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PHOENIX, Sept. 25, 2017 /PRNewswire/ — As the market continues to improve for both the residential and commercial real estate industries, there is an increasing demand for financing options. Michael.
Start building the relationships with hard money lenders in Phoenix as early as possible. The other thing that you need to consider is something called a pre-payment penalty. A prepayment penalty can increase the cost of refinancing your loan. Hard money loans have a number of benefits over conventional bank financing.
Try These 5 Tactics to Find the Best Hard Money Lenders Arizona. Unlike receiving a loan through a traditional bank, obtaining your loan through hard money lenders Arizona allows you to develop personal relationships and network for further business opportunities. Learn how to find the perfect lenders for your needs and how to establish personal bonds that may help grow your financial future.
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Mortgage Refinancing is a Hard Money Loan. A refinance pays off one or more loans secured to the property, which results in a new loan, generally with a bigger principal balance. A homeowner can refinance without receiving any of the proceeds by either rolling the costs of the new loan into the principal balance or paying the costs of the loan out of the borrower’s pocket.
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