HCG is a group of commercial hard money lenders based in Arizona. This group of private lenders offer hard money financing solutions & trust deed investing. Call 480-685-4923 now!

1. Things To Consider While
Opting For Hard Money Loans
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2. When a bank refuses a loan and there seems to be no option available,
people usually opt for hard money loans. Some people don't even bother
with banks anymore since hard money loans are a less complicated and
easier procedure. Hard money lenders look at the value of the asset against
which the loan is to be acquired, not the person’s credit history. That is one
reason why people with bad credit history go for hard money options.
In places like California and Arizona, 2015 saw a remarkable rise in housing
prices and 2016 as predicted, will see a higher rise of prices which may get
out of control. Real estate has faced a dramatic rise and hard money lending
is a very popular option people are considering. California government has
come up with laws to protect citizens against scams and frauds that take
place in the market.
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3. The hard money loan providers have to be licensed and authorized so that
only genuine lenders can exist in the market. These also include certificates
from associations like NMLS- The National Mortgage Licensing System.
Negative amortization has been banned- it is a situation where the interest
rates are so massive that the individual is unable to pay. The government
checks a person’s ability to pay and only then issues the loan.
Hard money loans are mostly popular amongst people because they have a
very rapid process. A bank would take a load of paperwork and minimum 60
days to pass a loan, where as hard money loan can be sanctioned within a
week. The other advantages of a hard money loan are:
 Less paperwork
 Flexible terms
 Low credit score not a concern
 Instant cash
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4. Hard money loans are an excellent option if it is within one’s capability to
pay off the amount. They have a more relaxed approval standards and are
fast, visit hansoncapitalgroup.com for more info.
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