Hard Money Loans With No Money Down
Have you been looking for “ hard money lender with no money down ” within the Scottsdale or Phoenix, Arizona area? If you have, then Brad Loans can help you. We happen to have 100% loans without a down payment that will use cross collateral. A Hard money loan that has no down payment or no money down are available to you by being able to use cross collateral. You may be asking What cross collateral is? Simply put Cross collateral when you, who is the hard money borrower will use collateral to be a security form for a lender. For instance, say that you are wanting to buy a $100,000 property. Normally you have to have a 30% down payment for an investor or 20% for owner occupied. But let’s just say that you do not have the cash that is needed for down payments or you are wanting to use the loan for new renovations or more. Instead of having to use a down payment, try to use your equity as a form of cross collateral. How It Works "To get a hard money loan wi...