What’s The Deal with Hard Money Loans?: All About Private Money Lenders

What’s The Deal with Hard Money Loans? All About Private Money Lenders

If you want to flip your home or simply rehab your home to be the dream house you always wanted, but you don’t have the credit for a traditional bank loan, it might be time to start looking for another way to get what you want. It might be time to consider new options like an Arizona Hard Money loan.

If you haven’t heard of hard money lenders Arizona, then continue reading, because we think you’re gonna like this: with private money lenders Arizona, you don’t have to worry about your credit score.

Not ever.

That might seem crazy, especially in this day and age with the economic landscape being as it may, but hard money lenders Arizona base your Arizona hard money loan entirely on the value of the property you have. That means that your Arizona hard money loan is not ever based off of the credit you may or may not have.

Seriously.

That’s something to get excited about. If you thought you couldn’t do what you wanted because the economy took a nose dive the same time as your credit, then start to think again about the changes you want to make because hard money lender Arizona wants to help you get the fastest loan you can get so you can start working on what you want faster.

While it is true that Arizona hard money loans are more expensive than your traditional loan, you have to think about why this might be so; the whole loan is faster than your traditional bank loan and just about as quickly as you are able to qualify, you've got the paperwork done and you’ll have the cash right in your hand so you can start working on your dream home sooner rather than later. Get your money from hard money lender Arizona. It will change your whole world.

If you are interested in private money lenders Arizona, it’s important to remember that while they do give you money like a traditional bank loan might have years ago before the economy tanked, hard money lenders Arizona have a different set of rules. For example, hard money lenders Arizona going to be asking for twenty percent of the purchase price of the property. Don’t be surprised, because this is actually really the average. More than likely, you will get 50 to 60 percent of the true property value and you can do so much with that in your rehab construction.

There’s a chance that you have been turned down for a traditional bank loan because of your credit score, but with Arizona hard money loans, you don’t need to worry about that anymore. Arizona hard money loans would be right for you if you’re flipping a house because all of Arizona hard money lenders base their loan values purely on the amount the house, home, or property that you want to flip or fix up is worth. Not your credit score.

No matter what your situation is, we believe that there is a hard money Arizona loan that’s right for them. Private money lenders are much more convenient and truly a great way to get all the money you want and need to flip your home without any of the hassles or worry of your traditional bank loan where you have to wait for an answer that may never come.

In addition to hard money Arizona lenders loaning money based entirely on the value of the home that is being used as collateral, these Arizona hard money loans are also insanely easy to qualify for. Don’t let a traditional bank loan intimidate you! Especially not when you can get an Arizona hard money loan easily.

Arizona Hard Money Arizona Mortgage Broker

Dennis Dahlberg
Broker/RI/CEO/MLO
Setabay
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027