there and risk rejection. But, once you take that first step, you’ll be surprised at how fast you can get the ball rolling. In fact, you can have your Arizona hard money within one day of application. 
Don’t put the cart before the horse. Find your nearest hard money lender and investigate the process a bit before making that commitment. Ask lots of questions, read the fine print, fully understand the commitment you are about to make. Once you decide to go through with the process, your hard money lender will take care of the rest. 
They will estimate the value of the property based on location, condition, renovations to be made, etc. Then, they will normally approve a loan of about 60-70% of that value. They will need some information from you, but nothing compared to traditional money lending associations. 
Financing your new home purchase could be a lot more manageable than you previously thought. Get started on the Arizona hard money process today.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on December 22, 2012 by in Arizona Hard Money.
%d bloggers like this: