If you have great credit and you’re looking to get a house then you will probably go to a traditional bank Mortgage since you are a well-qualified buyer, but what about those who can’t
get a traditional bank Mortgage? What if they want a new house? What then? That’s when it’s time to take advantage of hard money lenders or private money lenders. These hard money lenders offer a great opportunity to those who want a new house but simply do not have the credit because hard money lenders cater to those who can’t get a traditional Mortgage. In fact, private money lenders is probably the best partner that a buyer who has gone bankrupt or simply doesn’t have the credit could have.
Talk to your mortgage broker Arizona about the possibilities of finding hard money lenders if you wish to get an investment on your home. You could still get competitive terms and you don’t have to worry about your credit, just the property you need the Mortgage for.
Additionally, hard money lenders work fast. Your Arizona mortgage broker will even tell you this. This is a private money lender so they aren’t committed to regulations and paperwork that could take weeks or even months in order to decide if you get the Mortgage or not. This is perfect for people who need this Mortgage fast.
Even if you are looking to take over foreclosed or vacant properties, you will see that hard money lenders make this opportunity so much easier. It isn’t about credit, just about your ability to pay back the Mortgage. That’s all it takes. Ask your mortgage broker Arizona about the possibility of getting a hard money lender to help you out. It could be the best thing you’ve ever done for yourself and your property.Dennis Dahlberg