Residential Arizona Hard Money Loans are, in fact, a great way for buyers to lock down funding without the tough qualifications required by traditional lenders.
Shopping for a residential Arizona Hard Money Loan is like shopping for a car. You can get the same vehicle at multiple dealerships, but you want to vet them out and pick the right one for you. Here are the items you should know about your residential Arizona Hard Money Loan servicer before applying for a loan:
Rates can vary from lender to lender and the rate is going to make a big difference in the amount that you pay.
How long is the life of your loan? How long do you have to pay it back?
If you are able to pay your loan back quicker you will want to know if there are prepayment penalties that will be levied against you.
Much like the interest rate, the origination fee can vary from lender to lender. This is cost that needs to be included in your investment budget.
Depending on the home you want to purchase and the amount that you have to put down for the loan, your LTV percentage will change. You’ll want to check the residential Arizona Hard Money Loan terms to see if your purchase qualifies for their LTV restrictions.
Call a Arizona Hard Money Lender like Level 4 Funding to get this information so that you can be prepared for your investment and apply for your loan with all of the necessary information.
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.