Hard money lenders typically give out Mortgages to those who want to either upgrade or build a new home/business office both for residential and commercial property. Listen closely, what makes hard money lenders different from traditional banks is that they are usually individuals with a lot of hands on cash and they base the justification of lending you a Mortgage by your equity instead of your credit rating/history. There are several factors that go into play when they base your Mortgage. Hard money Mortgages Arizona is an easy way to attain money fast and quick. You may get up to 70% of the Mortgage value. Hey, that’s better than nothing, right?

So the Mortgage is primarily based on the home/property that the project is to take place. The condition of the property, location of the property, the borrower’s ability to complete the project, and amount of work to fix the property (if applies) are all determinants to how much money you will receive for the Mortgage. The length of the Mortgage is generally around 6 months.

There are several, if not tons, of hard money lenders available in your neck of the woods to assist you with a hard money Mortgage. Just type hard money Mortgages Arizona in an internet search engine and you will instantly have results for several lenders in your area. Typically, the steps to applying for a Mortgage is quite simple. First, contact the lender and give them some basic information/details, next, the lender will come to the property to evaluate it, and then you sign some documentation regarding some financial records. They are really fast and can have an answer for you within 30 minutes from the time of the evaluation. If you qualify for a Mortgage, you can receive the Mortgage anywhere from 24 hours.

Hard money Mortgages Arizona just got even easier! So if you are one who struggles with a bad credit score, then a hard money Mortgage may be just what you need. Make sure to find the right lender for you so you can have a new home/property that you have always dreamed of having.