Have you ever heard of Owner-occupied Hard Money Loans in Arizona? If not, you’re about to learn all about them.
With Arizona Hard Money Loans, you have to use property with equity to secure it. Since lenders who provide these types of loans do not care about credit history, income, or savings, they need a way to ensure they will receive their money back. If they didn’t, people would just take their money all of the time and not pay them back. They would lose all of their money and then not have any to help other people out with their financial struggles.
When people use property to secure an Arizona Hard Money Loan, they are more likely to pay back the loan because they don’t want to lose their money. The lender sells the property if the loan isn’t paid back according to the terms of the loan.
Now that you know about how property plays a role in Arizona Hard Money Loans, you will be able to better understand Owner-occupied Hard Money Loans in Arizona. These loans are secured by property the borrower lives in. The property is owner occupied.
This may seem obvious because most people only have the property they live in, but that’s not entirely true. Many people have other properties they own that they use for the Arizona Hard Money Loan. However, not everyone is that lucky so they need to use the one they live in.
Arizona Hard Money Lenders know that using property ensures that they will get their money back, but they know this to be even truer when it’s owner occupied. No one ever wants to lose their house that they are living with because they didn’t pay back their loan.
If you own your own home and it has equity, you are set to get an Arizona Hard Money Loan. All you have to do is give the lender the information on the property, and they will check it out. Once they verify that it is available – meaning it really is yours and not the bank’s and that it has equity – you will receive your money.
Don’t wait around for a bank to loan you money. Get the money you need in the next couple of days or sooner with our lenders. All you have to do is reach out to us and we will help you.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.