Many people are confused about Texas hard money loans, but they shouldn’t have to be. Texas hard money is a loan where the investor receives their financing merely based on the value of the property they have instead of the traditional kind of bank loan that is dependent upon the kind of credit a person has. This can be a difficult loan to obtain for some kinds of people and that is why Texas hard money can be a truly wonderful thing.
While interest rates can be higher with Texas hard money versus other kinds of traditional bank loans, one must remember that Texas hard money lenders have a very quick turnarounds when it comes to the loans, so the higher interest rate is barely even noticeable. If you are scared of going into bankruptcy or a foreclosure, then the time is not to get into Texas hard money and save the property that belongs to you.
You can save the property or you can revamp the property while using your Texas hard money loan. It is important to keep in mind that the longer you have the loan, the more interest you will pay. Rates vary based on the prime rate but you can expect to pay anywhere from six to eighteen percent, depending on a variety of factors. It is usually best to use Texas hard money loans as a short term loan options, not a long term financial solution.
It is important to remember that if you are having difficulty finding a traditional bank loan to finance your property, there are other ways. You can bypass the paper work and the hassle of a traditional loan and make good again with your Texas hard money loan. These Texas hard money loans will keep your foreclosure at bay or help you flip the house you have been thinking about for years. Don’t let your dreams escape you! Get your hard money lender Texas today and forget about the traditional lending conditions that have you nervous. You can have everything you always wanted with a Texas hard money loan. Call us today to find out what you can qualify for. Get the money you need and make your dreams come true!
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
dennis@level4funding.com
www.Level4Funding.com
No comments:
Post a Comment