What are the typical items banks consider when lending money to a borrower? Any person who has tried to get a loan and has been denied knows the answer to this question. Credit, income, job history, and assets are usually how banks make their determination. What they don’t take the time to consider is that a few small mishaps can destroy credit, that not everyone’s income is consistent, and hte some people just don’t have much to show pertaining to their assets.
This is where the difference comes in between typical money lending institutions and California Hard Money. When dealing with California Hard Money, you are talking to private money lenders who understand these situations and are willing to help. This kind of money is loaned mainly for home purchases or renovations and is strictly equity-based.
Sure, good credit can help you in almost any financial situation. When it comes to California Hard Money, good credit can help you get a lower interest rate, but it does not determine your eligibility whatsoever. Still, the interest rate is mostly determined based on the length of the loan.
Believe it or not, you can get your California Hard Money loan approved in and walk away, cash in hand, in as little as 24 hours. You do not have to pay for application fees, closing costs, appraisals, or loan forms…you just find the Hard Money lender and let them do the rest! It just doesn’t get any simpler than this.
You do need an evaluation of the property, signed documentation, and a few other miscellaneous documents before the loan can be completed, but nothing too out of the ordinary. California Hard Money is a great solution for those looking to buy a home, renovate a property, or purchase a piece of land. What are you waiting for? Isn’t it time you considered California Hard Money?
Dennis DahlbergDennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.