How to Know if a Hard Money Lender Texas is Right for Flipping Your Property

How to Get the Most Bang for Your Buck: Texas Hard Money vs. Traditional Loans
October 20, 2015
What is a Texas Hard Money Loan and Do I Need One?
October 22, 2015

 

Texas 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 Texas 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 Texas lenders loaning money based entirely on the value of the home that is being used as collateral, these Texas hard money loans are also insanely easy to qualify for.
Additionally, as you will find out, a hard money lender Texas 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 Texas hard money loans are much more expensive than your traditional loan. Meanwhile, as soon as you quickly qualify for your Texas 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 Texas.
Texas 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.

 

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:     (512) 516-1177 

dennis@level4funding.com

www.Level4Funding.com


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027

 
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