What Do You Know About Loan Service Centers?August 4, 2013
Flipping a House with an Arizona Hard Money MortgageAugust 4, 2013
If you are worried about your credit, but you still want to flip houses, take heart, there is a way to do that. Arizona hard money Mortgages made by private money lenders Arizona happen to be among the best ways for financing your new renovation projects when you don’t have the credit. Hard money lenders Mortgages make it possible to purchase great opportunities that you’ve had your eye on for quite a while even if you’ve been worried about the current state of your credit score. You don’t have to worry anymore.
So what are some things you should know?
- As we stated before, private money lenders Arizona are not really worried about your credit score. More than anything they are worried about your character. All they want is for the Mortgage to be repaid. They don’t want to know about your FICO score.
- Be realistic: Before you sign for your hard money Mortgage, be realistic about how long you think your project will take. One example of this might be, don’t take a three-month Mortgage term if you believe it will take you four months to do the home renovation. Relax and give yourself enough time to pay off this Mortgage! And don’t be afraid to ask for an extension on your Arizona hard money Mortgage if you need it.
Hard money lenders Arizona Mortgages aren’t as expensive as you think, especially if your turn around time on your home investment is super fast. So while these Arizona hard money Mortgages can cost more than a traditional bank Mortgage, the rates that private money lenders Arizona give are actually really great.
Arizona hard money Mortgages made by private money investors Arizona happen to be among the best ways for financing your new renovation project. Hard money lenders Mortgages make it possible to really take advantage of that house that you’ve had your eye on for quite a while even if you’ve been worried about the current state of your credit score.