Flipping a house is a lot of people’s dream. You may want to flip your house so that your family can live the way you always wanted to or because you hope to see it to a private investor. Whatever the reason is, the chances are you’re afraid to because the economy is so difficult.
Everyone complains about how in this economy, the credit scores are now completely topsy-turvy. This makes it very difficult to quality for a traditional bank Mortgage- you know, the ones everyone used to qualify for back in the day. It’s not as easy now, which is why we think you should know about private money lenders Arizona. We really believe that hard money Arizona Mortgage is the correct way to go.
Why is it better? It’s better because hard money lenders base your hard money Arizona Mortgage entirely on the value of the property you have, not based off of the credit you may or may not have.
Understand that now that means a hard money Arizona Mortgage is absolutely the easiest kind of Mortgage to get- and the fastest- for rehabbing your home or property.
Keep in mind however that they are more expensive than your traditional Mortgage. That being said, the flip side of that is that just as soon as you qualify, you can begin paperwork and in far less time than it would take for a traditional Mortgage, you will have your money from a hard money Arizona Mortgage. It is just that simple, there’s no need to stress.
Arizona hard money Mortgages additionally are also wonderful for when you are flipping your property. Why? Simple math; when you’re in the property you’ve borrowed against for less time, the added interest rate of 10 to eighteen percent tends not to damage your profit margin all that much. Everyone can let out a big yahoo!
Arizona Hard Money
Level 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027