The 3 Benefits of a Private Hard Money Lender in Texas

The economy has made traditional lenders a little worried about your credit score. Many real estate investors are finding themselves unable to purchase investment properties due to a bad credit score or unfavorable debt to income ratio. If you find yourself in this situation, you are not alone. That’s why Texas hard money loans made by private money lenders Texas are among the best ways to get started flipping that house today, even when you don’t have the credit you once had. With Texas Hard Money loans, you actually don’t need to have perfect or even good credit. Take a look at this three facts you might not have known about private money lenders Texas. 

1. Like we said above, with private money lenders Texas, don’t worry about your credit score. Your lender sure isn’t! Instead of worrying about your credit score, start worrying about what you’re going to do with the house you want to flip! Really, lenders are more concerned about the property you are borrowing against and whether or not you are going to repay the loan, but they judge that based on character. This loan really has nothing to do with your FICO score, so stop worrying about it.
2. You have to be realistic with private money lenders Texas. Why? Because this is a loan, not a gift. Really be honest about how long you think your home renovation project is going to take and be up front with your lender. For example, do not say you will only take a month if you know it will take three. That would be bad faith and give you a bad reputation. Plus it could end up costing you a lot extra in interest and penalties. Give yourself enough time to pay the loan off. If you find that your project is taking longer than you anticipated, ask for an extension on your hard money loan. 
3. One last tip is that Texas hard money loans really aren’t as expensive as you think they are. This is especially true if you can make your turn around time on your home investment quickly. The loan does carry a higher interest rate, but it is meant to be a short term investment that can help you and your lender make money fast. It is a win-win solution. 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Foreclosure Auction Texas A Texas Hard Money Loan is the Right Choice for Auctions

Foreclosure Auction with Texas Hard Money.

It used to be so easy to get a bank loan whenever you wanted to flip the house you’ve had your eye on or to create the home of your dreams. It’s not like that anymore though. Loans, the traditional kind at least, are difficult to get your hands on depending on the kind of credit you have.

You really don’t have to be frustrated or scared to get a loan different from the traditional loan. Think about getting an Texas hard money loan, an alternative to the traditional bank loan that is easier to receive and that means you get to start working on your project sooner rather than later.

Private money lenders Texas might be the best thing for your project. You can get a jump start on it since the processing time is fast and you don’t have to worry at all about your credit score. That’s not what an Texas hard money loan is looking at- instead, your property is evaluated and the money you get is based off of that number.

We know the economy is a challenging road to travel, that’s why hard money lenders Arizona wants to help you get your Texas hard money loan. We think that you should throw out everything you think about a hard money loan and consider getting what you want and what you need to perfect your home or flip a property.

Remember that this is still a loan, however, so it is important to keep track of your finances and to be fiscally responsible for the money that you take out when getting a loan from hard money lenders Texas. This is an exciting time and a tremendous opportunity. Get on the fast track now! It could change your entire life.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:     (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027