You can be approved for Arizona hard money
What are the typical items banks consider when lending money to a borrower? Any person who has tried to get a loan and has been denied knows the answer to this question. Credit, income, job history, and assets are usually how banks make their determination. What they don’t take the time to consider is that a few small mishaps can destroy credit, that not everyone’s income is consistent, and hte some people just don’t have much to show pertaining to their assets.
This is where the difference comes in between typical money lending institutions and Arizona hard money.
When dealing with Arizona hard money,
you are talking to private money lenders who understand these situations and are willing to help. This kind of money is loaned mainly for home purchases or renovations and is strictly equity-based.
How to get approved for Arizona hard money
Sure, good credit can help you in almost any financial situation. When it comes to Arizona hard money, good credit can help you get a lower interest rate, but it does not determine your eligibility whatsoever. Still, the interest rate is mostly determined based on the length of the loan.
Believe it or not, you can get your Arizona hard money loan approved in and walk away, cash in hand, in as little as 24 hours. You do not have to pay for application fees, closing costs, appraisals, or loan forms…you just find the hard money lender and let them do the rest! It just doesn’t get any simpler than this.
You do need an evaluation of the property, signed documentation, and a few other miscellaneous documents before the loan can be completed, but nothing too out of the ordinary. Arizona hard money is a great solution for those looking to buy a home, renovate a property, or purchase a piece of land. What are you waiting for? Isn’t it time you considered Arizona hard money?