Getting a bank loan is complicated but finding the bank is never very difficult. But not many consumers know how to find good Hard Money Lenders in Arizona.
When you are looking for a traditional loan, it is as simple as a few minutes on the Internet or even looking at the snail mail that is piled on the table to find an ad from a local or national bank. But finding good Hard Money Lenders in Arizona can require a bit more work. But following just a few tips will ensure that you find the lender that you need and can move forward with your hard money request.
The Internet is a good place to start when seeking Hard Money Lenders in Arizona. But you will want to do further research before narrowing your pool of potential lenders. Especially new borrowers will want to be certain that the lender specializes in hard money loans. This is because you will want an experienced professional lender to guide you through this process a few times. Reputable lenders will want to work hand in hand with you to ensure that you understand the process. This is how they will forge a long-term relationship with you for continued business, and this is what will be your foundation for long-term hard money lending. Along these lines, a local lender is always your best selection when you are new to the process. This makes learning the loan process much easier for both you and the lender.
As with any business associate or service provider, you will also want to verify that the lender is licensed and is in good standing with the Better Business Bureau as well as past clients. Asking for a list of references can be helpful but you should also do a bit more digging in financial chat rooms or with other real estate investor groups. This first-hand knowledge from other borrowers is important.
Get Terms In Writing
It can be complicated comparing all of the different options for hard money loans. But you need to work through each lenders terms and fees to know the total cost of each loan offer. Any legitimate lender will provide you with a full fee schedule in writing to allow you to verify the loan cost. If a lender is not willing to provide this information, then clearly, you should seek other options.
Selecting Hard Money Lenders in Arizona is just like selecting any other service provider. You need to invest some time and effort to learn about the lender, his or her business practices and the terms of the loan that is offered to you. Having all of this information will allow you to select the lender who will best meet your needs for affordability as well as the level of service being offered. As you gain experience in this form of lending, your need for hands-on service might diminish or you might even be willing to work with a remote lender. But always do your research to know who you are working with and what to expect.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.