Is my Arizona mortgage broker right? Do I need hard money?
Do I need a hard money lender?
A hard money lender
can be thought of an as investor who makes loans to people who need them. A hard money lender
makes these loans to people not based on their credit score, but based on the real estate that the money is going to be used for. This makes funding typically higher cost interest-wise, but that is a small price to pay when it comes to skipping over he trouble that banks often give someone who is applying for a loan.
Another plus side is that a hard money lender
doesn’t take as long to get you your money. Once documentation is done, turnaround is typically very quick. That’s one of the many differences between a private money lender
and a bank lender. Your mortgage broker Arizona
can even tell you that hard money lenders
base the money you get on the property that you are using as collateral. You don’t need excellent credit. You don’t need to worry. Your hard money lender
doesn’t mind. Instead, if you are having trouble, the hard money lender
may take control of the property until the money can be paid back.
Take some time to consider going with a hard money lender or as they are also known, a private money lender if you need money for your property. Don’t stress thinking you’ll never get that loan from the bank that you really need. You don’t need it. When you are looking to secure a real estate loan deal, go to hard money lenders first. It will be the quickest way to fix the money issues you are having. They will have the speed and security that you just can’t get with a traditional bank loan.
Call up your Arizona mortgage broker to look into your hard money lender loan today and get back to feeling secure about your property.
Arizona Hard Money
Arizona Mortgage Broker
Level 4 Funding LLC
Tel: (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 12
Phoenix AZ 85027