Category Archives: Texas home loan home loan Texas Blog 14: Do You Need a Mortgage Broker Texas?

Alternative Business Loans Arizona Entrepreneurs Best Option

Exploring alternative business loans, Arizona start up and small business owners could be surprised by their options. There are many reasons that an alternative loan could be your best choice.

Traditionally, when a business owner needs money to fund a startup or to grow a fledgling business, the first stop is their local bank. But there can be many hurdles to overcome when seeking a loan from a traditional lender. Alternative lenders provide business loans Arizona small business owners actually have a chance of securing and that is just one of the many benefits that they offer.

There are two main benefits to working with an alternative lender. The first is that the approval rates are much higher than a traditional lenders and the second is the fast approval and funding time frame. As an independent entity, there is not the mile of red tape to slog through with most alternative resources so borrowers enjoy a much better customer service experience for the most part and a higher success rate.

When alternative lenders offer business loans, Arizona borrowers will discover that the lenders tend to be more flexible on terms as well as qualifications for the loans. Alternative loans are therefore a good option for a business looking to finance inventory or for working capital which is not something that banks will approve. In addition, the alternative lender is not as likely to require that the business owner use personal assets as collateral for the loan. Which offers the borrowers more confidence in the lender and personal security as well.

Personal Credit is Not an Issue

Poor personal credit is often a factor that will derail business loans Arizona business owners are seeking. Banks are not willing to process a business loan without a deep dive into the personal financial status of the company owners and even some of the other major officers of the company. That is not an issue for alternative lenders as they are primarily interested in the merits of the business and not the owner’s personal finances.

Time is On Your Side

Anyone who has applied for any type of loan from a bank knows that the process can be long and arduous. A personal mortgage loan can take weeks to process. But a business loan application can actually drag out for more than three months. By the time a bank is willing to fund a business loan, the need for the money could be gone, the opportunity could be lost and the business could even be floundering. Business deals are often time sensitive, but traditional lenders tend to overlook that fact. Great opportunities to grow a business don’t appear every day, so business owners need to be prepared to act when the opportunity arises. Securing a loan from an alternative lender is a great way for an Arizona business owner to maximize an opportunity to expand, diversify or land a huge client that might otherwise have gotten away.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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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

Benefits of Non-Recourse Commercial Loans

There are many options to explore when seeking commercial loans. One of the factors which can reduce personal liability and risk of assets is a non-recourse loan.

As you begin to explore the options for commercial loans you will quickly find that there are two main categories for these loans, recourse and non-recourse. The more common of the two is the recourse loan which requires the borrower or borrowers to personally sign as the guarantor of the loan. This simply means that in the event of business failure or inability of the business to make the loan payments for any reason, then the guarantor is personally responsible to make the payments. Obviously, this presents a significant personal financial risk to the guarantor.

Non-recourse commercial loans do not require the borrowers to become personal guarantors of the loan. Therefore, these loans do not require the risk of the personal assets of the borrowers. This is one of the biggest advantages for any borrower. Knowing that a business failure means the loss of income is bad enough but to also be faced with the responsibility of personal liability on a commercial loan can be devastating. No business owner ever chooses to take out a loan which they believe the business will default on but there is always that rare possibility, and the added stress of personal liability. But a non-recourse loan eliminates that stress and potential issue.

An additional benefit is that non-recourse loans are assumable. This can be a huge advantage if you plan to sell the property in a few years or if a situation changes and you need to sell the property quickly. Currently, commercial lending rates are very favorable, but they are expected to increase. So the current loan rate is likely to be much lower than a rate which will be offered on a loan in a few years. So when you do decide to sell the property, you have the ability to offer to have the buyer assume your loan. This will be a great incentive for the buyers as the interest rate could be significantly lower than the current rate.

The Perfect Non-Recourse Loan Candidate

Non-recourse loans are most often used to purchase properties which provide a strong cash flow as the property is the only collateral. This means that even if the property is not the more visually appealing or if it needs a face lift, it could still be a candidate for a non-recourse loan. The critical factor is the cash flow. As long as the property is generating 1.25 times the proposed payment of the loan then lenders will be eager to offer this financing solution.

Great Benefits if the Fit is Right

Non-recourse commercial loans can offer a huge benefit for the right borrower and the right commercial property. Knowing that the property does generate a strong and steady cash flow allows the borrower to get a great loan and rate without having to personally guarantee the loan in the event of a business failure. It also provides added benefits to the borrower when it is time to sell the building by allowing the buyer to take advantage of a lower interest rate on the assumed loan.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

Texas Home Loans for bad credit: FHA Loans

The Federal Housing Administration is a authorities entity that may assist safe Texas Home Loans for bad credit debtors. The federal government backed loans typically supply bad credit score debtors in addition to first time house patrons a viable choice to assist in house possession.
When you have bad credit score, you have got in all probability been turned away by a financial institution when you utilized for a house loan. It’s possible you’ll suppose that proudly owning a house is inconceivable. Nonetheless, there are a variety of packages that may assist you to qualify for a house loan. The very best first step is to ditch the financial institution and discover a firm that makes a speciality of serving to people and households work out Texas home loan for bad credit. A great first cease is a mortgage dealer. Not like a financial institution, the dealer doesn’t really loan out the money for a house loan. As an alternative she or he retailers totally different banks that will help you discover the perfect loan for your buy and credit score scenario. This enables extra flexibility by way of the forms of loans that the dealer can discover in addition to lenders. A mortgage dealer or mortgage firm can act as your middleman and often get you higher loans and higher phrases than you could possibly get by going straight to a financial institution, particularly if in case you have bad credit score.
One loan sort your dealer will suggest is an FHA loan. An FHA loan is a program for Texas home mortgages for bad credit debtors. When you have bad credit score, an FHA loan could also be a great choice for you to safe a house loan. An FHA loan is a authorities backed loan. Every month you pay additional insurance coverage in opposition to default. The loan is secured by the Federal authorities so lenders usually tend to give them to debtors with bad credit score. With a purpose to qualify for an FHA loan you have to to have three.5% of the acquisition value to place down. Additionally, you will pay additional for month-to-month mortgage insurance coverage which may differ primarily based on the quantity of your loan. For a lot of bad credit score debtors an FHA loan is an effective path for homeownership.
The Federal Housing Administration doesn’t give out loans. With a purpose to receive an FHA loan you have to to discover a mortgage dealer, financial institution, or funding agency that’s licensed to provide out FHA loans. The FHA gives mortgage insurance coverage to the lender on their loans. This mortgage protects the lenders from losses as a result of house owner default. The lenders bear much less threat as a result of the FHA pays an insurance coverage declare to the lender if the house owner defaults on their loan the lender has to foreclose on the property. This insurance coverage makes and FHA loan a great program for bad credit score debtors as a result of a lender is extra prone to make a loan to a borrower with bad credit score if they’ve FHA insurance coverage.

Historical past of the FHA and Its Function in Texas house mortgages for bad credit score Debtors

The FHA was established in 1934 throughout the Nice Melancholy. The objective of the company is to assist all People buy properties and to assist stimulate the housing economic system. Within the 1940s the FHA helped finance house loans for veterans and army households. By the 1980s the FHA moved into falling house costs and made it attainable for house patrons to get financing throughout wanted throughout the recession. By 2001 homeownership in the US was at a file excessive. The FHA has insured over 34 million mortgages since its inception.

As illustrated above, the FHA has been within the house mortgage enterprise for over 80 years. It’s utterly self-funding and doesn’t require tax payer money or authorities bail outs. This makes it splendid for Texas home mortgages for bad credit as a result of lenders know and trust the company. As well as, there aren’t any surprises by way of rates of interest like there are in adjustable charge mortgages. FHA loans supply fastened rates of interest for 15 to 30 years. Nonetheless, remember the fact that you’ll pay mortgage insurance coverage every month. The quantity of this fee varies relying on the quantity of your loan. You’ll pay this insurance coverage till your loan to worth ratio is lower than 80%. Which means, you’ll have an additional month-to-month fee till you have got paid off 20% of your loan. If the worth of your house will increase dramatically you may look into refinancing to get rid of this month-to-month fee. As well as, there are specific mortgage preparations that may be made throughout your actual property negotiations to have the vendor pay a portion of this insurance coverage upfront.

Speak with a mortgage dealer to find out if an FHA home loan is an effective choice for you.
The Federal Housing Administration has helped many owners receive loans they in any other case could not qualify for. A mortgage dealer can stroll you thru the method of qualify for an FHA loan in addition to describe any funds chances are you’ll want. Name a dealer at present to take the following steps to buying a house.

Dennis Dahlberg
Dealer/RI/CEO/MLO

Stage four Funding LLC
Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917

www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701



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Get Yourself a Loan with a Mortgage Broker Texas

Are you contemplating getting a loan that can assist you repay your mortgage or to flip a piece of property? Are you afraid as a result of your credit score rating isn’t what it should be? There’s no want to fret as a result of there are methods round that. You will get your self a hard money loan from a mortgage broker Texas.
Texas Mortgage Broker
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What precisely is a hard money loan going to do for you? It offers you a sense of reduction. Your hard money loan shouldn’t be like a conventional financial institution loan that may go away you hanging for upwards of months at a time and even then could not ship the products. Your hard money loan can be given to you quick and you’ll get what you want as a way to chill out simply a little.
Financial institution loans can go away you in a lurch. There are piles of paperwork with a conventional loan and even then chances are you’ll not get the money you want. With a hard money loan, the loans are dealt out quick which means that you just get your money quick. One thing that may make anybody really feel relieved about their monetary scenario. You don’t have to fret about ready to your conventional loan. There’s a approach round it that’s a lot simpler than speaking to a financial institution.
As a substitute, what you need to do is have a speak with your mortgage broker Texasabout the potential of getting the money you want with a hard money loan. You don’t must undergo anymore, nervous that you just received’t have the money to pay to your property. You will get it quick if you and your mortgage dealer Texas plan on getting a hard money loan. Don’t hesitate to present it a probability. It might actually simply change your life for the higher for the higher in solely a second.

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Texas Mortgage Broker

Texas Mortgage Broker
Belief Deed Investing, Texas mortgage dealer

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC

Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701