New Penn Financial is located in Scottsdale, Arizona. Our office is full of knowledgeable and friendly loan officers with years of experience in the mortgage industry. We work hard to get you fitted with the best home loan for your current financial needs.
We take the time to talk to you one-on-one and listen to your concerns and goals and make sure every question you have is answered. https://www.youtube.com/watch?v=ZBGBEPW4gCw
If you are planning to purchase or refinance a second home or investment property stop in or call us today. We are here to help you.
When conventional financing takes too long or is not available due to low FICO scores or some other reason, hard money can be a deal saver. If you invest in a lot of property, your FICO score can plummet simply due to the number of mortgages you owe!
Hard money lenders can turn on a dime. Mortgages for real estate investing can take anywhere from two to six months to be completed by conventional banks and lenders. Hard money lenders can generally fund in two weeks from the time you have all the paperwork in place.
Lenders can also fund projects that conventional banks cannot. If your real estate investing takes you to the realm of dry cleaners (or a strip mall that has one), gas stations, or even assisted living facilities (one of the hottest growing real estate markets in the US), conventional banks are not likely to be able to fund your project. Hard money loans can, once again, be a deal saver.
Plan to use hard money as a bridge loan. Terms generally range from one to three years. This should provide ample time to prepare the property or your personal financial status to arrange for long term conventional financing or to arrange for the sale of the property in question.
If you are looking for a professional and knowledgeable lender that will get your loan closed on time, you need to call Team Jodie and JB at Nova Home Loans.
Their professional staff makes the whole process as easy as possible. As a Real Estate Agent, I recommend them to all of my clients as well as use them to do my own personal loans.
They are one of the best lenders out there!!!
Team Jodie & J.B. Nova Home Loans
8800 East Raintree Drive, Ste 110
Scottsdale AZ 85260