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Arizona Hard Money Lenders: How to find the Real Deal
Arizona Hard Money Lenders are the go-to source of financing in the flipping business, for plenty of reasons. While the days of pay-day loans and NINJA mortgages are long past, alternative financing, including hard money, remains largely unregulated. Are the waters of fix and flip funding teeming with loan sharks? No, but it is in your best interest to learn some classic signs of bad actors.
In the end, your lender will make money from your down payment, interest payments, and loan closing costs. An unscrupulous lender will give you money, as your loss, in the end, is their gain.
Before signing on the dotted line, try to get a read on your lender. Look out for a few things, how open are they when it comes to discussing your deal regarding fees, pre-payment penalties, your own projections and the amount of money they're willing to give you?
A lenders willingness to discuss these issues tells you how interested they are in your success.
Unscrupulous Arizona Hard Money Lenders shy away from discussing fees and pre-payment penalties.Is your lender vague about closing costs or third-party fees? You might be ready to make an offer on a house, and then all at once, the lender might ... more

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