Tuesday, July 12, 2016

Benefits of an California Bridge Loan

An California bridge loan is a specialized type of short term loan designed to help borrowers get cash fast and can be used to help you purchase a home. Knowing the risks, benefits, and ins and outs of bridge loans can help you make a smart decision.

An California bridge loans is a common way for home buyers to come up with a down payment when they are buying a new home while concurrently selling their current home. Most buyers rely on the sale of their current home to come up with the down payment for their new home, however, it is not always feasible or ideal to close on the current home first. In a perfect world, you close on your home at 9:00 a.m., have funds available by 10:00 and close on your second home before noon. But it very rarely works this way. More often, you close on your current home and have to find a short term rental for a month or two before you close on a new home. This is not only expensive, but it causes you to have to move twice and you are literally throwing money away by renting.

One solution to the problem is an Califronia bridge loan. A bridge loan bridges the gap by lending you the down payment for a new home that you then pay back once your home sells. The bridge loan is secured to the buyer's existing home. The funds from the bridge loan are then used as a down payment on the new home. Bridge loans are gaining in popularity as a down payment option because they offer flexible terms and are relatively easy to qualify for. Also, many lenders will not allow you to take out a home equity loan on a home that is listed for sale, so in many cases a bridge loan is the only option to come up with cash for a down payment.

5 Things to Know About an California Bridge Loan

Like any loan, a bridge loan has certain risks and benefits. Knowing all your options and going into it fully informed will help you risk less and benefit more. Here are five important things to keep in mind if you are thinking about getting an California bridge loan.

Qualification is usually an easy and painless process. Most lenders do not have set FICO scores or debt to income ratios for bridge loans. Instead, qualification is based on a complete picture of your finances and whether it makes sense to purchase a home before you sell your current one.
You will pay a higher interest rate. Like many short term loans, bridge loans have higher interest rates than 30 year loans. You usually have a grace period of 1 to 4 months depending on your loan terms and if you pay the loan back with proceeds from your home sale, you can usually avoid paying a lot of interest.
You have to be able to qualify for two mortgages. A bridge loan can help you with a down payment, but you will still need to qualify for two mortgages and be able to make monthly payments on both if push comes to shove. However, most mortgages don’t require a payment for the first month so if you sell your home quickly, you ca
Bridge loans can help you sell your current home more quickly. A home that is lived in is always harder to sell than one that is vacant and staged. By moving into your new home, you will give yourself the best chance of selling your existing home quickly and for top dollar.
You can find your new dream home without the stress of having to sell your existing home first. You don’t have to wait or make unattractive contingency offers. You can purchase your new home immediately which will usually get you a better price and help make sure you get the home you want.

If an California bridge loan sounds like a good option for you, find a broker or private lender today to get the process started today!

At Level 4 Funding we specialize in bridge loans and other short term loan types. Call our office today to schedule a consultation to find out if a bridge loan is a good option for you. Don’t wait on a slow market to buy your next dream home. Use a bridge loan to get into the home you need today.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

What kind of California Hard Money Loan Do You Want?

There are two different kinds of California hard money that is available to you. Both are exceptionally similar, but they each have different benefits to the borrower. The two types of California hard money are Hard money lender California and private money lender. It is easy to get confused by the two, they are both practical kinds of loans, but the following will explain how they are different.

It shouldn’t surprise you to find out that hard money lender California and private money lender California are both based on assets and have more to do with the real estate you want to invest in than with your credit score. These are both also loans that are not bank affiliated, so they are easier to obtain than your traditional bank loan.

However, hard money lender California and private money lender California do have some differences. For example, hard money lender California happens to be a group of people, while private money lender California is just one individual who gives out the loan. Typically, with a private money lender California, you know the person loaning you money, but that isn’t always the case with the group of investors in a hard money lender.

Both loans have quick turnaround despite their higher interest rate, but because of this quick turnaround, the interest rate makes little to no difference. The loans are also more flexible than your traditional bank loans, especially when you use a private money lender California.

Consider these types of loans as you decide on rehabbing a property. It could make all the difference to your project and stress you out far less in the interim. Consider the flexible and safe Arizona hard money loans. Whether you go private money lender California or hard money lender Califonia, you will be happy with the outcome.

California Hard Money

Califronia Mortgage Broker

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

How to Make Money With a California Fix and Flip: Renovation Tips From Hard Money Lenders California Investors Trust!

If you are looking to do a renovation on a fix and flip house and want to make a profit, you need to know that certain renovations will get you more bang for you buck than others. Take it from the experts, hard money lenders California rehabbers trust!

Most real estate experts know that Texas hard money lenders are there when investors need to purchase a fix and flip property. With liberal lending practices and little emphasis on FICO scores or personal finances, it is hard money lenders CAlifornia investors turn to to purchase investment properties.

Hard money loans are short term, asset based loans that can be used to purchase investment properties. Most commonly, they are used to buy foreclosure or auction properties at a good price that are then fixed up and sold for a profit. With years of experience in the fix and flip business, hard money lenders know what will help a property sell and what will not.

Top 3 Renovations Recommended by Hard Money Lenders in California

If you are looking to get the most bang for you buck, here are the top three ways to spend the cash from your hard money loan to make the most profit on your fix and flip.

1. Fix any major problems. When it comes to buyers looking for a turn key home, take it from hard money lenders California experts trust for loans and more, no one wants to see work. If you buy a home and it needs a new roof, make sure to put one on. The same goes for major systems like the HVAC or water heater.

2. Paint. Pick a nice neutral paint color and it will help attract buyers. If you need ideas on color, anything from beige to grey can look great. Don't pick anything too taste specific because, according to the hard money lenders Texas pros turn to, you want to home to appeal to a broad base of buyers.

3. Home staging. Investing a little in staging a home can pay you back big time. Staging makes the house look like a home and helps buyers picture themselves living there.

Take it from the hard money lenders California flippers trust, these small improvements go a long way!

When you are ready to take the plunge and buy a fix and flip, make sure you turn to Texas hard money lenders to help you along the way. You will be glad you did!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.L4f.com

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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Benefits of Finding the RIGHT California Hard Money Lender

Researching California Hard Money Lenders

Discovering an California hard money lender can seem like an intimidating task. In reality, you could be so deep in financial hardship, it's taking all your strength to keep your head above water. When you don't have anywhere to turn, California hard money lenders are there for you. After you locate the appropriate hard money lender for you, they could loan you the money you need in as little as 24 hours and set you on the course to economic freedom. There are a couple of methods to find the appropriate Arizona hard money lender and it is your responsibility to find the right one for you.

Initially, you have to determine the kind of hard money you are looking for. Are you a business owner wanting hard money? Or are you an individual who is thinking about a residential hard money loan? Choosing which class you belong to is the first step to take into consideration before looking more.

At that point, you need to crunch the numbers and decide exactly how much money you are in need of. Bear in mind that California hard money lenders will loan you up to 80 % LTV (loan to value), yet this quantity will probably be closer to 65 %. Keep your expectations somewhere in between that area and then begin your research. You most likely already have your investment in mind, so do the math. Don't request more than you actually need so you can keep your debt as limited as possible.

Finding the RIGHT California Hard Money Lender

What better way to begin than with everybody's tried and true method of research? You do not even need to get off the sofa-- just start with the internet. Use a search engine such as Google or Bing and enter the words and location you are looking for a hard money loan in. For instance, if you planned to find a lender in your region, you might type "California hard money lenders." Undoubtedly, several hundred (if not thousand) internet sites will pop up. This could be kind of frustrating if you are wanting to find the right lender quickly. Click on some of the websites near the top of Google and compare and contrast what you see. Make a few lists of items that seem legit to you and also keep track of those that seem a little sketchy. It isn't a lot of to ask to have your hard money lender have a legitimate looking internet site if they are going to be managing your funds.

One of most crucial things to bear in mind is that if it appears too good to be true, IT IS! Don't do anything you feel uncomfortable with, even if it looks like an excellent offer. Rely on that gut feeling of yours, even if it lender you select has somewhat greater interest fees. Don't allow your financially troubled circumstances lead you down a course that will be wrong in the long run.

When you find a usable lender, look up some client reviews. You could discover a lot about a lender by merely reading what other individuals' encounters have been like with them.

Happy senior business man making his notes at work Dennis Dahlberg

Broker/RI/CEO/MLO

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

Texas Tel: (512) 516-1177

Dennis@level4funding.com

www.Lff.info

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

California Real Estate is Moving Up Again. Your Making Money Now Baby!

Recent data shows that after a slight down turn in November 2013, home values for the southwest are moving higher again. There was a slight decrease, however the home values are now showing an upward trend. (Why did it slow down? Didn't the Government shut down and frighten everyone?)

This is great news and hopefully will continue through the purchase season this summer.

California Real Estate Values are Moving Up

Click here for a larger image.

Thank You
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC

I have a feeling that YOU are going

to have a Richer Life in 2014!!

Great things are going to happen to you!!

Get ready!! You are blessed!

Tel: (623) 582-4444 | Fax: (888) 279-6917
Email: Dennis@l4f.info
WebSite: www.l4f.info
California loan Broker
NMLS 1057378 | AZMB 0923961
23335 N 18th Drive Suite 12
Phoenix AZ 85027

Sunday, January 10, 2016

The Benefits of Using Hard Money Lenders Texas for a Self Employment Home Loan

If you are self-employed, it can be tricky to qualify for a home loan due to debt to income ratios and business losses. Using hard money lenders Texas can make the process easier and has many other benefits when it comes to qualifying for a self employment home loan.

For many Americans, owning their own business is a dream come true. If you are self-employed you enjoy many benefits both financial and otherwise. Most likely you are able to set your own schedule and you answer to yourself. You can work from home or whatever environment you may choose. You can set your own dress code and hours and take time off when you need it. You can also take advantage of many tax deductions to write off most of your business expenses. Everything from large equipment purchases to pens for you home office can be tax deductible which can help you save big come April.

While you may enjoy your tax savings most of the time, it can be a double edged sword, especially when it comes to qualifying for a home loan. Many times, people who are self-employed have tax returns that do not accurately reflect their actual income due to deductions. Sometimes it can even make it look like you lost money when you in fact had a good year. Throw in any debt you may have for business or personal purchases and your debt to income ratio can make you look like a huge liability to a bank.

For these reasons, many business owners find it difficult to secure a traditional mortgage from a bank. However, there are many other options to find a self employment home loan that will work for you. One key to finding a loan is to think outside of the traditional bank or mortgage broker and hard money lenders Texas like Level 4 Funding to finance your loan.

Pros and Cons of Using Hard Money Lenders Texas for Your Self Employment Home Loan

For many business owners, a private lender is their best chance of securing a self employment home loan. However, like any major financial decision, there are pros and cons that need to be carefully considered before making a decision.

Pro: A private lender often has a very short approval process. Banks and public lenders can take anywhere from 30 to 45 days (and sometimes more) to approve and fund a loan. If you need a quick loan to buy a property, this can be too long. Also, when it comes to a self employment home loan, traditional banks will likely have issues during underwriting and come back to you several times asking for more paper work, more proof of income, more documentation. Hard money lenders Texas can have you funds in as little as 1-2 weeks with significantly less paperwork.

· Con: Private loans are usually more of a risk for the lender. As such, you can expect to pay a higher interest rate for the loan.

· Pro: Easy to qualify. A private mortgage lender has more flexibility than a bank in terms of who they lend money to. Borrowers who have bad credit, a high debt to income ratio, or are looking for a self employment home loan will have an easier time qualifying with a private lender than with a bank.

Pro: Geared towards investments and investment properties. If you are self employed, you know the benefit of having your money work for you to make more money. Private lenders have short term loans that are geared towards investment properties and fix and flip houses.

Once you evaluate the pros and cons, it is easy to see that in many cases, hard money lenders Texas are the best option for your self employment home loan. Like all brokers, private lenders have to be licensed and they do have guidelines to follow to protect you and your investment. As long as you know that you will be able to make your monthly payments there is relatively low risk and a high reward for the self employed borrower.

Once you are ready to risk less with the best hard money lenders Texas has to offer, call us at Level 4 Funding to start your loan process today.

Stop waiting for a bank to give you the home loan you need. Take matters into your own hands and make your dreams come true today!

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

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Hard Money Loans Texas and Other Ways to Get a Loan with Bad Credit

If you have bad credit you may find it difficult to buy a home. By being proactive and taking certain steps to repair your credit, you can find loan products like hard money loans Texas borrowers with bad credit rely on to help make your dreams come true.

Bad credit can make getting a car loan, credit card, and even a job difficult. Although you may feel isolated, you are far from alone. According to recent statistics released by FICO Inc., the average credit score is about 670 which is considered a “fair” score. In addition, nearly one quarter of all credit using Americans have poor credit. So, although you may feel alone, there are nearly 42 million Americans who are in the same boat as you. Bad credit can also become a vicious cycle. You need to repair your credit by making on time payments, not one will give you the opportunity to make on time payments so you bad credit stays bad. You may begin to feel that the situation is hopeless.

One way to help rebuild your credit is by purchasing a home and making on time mortgage payments. If you have bad there are a variety of ways and programs to help borrowers with bad credit get home loans, including hard money loans Texas bad credit borrowers depend on. Since the housing crisis of 2008 there has been a rumor that only borrowers with perfect credit can be approved for home loans. However, with banks and lenders relaxing their credit requirements, more home loans are being approved at lower borrower credit scores. Some programs will even approve borrowers with a score as low as 500 as long as the borrower has some cash for a down payment.

If you have bad credit and are thinking about applying for hard money loans Texas, there are a few steps you can take to help make sure that you will qualify. First, make all of your rent payments on time. 12 months of on time rent payments can help when a lender is trying to decide if you are worth the risk in terms of a mortgage investment. In addition, start saving cash. Money talks, usually louder than credit alone. Having 6 months to a year of living expenses in the bank (including mortgage payments) will make it more likely that a lender will finance your mortgage. In addition, save up for a down payment.

Other Types of Home Loans Available to Borrowers with Bad Credit

The type of loan that you will be able to qualify for depends on how low your credit score is. If you have a score of 650 or higher, you have a possibility to qualify for a traditional loan. A traditional loan is a fixed 15 to 30 year loan with payments that will remain roughly the same for the entire loan term. Payments may fluctuate slightly based on property tax amounts but they principal and interest will remain the same. In order to qualify for a traditional loan you will need to put between 5 and 20 percent of the loan amount down.

If your credit score is less than 650, you can still find home loans that you can qualify for. While hard money loans Texas are a great option for many borrowers, there are other loan products that you can talk to your Texas mortgage broker about.

One of the main types of loans that can help sub-prime borrowers is an FHA loan. An FHA loan is a loan that is secured by the federal government. You will pay a fixed rate for principal and interest for a 15 to 30 year loan term. You will also pay mortgage insurance in the amount of 80 to 200 dollars each month, depending on the amount of your loan. You can qualify for an FHA loan with a credit score as low as 500 as long as you have between 3.5 and 10 percent of the loan value to put down.

If your credit is less than 500 or you don’t have the cash for a down payment or can’t be approved for other reasons, you might want to look into some less common mortgage programs like rent to own, seller financing, or having a cosigner. Just keep in mind that all of these programs do have some inherent risk and you should make sure you are well informed about the loan type going into it.

Find a mortgage broker to lend a helping hand.

A broker can help you start your home ownership journey. Call one today and stop letting bad credit define your home ownership goals.

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

111 Congress Ave |Austin | Texas | 78701

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Beretta Only

Tuesday, July 12, 2016

Benefits of an California Bridge Loan

5 Things to Know About an California Bridge Loan

What kind of California Hard Money Loan Do You Want?

How to Make Money With a California Fix and Flip: Renovation Tips From Hard Money Lenders California Investors Trust!

Top 3 Renovations Recommended by Hard Money Lenders in California

Take it from the hard money lenders California flippers trust, these small improvements go a long way!

Benefits of Finding the RIGHT California Hard Money Lender

Researching California Hard Money Lenders

Finding the RIGHT California Hard Money Lender

California Real Estate is Moving Up Again. Your Making Money Now Baby!

Sunday, January 10, 2016

The Benefits of Using Hard Money Lenders Texas for a Self Employment Home Loan

Pros and Cons of Using Hard Money Lenders Texas for Your Self Employment Home Loan

Once you are ready to risk less with the best hard money lenders Texas has to offer, call us at Level 4 Funding to start your loan process today.

Hard Money Loans Texas and Other Ways to Get a Loan with Bad Credit

Other Types of Home Loans Available to Borrowers with Bad Credit

Find a mortgage broker to lend a helping hand.

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