Tuesday, August 2, 2016

What would you do without hard money loans?

Here are a few testimonials from actual clients that benefitted from a hard money lender California:

Robbie claims: “My company experienced a disastrous fire that nearly destroyed us. No conventional lender would help us. A hard money lender did. Because of them, we were able to borrow what we needed and continue in business. We were then able to settle our insurance claim, repay their loan and prosper…I will always be grateful for the help hard money lending gave to me, when no else would.”

Katie said: “I am very thankful to have found California hard money because without it I would not have a home of my own. They made all of my and my children’s dreams come true. They are very understanding and willing to work with you. Not everyone in the world has perfect credit or the perfect life but they can help. Thank you for everything. I am so grateful.”

Last but not least, a cook in Indiana said: “I believe I represent the view of many when I say that hard money lenders have been a godsend to our community for giving people credit when no one else will take the chance. After banks, loan companies and mortgage companies refuse to extend credit, people turn to them for help. These people often represent a high credit risk and takes on that risk when they make loans to them. No one is forced to borrow money from anyone under any terms the company offers. Each person is responsible for his or her own actions. They tell customers up-front about the interest rates and terms offered in each loan, just as any other lender would. I’m sure there are many who need his type of loan services but have not known about this door of opportunity offered.

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

Speed dating with hard money loans

In the world of finances and real estate loans, hard money lending is a lot like speed dating -- they are designed to be temporary, and the interest rate on an California hard money loan gives you an incentive to move on as quickly as humanly possible. First, interest rates are generally higher on a hard money loan. You should not be surprised to pay more than 10% APR or anything in the high teens percentage wise, and you can easily pay several times that. A hard money loan should be used to help with a temporary need, like flipping a property, not as something you’ll keep around forever like your student loans. You may not even have the choice to keep a hard money loan going for long. Most loans require you to repay in full within one to five years, so you have to plan ahead. In addition to higher interest rates, you’ll often pay more points to get a hard money lenders California. Five points or more would be reasonable, but you’d need a good reason to pay that much on other loans. Again, a hard money loan is a shorter-term loan, so you’ll amortize those points over a shorter period of time. They drive up your borrowing costs and like your cholesterol that’s not a healthy thing to raise.

Keep all this in mind when you walk into the office of a hard money lender. You want to diligently understand your own position as well as the position of the person sitting across from you.

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.

Sunday, July 31, 2016

Quick Answers to Quick California Hard Money Questions

Anytime your money is involved you need to know the answers to ALL of your questions. This is especially true with California Hard Money. If you’re thinking about an California Hard Money loan, you need to gather as much information as possible. Listed below are a few FAQs to California Hard Money loans.

California Hard Money FAQs

1. How do I get approval for an California Hard Money loan?

Getting approved is easy! Lenders don’t base your eligibility on credit score, employment history, or current income. In fact, you don’t even have to provide any financial information. All your lender needs to know are the logistics of your property. Hard Money loans are strictly equity-based, so you have quite a bit of leeway when it comes to eligibility.

2. What LTV (Loan to Value) ratio can I expect?

This number will be based on quite a few factors and determined on a case-by-case basis. However, as a general rule, most LTVS will be anywhere from 65% to 80% of the value of the home. This number can fluctuate greatly, but this is a good base to go off of.

3. What are the costs of California Hard Money loans?

All Hard Money loans are going to require a Title policy, insurance, and appraisal. These services do cost money--even up to a couple thousand dollars. Often times though, this will only cost a few hundred dollars. Most Hard Money lenders will not charge application fees or closing costs, so, by the time you even find the lender you want to use, most of the expenses have already been taken care of.

4. Do I have to put money down?

Most of the time, you do. Lenders need to feel confident in their investment, so they need to see that you have enough resources to cover the costs of the loan. Expect to pay a little bit out of pocket until the project is completed, but nothing that will break the deal.

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Labels: commercial hard money lender commercial real estate loan

How California Hard Money can be borrowed and used

The first and most common example of California Hard Money loans is a residential investment loan. This is for an individual person seeking a loan and the property purchased with the money is then used as collateral. Fortunately for the buyer, this eligibility for this loan is determined on the property, not on the borrower’s ability to pay.

Next, we have California Hard Money for commercial investments. This is for companies (small or large) looking to invest in property or in a “fix-and-flip” project. (This can also be done as an individual, but is a little less common.) In the residential case, your company might not have ownership of other property to use as collateral, so instead, they may accept interest in your company. Basically, the California Hard Money lender would be a part-owner of the business, at least until the project is completed and the money has been paid back to the lender.

Most California Hard Money loans are a bit shorter loans--about 6-36 months. When done correctly, both the lender and the borrower can actually profit. After you have revamped the property you purchased, you can turn around and sell the property for more than what you paid for it. Then, you pay off your loan, make the homebuyer happy, and you have a little extra cash in your pocket. If you play your cards right, you can actually turn this into a profitable income for yourself.

The possibilities are endless with California Hard Money!

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.

Technorati Tags: commercial real estate loan,commercial hard money lender,commercial hard money lenders

Labels: commercial hard money lender commercial real estate loan

Friday, July 29, 2016

Hard money – the truth and the fiction

Hard money is one of the leading forms of alternative financing, other than the black market, which is illegal, so don’t go there. When loans need to happen quickly, or when traditional lenders will not approve a loan, California hard money may be the only option. Let's review how these loans work, just in case you need a refresher. What Is Hard Money? Most loans require proof that you can repay them. I know, right? They don’t want some cracked out kids coming in, getting approved and then walking out the door. I mean, they were certainly doing this before the bubble crashed, but now they want to get all moral on your case.

Usually, lenders are most interested in your credit and income. If you have a solid history of borrowing responsibly and the ability to repay loans, you'll probably have no problem borrowing money.

If you can't qualify for traditional loans, hard money may be an option. Hard money lenders California give out a type of loan that uses an asset (or collateral) to secure the loan. Instead of evaluating a loan's risk based on your financial position, the lender makes sure that they can get their money back by selling your asset if you don't repay as agreed. This could be a nice car, a boat or even your own house. Don’t put your family at risk when considering one of these projects – it just isn’t worth it. Put up the summer home instead.

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.

Thursday, July 28, 2016

Making your dreams a reality through California Hard Money

You know when you’ve found it. It is the perfect size, shape, and color. It meets all the needs of your family, it is comfortable, inviting, and needs to be YOURS. When you find the home of your dreams, the last thing on your mind is playing the waiting game with your lender. And, sometimes when you do choose to play the game, you don’t get approved for the loan and the home has been bought out from underneath you. Believe it or not, there is a solution to this situation so many Americans find themselves in.

This is where California Hard Money comes in. California Hard Money loans are loans that are equity-based and processed and approved in as little as 24 hours. For the most part, Hard Money loans are funding for foreclosed homes and short sales, but can also be used for fix-and-flip projects or property/land purchases. Since the item you wish to purchase ultimately becomes the collateral for your lender, it is at their discretion as to whether or not they will approve your loan.

Most LTVs (Loan to Value Ratio) are anywhere from 60% to 80% of the home purchase. That means if you wish to buy a home for $100,000, you will be loaned anywhere from $60,000 to $80,000 worth of the investment. California Hard Money is a good way to put a lot of money down on a home and then pay it back rather quickly. This helps you avoid all the mess with banks having to check your credit, employment history, and pay stubs.

While interest rates can be fairly high for Hard Money loans, many are short-term (about 6-36 months) so they can be paid off quickly. When acting on a short sale or purchasing a foreclosed home, the money you save could definitely be the little bit higher interest rate you would pay for the loan.

Becoming eligible for an California Hard Money loan

The best part about applying for a Hard Money loan is that it couldn’t be easier to qualify. You simply contact a Hard Money company or lender, show them your plans and ideas, and you can get your California Hard Money in as little as 24 hours. Eligibility for California Hard Money is not based on credit, income level, or employment. In fact, the main determination in eligibility has nothing to do with you at all! It is all about the property you are looking to purchase. It just doesn’t get much easier than the process of Hard Money.

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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.

Technorati Tags: califronia hard money loans,california hard money

California Hard Money lenders are unique.

When you and your spouse decide to purchase a home, you are taking one of the biggest risks of your lives. Of course, if you live within your means and keep a strict budget then this would help you breathe a little easier. But, there are times where money becomes tight even when you are wise with your finances. Sometimes people have to file for bankruptcy and have their house foreclosed due to unlucky conditions whether it comes from losing a job, hard economical times, or got in a bad accident. But thank goodness for California Hard Money lenders. They can help you when you are falling behind on your mortgage by providing you a way to avoid bankruptcy.

They provide short term loans (3-36 months) to those who are in need of help with their finances. Hard Money companies are lenders who offer a specialized type of real-estate loans. Hard Money lenders generally have much higher interest rates than banks because they fund deals that do not conform to bank standards.

The last thing that we would want to do is go into foreclosure, or into big debt that seems overwhelming. One of the hardest things to overcome when faced with an obstacle such as this is to wonder how you are going to become free from the debt. Just because your past has been full of financial troubles, it doesn’t mean that your financial future is in a crisis. There is help. An California Hard Money lender can give you the quick loan you need to avoid bankruptcy and other troubles. Banks will always look at your credit score, credit history, and other components of your finances to give you a loan, but a Hard Money lender will not even look at either of those options.

California Hard Money lenders are with YOU.

As I had mentioned before, California Hard Money lenders will go where no bank would even consider. Rather, they are on your side. They understand your situation and will do everything in their power to see that you are rewarded a loan for a home or project you want. Most California Hard Money lenders loan money for buying a foreclosed or short saled home, home projects, or any other type of property or real estate investments.

The interest rates for most Hard Money lenders are higher than banks because they are taking a higher risk on you. But the good part about California Hard Money lenders is that the loan period is generally a lot shorter than banks. They average anywhere from 3-36 months. Remember that California Hard Money lenders will often approve you for a loan of up to 80% of the property’s value (though this number is usually closer to 60%) in as little as 24 hours.

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.

Technorati Tags: califronia hard money loans,california hard money

Beretta Only

Tuesday, August 2, 2016

What would you do without hard money loans?

Speed dating with hard money loans

Sunday, July 31, 2016

Quick Answers to Quick California Hard Money Questions

California Hard Money FAQs

How California Hard Money can be borrowed and used

The possibilities are endless with California Hard Money!

Friday, July 29, 2016

Hard money – the truth and the fiction

Thursday, July 28, 2016

Making your dreams a reality through California Hard Money

Becoming eligible for an California Hard Money loan

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California Hard Money lenders are unique.

California Hard Money lenders are with YOU.

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