People do have options these days when it comes to their money lending needs so when it comes to a California Hard Money lender, why should you go with them.
In a perfect world, we would all be so rich we would not need to take a loan of any kind out to conduct business. However, the world is far from perfect, so it is good that California Hard Money lenders exist to help bridge the gap between our business dreams and reality.
When it comes to taking out a loan, there are several options available to someone in need these days. There are banks, of course, as well as private lenders, etc., but there are some that can be easier to work with than others.
There are certainly benefits for people in the Golden State to work with a California Hard Money lender.
Expectations When You Work With A Hard Money Lender
When you work with a California Hard Money lender there are certain aspects of the loan and the process involved in getting it that make this option more appealing than many of the traditional routes:
Application Process: when you go to the bank for a loan, it can take a long time to just fill out all of the paperwork not to mention how long you’ll have to wait for an approval or a rejection. The process with a hard money loan is often easier and more straight forward and have fewer hoop for you to jump through than many other types of loans.
Guidelines: the guidelines for hard money loans are often a lot less restrictive than other financing options. They are often more creative and be constructed to be more beneficial to the lender and the borrower.
Options: when it comes to financing options, borrowers will have more options with hard money lenders than with traditional financing routes. Access to the money is easier and applications are often approved relatively fast as well.
Quick Closing: is there anything more annoying than knowing you’ve been approved or will be and then it still takes forever to close the deal? With hard money lenders, this will not be an issue. This can be especially helpful if you need the money to cover an expense sooner rather than later.
The Biggest Benefit To Using A Hard Money Lender
Whether you are looking for a California Hard Money lender or one in another state, the biggest benefit to them is pretty universal. Unlike traditional loans that often rely on your credit score for approval, hard money loans are not restricted by your credit score. Hard money lenders are more concerned with the present and the property than the mistakes you may have made in the past.
This is not to say that they will approve anyone, but even if your credit score is terrible, you can still get approved. You will, however, be expected to provide a property of sufficient value to secure the loan.
Dennis 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.