Setabay Private Hard Money Lender: Arizona bridge mortgage

Showing posts with label Arizona bridge mortgage. Show all posts

Wednesday, January 11, 2017

Level 4 Funding LLC Arizona Private Hard Money Lender

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Monday, February 1, 2016

3 Ways an Arizona Bridge Loan Can Lend a Helping Hand

If you find yourself in a situation where there is a gap between expected income and current expenses, an Arizona bridge loan can help. Designed to be a short term loan, there are many ways that bridge loans can lend a helping hand when you find yourself in a financial bind.

An Arizona bridge loan is a short term loan that is designed to "bridge" the gap between expected income and a current expense. Bridge loans are a little known loan type that can be very helpful in a variety of financial situations. Here are three ways that an Arizona bridge loan can help you.

1. You need a down payment. If you are selling a home while concurrently purchasing a new one, you are probably relying on the sale of your current home to finance your down payment. This makes it impossible to move before you home sells, even if you can qualify for both mortgages. You can use an Arizona bridge loan to borrow your down payment. You would use the equity in your current house (the one on the market) to secure you bridge loan. The loan would then be used as a down payment and paid back after your home sells. This allows you to move before your home sells.

2. You own a business and have an expense before expected income comes in. If you are waiting on a big check but have an immediate expense, a bridge loan can be a great short term option to pay debts you owe. Once your income materializes, you use it to pay back your bridge loan.

3. You are expecting a windfall but have expenses before it gets there. Whether it is an equity payment, lottery payment, or even an inheritance, a bridge loan can help you pay what you need to while you wait for it to come in. Once it does, you use the funds to repay the loan.

If you find yourself in a situation where you would benefit from an Arizona bridge loan, call a mortgage broker today!

We can help you with all of your bridge financing needs. Call our experienced loan officers to get started today!

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

111 Congress Ave |Austin | Texas | 78701

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Monday, January 25, 2016

Make Your Dreams Come True With an Arizona Bridge Mortgage

If you dream of buying a new home, but need cash from the sale of your current home for your down payment, you may find that moving is just a dream. However, you can make that dream a reality with an Arizona bridge mortgage to help finance your down payment and move to a new home before your current home sells.

If your home is on the market, you know that selling a house is stressful. Between keeping it clean and leaving at a moment's notice for showings, you may find that you barely even have time to look for a new home. Moving may seem like a pipe dream. However, with an Arizona bridge mortgage you can start looking for and even move into your new home before your current home sells.

If you qualify for both mortgages but have to use funds from your home sale for your down payment, then an Arizona bridge mortgage may be just what you need to move. A bridge mortgage is a specialized loan that you borrow against your current home, the one on the market. You borrow what you will need for the down payment on a new home. You purchase your new home using your bridge funds. Once your current home sells, you use those funds to pay back your Arizona bridge mortgage. So, basically a bridge mortgage helps bridge the gap between your current home selling and purchasing a new home.

If a bridge mortgage sounds like an ideal way to make your dreams come true, talk to an Arizona private lender about how to go about funding one. A bridge mortgage is a non-traditional loan so you can't get it from a bank. A bridge mortgage is similar to a home equity loan but it can be used for a home that is on the market (usually you can't take out a home equity loan using a home that you are selling as collateral).

When you are choosing a lender for your Arizona bridge mortgage, make sure that you pick a licensed mortgage broker. This will help protect your investment and ensure that the individual funding your loan has experience and knows what he's doing.

Don't let endless showings and waiting on your home to sell delay the purchase of your dream home! Find out about an Arizona bridge mortgage today!

Once you are settled in your new home, your old home will most likely sell more quickly and for top dollar. Don't delay your dreams any longer, find out about a bridge mortgage today!