Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
What You Need to Get Your Arizona Hard Money Loan Approved Quickly
Arizona Hard Money Lenders will require certain things in order to approve your loan. Here’s a list of things you should have ready before you apply.Each Arizona Hard Money Lender is different from the last, but there are certain things that they will ask for across the board. These things will need to be provided when applying for the Arizona Hard Money Loan so having these in hand will help you get your loan approved faster so you can get to work on your investment property.
Purchase ContractIf you’re buying a property for fix and flip you want to have the purchase contract ready so it can be submitted as soon as your loan is ready for funding. You can lose valuable time by waiting until the last minute to get this done.
Title ReportWhen you’re applying for your Arizona Hard Money Loan the Lender can get their hands on the title report, but it’s better to come with that in hand.
Contractor BidsThe Lender will want to know what their Arizona Hard Money Loan is going to fund. Having written bids from your contractors will give them a detailed look at what is going to be done to the property and how much ... more
Are you on The Rain? Grow Your Network!