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Are Owner-Occupied Arizona Hard Money Lenders Hard to Come By?
 There are many Arizona Hard Money Lenders out there, but only some of them are owner-occupied hard money lenders. Read on to find out why this is and what you can do about it.You’ve probably seen a ton of Arizona Hard Money Lenders that lend for residential and commercial properties. In research, you might notice that Arizona Hard Money Lenders that lend for owner-occupied properties are few and far between. But, why?
Compared to other types of loans, owner-occupied loans are more difficult for hard money lenders. Residential and commercial real estate loans have fewer restrictions than owner-occupied loans, making them easier for lenders to process and approve. These traditional Arizona Hard Money Loans can be approved very quickly and without the need for good credit or loan histories, giving them clear appeal.
Owner-occupied homes require much more work due to state regulations. When a borrower offers up his home as collateral for a hard money loan, he is giving the lender control over the property until the loan is paid back. If the loan is not paid back in time, the lender has the ability to take the property. Clearly, this poses a conflict if the home owner is occupying the property. ... more

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