Arizona hard money loans are based purely on the value of the house, home, or property that you want to flip or fix up. It’s as simple as that. For every home renovator worried about their credit (so, all of them), know that a hard money Arizona loan is definitely the way to go. Private money lenders are definitely the best way to get what you want faster than your traditional bank loans.
Need more convincing? 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.
Additionally, as you will find out, a hard money lender Arizona
loan is also the fastest loan you can get. From property appraiser to signing papers to beginning your project, an Arizona hard money loan is the fastest kind of loan you can get, which means that your project gets to start sooner rather than later. Hello, new kitchen! Goodbye loan fears.
Keep in mind, however, that Arizona hard money loans
are much more expensive than your traditional loan. Meanwhile, as soon as you quickly qualify for your Arizona hard money loan
, you are basically halfway to starting on your dream home. You can begin paperwork and in far less time than it would take for a traditional loan, you will have a money from a hard money lender Arizona.
Arizona hard money loans are great when you are flipping a property to create a home property that is worthy of a great owner. That is because when you’re in the property you’ve borrowed against for less time than say, if you were living there, then the added interest rate of 10 to 18 percent from the hard money loan won’t irritate your profit margin that much, so you can still make a fantastic profit.