People in Arizona will be happy to hear that a new hard money lender is offering its services in the state. Barrett Financial is a very experienced mortgage broker, and this is the first time they have ventured into hard money lending in this state, something they have long been working towards.
We are hard money lenders in Arizona that are extremely trustworthy, efficient, and experienced. If you need hard money for your next commercial property acquisition, construction project, fix and flip, or buy and hold property in Phoenix let us work with you!
This lender is focusing specifically on those people who cannot meet the stringent application requirements of conventional financial institutions such as banks. By offering people in Arizona their new hard money programs, Barrett Financial hopes that they are able to play a role in getting more real estate projects off the grounds. They are interested in those projects that banks have said no to.
The lender is one of the best known brokers in Arizona, offering a wealth of different types of loan programs.
The right type of mortgage for you depends on many different factors. A 15-year fixed rate mortgage can save you many thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could get higher when the interest rate changes. The best way to find the “right” answer is to discuss your finances, your plans and financial prospects, and your preferences frankly with a mortgage professional.
Considering the company’s focus on offering such a variety of loan programs, it is perhaps unsurprising that they have now also ventured into hard money lending. The company has the necessary resources to ensure that any prospective borrowers can be matched to the best source to find the funds. They will focus in particular on people who are self-employed, as they understand that these individuals generally earn a solid income, even if their tax return shows a small net income.
At the same time, Barrett Financial wants to work with those whose income does not come from traditional employment, which makes it very difficult to qualify for any type of loan, including hard money loans. Barrett Financial understands the obstacle bank statements pose for these types of people, but also know where the solutions are.
The ability to qualify for an Arizona hard money loan depends on a range of different criteria. Some of those include the ability to provide a solid collateral, insurability, and credit history. Barrett Financial, however, believes that somebody who has a poor credit score does not have to be someone who is automatically turned down for financial products, particularly as they are related to business or real estate. This is a mentality shared across the board with all employees at Barrett Financial, and this enables them to offer all their clients the most suitable solutions.
The company’s headquarters can be found in Phoenix, AZ and they are a private, hard money funder. They have a wealth of experience in all areas of real estate, including bridge loans, fix and flip loans, refinancing, and more. They focus on ensuring that customers are efficiently and quickly provided with the financial solutions they need, working only with lenders who are trustworthy and safe. Barrett Financial is well-established in Phoenix and their venturing into hard money loans is something they have been preparing for, for some time now. The company’s goal is to make Arizona’s real estate market the strongest in the country.