Arizona Hard Money Loans
Private Hard Money Lenders
Rates from 5.99% APR*
Simple to Apply - Quick Application
No Up Front Fees
No Cost to Apply
You Will Get the Lowest Rates Possible
We Specialize in Fix in Arizona Hard Money Loans
• Fast/Easy Approval Process
• Up to 90% LTV + 100% Rehab*
• Funding in Days
• From $50,000 to $50,000,000*
• No Prepayment Penalties*
• PreApproved in 24 Hours
• Flexible Terms From 3 to 60 Months*
• Fixed Rate From 5.99%*
• Commercial/Construction Loans
• Business Loans/Fix&Fip Loans
• AirBnB Loans
• Rental Property Loans
Fix/Flip and Construction Funding
How to Work from Home with Arizona Hard Money Loans
Are you interested in making your own schedule? Want your office to be wherever you are? It’s time to seriously consider using Arizona Hard Money Loans to jumpstart your career at home. Learn how to make money at home with the right lending opportunities with this helpful guide.
Have you always wanted to make a real income at home but have never known exactly how to get started? With this helpful guide, you’ll be on your way to learning how top investors are making real money from the comfort of their own home. If you can send and receive email or answer the phone, you can start making real money with Arizona Hard Money Loans and investment properties.
You can make money with Arizona Hard Money Loans by: 1. Fixing and flipping investment properties. A hard money loan can cover all aspects of fixing and flipping a home! The right lending opportunities can cover the initial purchase of a property as well as labor costs and other associated charges. 2. Purchasing a vacation home and renting it out! Did you know that a vacation home can actually make you money? By renting out a potential vacation property when you aren’t using it, you can start making real money at home. Helpful resources are available to make connecting with potential tenants easier than ever. 3. Buying a rental property. A hard money loan can give you the cash you need to purchase a property that you can rent out to potential tenants.
Regardless of your prior credit history or credit score, you may still be eligible for a hard money lending opportunity. Hard money lenders aren’t looking at credit scores and credit history when they are determining a person’s eligibility to receive a learn. If you are ready to start making real money with property investing or by being a renter, there is no better time than now to get started.
Find potential properties and connect with investors all from your computer or laptop at home! With property investing, your office is wherever you are. Work from your cellphone and have the free time to get back to doing the activities that you enjoy. If you’re looking to “work” from home without ever feeling like you are actually “working”, hard money lending opportunities are probably the perfect choice for you!
Work Remotely from your Cellphone or Laptop and Make Money with Arizona Hard Money Loans
With hard money lending opportunities, it’s time to stop making excuses for yourself when it comes to getting started with property investing. Regardless of your credit score or current schedule, you can start making money with property investing.
Hard money lenders can give you the financial support you need to start purchasing properties to help you achieve your goals.
Hard money lending opportunities are changing lives and it is your turn to become a part of the movement. The time is now to start making money from the comfort of your own home.
Considering Arizona Hard Money Loans
In situations where you need to act fast, borrowing from a private investor may be a great option that speeds the lending process along as well as amplifies your ability to obtain property. Read more to find out if hard money from private lenders offer benefits that public lenders can’t.
Arizona Hard Money Loans are not offered by traditional lenders like banks, but by private companies and investors. Arizona Hard Money Lenders have higher interest rates and a shorter payback period. Because of this, they are often times used in competitive bidding for property or in the event of preventing a foreclosure.
While receiving a Arizona hard money loan often results in a speedy process, there are a few drawbacks to consider. First, it is important to consider that the payback period is short, usually only 12 months. Sometimes, though, it can be extended between two and five years. Furthermore, it is also important to note that these kinds of loans have a higher interest rate. Interest ranges from 10 and 15 percent, which is more than what a traditional lender such as a bank would charge.
However, unlike a bank, Arizona Hard Money Lenders impose less strict limitations. For example, banks will be highly concerned with your credit score and income history. Unlike a bank, Arizona Hard Money Lenders are concerned with the collateral and value of your property. Even if you have an imperfect credit score, Arizona Hard Money Lenders will be likely to work with you because they assess the value of the property with an LTV (a loan to value ratio). Some ratios can lead to investments as high as 75 percent of the property’s worth. What may be referred to as the “risk” they take with this is reflected in their interest rates and fees. While the expense may be a drawback, sometimes they are the only option for people who can’t receive funding elsewhere.
Meeting with Arizona Hard Money Lenders
Arizona Hard Money Lenders can be found locally. Sometimes they can be referred to you by a mortgage broker, but lists of Arizona Hard Money Lenders are always available on the internet. When committing, it’s important to always evaluate the legitimacy of your lender. If you have any concerns or questions, a real estate attorney may be helpful in identifying any major stipulations regarding loan fees, interests or rates. Under legitimate circumstances, relationships with Arizona Hard Money Lenders are transparent, flexible and individualized.
Deciding if Hard Money is Right for You
Arizona Hard Money Loans are not for everyone, but they can definitely lend a helping hand to people in financial need, specifically those who need to act fast to obtain a property or prevent a foreclosure. Not all financial situations will lend themselves to speedy benefit of hard money, and oftentimes it is those who aren’t able to obtain financial funding from banks that benefit from it. The short-repayment period and high rates cater to a specific market, but depending on your situation, they could be the right option for you.
The benefits and drawbacks of hard money loans
Hard money loans are a fantastic option for some people, but they may not be the right choice for everyone. Here's how to know if an Arizona hard money loan is a wise option for your situation.
If you're new to the real estate lending game, you might be wondering what an Arizona hard money loan is. Put in simple terms, they are short-term loans — typically anywhere from one to five years — that are an alternative to traditional mortgage loans. There are three main benefits of this type of funding:
- They're quicker. For most, securing a loan for real estate is a painfully slow process that requires the borrower to meet a variety of strict requirements. Hard money lenders are less concerned with meticulously verifying every detail of the borrower's finances and more concerned with the collateral. Because of this, the process can move faster and the borrower can jump on that hot property.
- They're more flexible. Most hard money lenders don't use the same set-in-stone practices as the mortgage industry. Instead, they focus on cultivating a relationship with the borrower and evaluating each case individually. As a borrower, that flexibility means you can speak to a real person and talk about terms that work best for both parties.
- It's easier to get approved. Because most people are using a hard money loan for an investment property, the collateral is the most important factor, not credit scores, income, or financial history. That means if you've got a line on a solid investment opportunity, your financial situation doesn't have to be the deciding factor in your ability to get funding.
Is a hard money loan right for me?
For people who will be able to make a profit fairly quickly on an investment property (think experienced flippers or first-timers working with a contractor), this type of funding is the perfect fit. However, it may not be the right choice for everyone. Because they are quicker and more convenient, they often come with higher rates than a traditional mortgage and may include origination fees.
Finding a hard money investor
To get your hands on the money you need to grab up that perfect property, you may want to speak with a hard money investor. He or she can sit down with you, help you understand your options, and find you terms that will work best for you.