Do you want a reasonable rate from a hard money lender in Arizona?

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Do you want a reasonable rate from a hard money lender in Arizona?

Hard money Mortgages are great, but if you are doing your research, you know that their interest rates are high. This could be a definite turn off for you, but don’t let this deter you if you struggling and need the money. Just remember that getting a Mortgage from a hard money lenders in Arizona is entirely different than getting a Mortgage from a conventional lending institution.

There are no low interest rates in an Arizona hard money Mortgage unfortunately. You may as why, so let us tell you; while Hard money lenders in Arizona do want to lend to you, you do have to keep in mind that they are taking a significant risk in doing so because they do not base their decision on your credit or ability to pay. It’s true, you can have absolutely terrible credit and still get a hard money Mortgage. However, you will never see yourself get a hard money Mortgage with a 3% interest rate. Ever. That is said without hesitation. Hard money Mortgages are mainly short term and contain higher interest rates. The typical Mortgage is anywhere from three to nine months—never the 30 year traditional mortgage.

Don’t Let This Discourage You! You can still get a Mortgage from a Hard Money Lender in Arizona!

It is true that the entire Mortgage process is entirely exhausting and frustrating process. However, if you do everything correctly and see it to the end, you can be rewarded with a Mortgage so you can keep your house or your property and your peace of mind. You don’t have to let the higher interest rates deter you from pursuing a Mortgage, but do keep in mind that you don’t pay all that much in interest because the length of the Mortgage is so incredibly short. This doesn’t make a hard money Mortgage any better than a soft money Mortgage or vice/versa. You just won’t be spending tens of thousands of dollars on interest with hard money. Comparing the two types of Mortgages is like comparing apples and oranges—just plain different. For the most part, hard money lenders in Arizona will likely not be offering you single digit interest rates. That can be a harsh reality to face, but it’s good to know.

Hard money lenders in Arizona tend to lower the interest rates for experienced investors, so if you’re new to the game, you may just want to hang in there for a while and feel it out and do your research!

Private Hard Money Lender in Arizona

Sandy Cramer Hard Money Lender

Apple Wood Fund

23335 N 18th Drive Suite 120

Phoenix AZ 85251


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