Category Archives: Arizona Home Loan – Vacation Time

How to Avoid Phony Hard Money Lenders

Some phony hard money lenders have ruined it for a lot of lenders in the industry, as now many are looked at as money sharks. It is important to steer clear of the fake lenders and only deal with the real ones that you can trust.

There are many respectable hard money lenders out there and you can easily spot the fakes one if you pay attention to the red flags. Nothing can be a bigger sign than poor grammar and misspellings in the actual documents. This is one of the biggest signs that you are probably not dealing with a lender in the United States. It is always a smart move to work with a local lender. Also, be cautious of the number of types of loans they offer. You want to find a lender that specializes in hard money. It is usually a scam when a lender offers multiple types of loans like business loans, personal loans, home loans and car loans all in one place.

When it comes to a hard money loan, it usually requires some form of collateral to secure the loan. If you get an unsecured loan, that could be a sign of trouble. You never want to deal with those and also be wary of having to pay any large upfront payments. A large amount required at the beginning of the process is always a bad sign. Usually, only a small amount should be required as upfront payment.

A very low interest rate, ranging between 2 percent to 4 percent, along with no requirement of monthly payments, is also a sign that you should probably not deal with those hard money lenders. There is such a thing as too good to be true and these types of terms is usually what that means. Also, avoid lenders who do not have any websites or establish company emails. Scammers are known to use generic emails like Yahoo, Gmail or Hotmail. There should be no reason that you need to search hard for any proof of their reputation.

All reputable lenders will have a website that contains basic information about them.

It is always a good idea to do your research and homework on any company that you decide to work with when it comes to dealing with finances. The website should always include information about where their physical location is, contact information, information about recent loans they have closed on and reviews. Scammers will often not have a website at all, or try to include as little information as possible. If you are still unsure, you can always check on their licensing. It is not a requirement to be licenses with the Better Business Bureau, but it is always a good sign when they are.

Pay attention to all of the documents and offerings.

Reputable hard money lenders will always be upfront about the programs they offer. They usually provide a sheet listing their terms along with a commitment letter. If you are being pressured on the spot to make a decision right away, then you should probably look for another lender. You will usually be given enough time to do your own research to make the right decision.

Dennis Dahlberg
Level 4 Funding LLC  Private Hard Money Lender
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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Get the Arizona Home Loan You Need

Need a Bigger Home
Home Loan for a New Home
Are you in the marketplace for a hard money loan for your home? An Arizona residence loan doesn’t should be troublesome to come up with these days. Whereas we’re conscious that instances have been powerful and folks have had some hassle with their credit score stories, it doesn’t imply it’s important to quit hope with regards to getting the money you want on your property and that’s the place a hard money lender is available in.
Exhausting money lenders are also called private money lenders they usually will help an individual down on their luck get the money they want a lot sooner than a conventional financial institution loan. A standard financial institution loan is one thing that not many individuals can come up with anymore as a result of on account of the economic system, credit score scores did tank for a while. In case you are fearful that that’s ruining all of your possibilities of getting a home loan Arizona, you might be mistaken! There’s a strategy to get the money you want however you do should go about it in a means that’s unconventional by most requirements and that’s with a hard money loan that permits you to use your hard property as a substitute of your credit score rating to get the money that you just want proper now.
Arizona Home Loan
Need a Larger Home

Don’t trouble ready for the financial institution. We’ve got the Arizona home loan that it is advisable to get you proper on observe over again. By no means waste one other day worrying. Look into Arizona residence loans from a private lender at the moment and also you’ll be so grateful that you just did. Every little thing could be again the means you want it to be with none of the problem of a conventional loan.

Get began in your Arizona home loan at the moment. It would make all the distinction.

FHA and USDA Home Loan
Arizona Home Loan FHA USDA Specialists
Dennis Dahlberg
Stage four Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027