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Arizona Hard Money Loan Funding: A Step By Step Look
The Arizona Hard Money Loan process goes step by step. Here’s a look into the roadmap of funding a Arizona Hard Money Loan.Arizona Hard Money Loans vary from Lender to Lender , but the process will be very similar no matter who you’re working with. It’s a similar process to getting a traditional loan funded, but without the strict guidelines for credit and debt to income.
There will be tweaks and differences between a Arizona Hard Money Loan and a traditional loan. Here’s the step by step process of a Arizona Hard Money Loan from beginning to end.
IntroductionYou’ll first speak with a Lender about your idea for the Arizona Hard Money Loan. This will include a project pitch that will introduce them to your plan so they can decide if it’s an investment that they want to make. Not only will they ask about your renovation plans, but they will also want to know about your portfolio as an investor, asking about things like past fix and flips or financial investment history.
UnderwritingThis is where you’re going to see the nuances between a traditional loan and a Arizona Hard Money Loan. Rather than taking 30+ days to fund, a Arizona Hard Money Loan moves ... more
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