Category Archives: private money lender

Does Our Government Really Hate US? Really?

What’s wrong with our economy?

One of the technical terms used when evaluating a healthy economy is a term called velocity of capital.  What this means is how fast  money is moving around from one person to another,  or defined as “The velocity of money is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time. Velocity of money is usually measured as a ratio of GNP to a country’s total supply of money.

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As you can see from the above graph the Velocity is on a steady decline.  So what causes the drop? My opinion is that there are two main reasons:

  1. People (consumers) have stopped spending money.   They are sitting on a boat load of cash and they are in a wait and see mode. 
  2. The second reason why there is a decline is that the government has put up road blocks to keep spending money.  One of the biggest road blocks enacted are the Dodd-Frank Regulations  that are making it extremely difficult for individuals to purchase homes. 

When someone purchases a home it’s not just the seller and buyer who are happy.  There are those downstream of this  closing  that are going to be happy when the home closes.  Typically the listing and selling agents are happy, but there are others who also benefit from this happiness and make a living off of the sale.  Sure the buyer is happy, they have their dream home they always wanted, and the seller is happy since the can move to their next home,  or maybe get rid of the current home.  It’s going to be a Happy, Happy, Happy fest.  The agents who listed/sold the home can’t wait till they receive the final HUD 1 is completed and the title company sends out the checks to the brokers.  Most agents keep a list of the transactions in their pipeline and like most agents, their spouse is quizzing them on the transactions.  My wife usually says, ‘got anything closing this week’?  She says this specially during the holiday season.  I’m happy to say that yes!.  This is going to be a good Christmas.  However there are many others who will benefit from this transaction and will have a happy Christmas.

  • Title company and the title agent are getting something from this transaction, like title insurance & escrow fees.
  • The loan company, Loan Officers, Loan Brokers, Underwriters, support staff, company sales rep also benefit.
  • Home Inspectors, and termite inspectors are getting some of the money.
  • Handyman who will fix the conditional items from the homeb inspection also get a piece of the deal, and don’t forget all the hardware stores will get a piece of this pie when the handyman  buys a new faucet or  other item to be fixed.
  • Tax payers benefit when home taxes are being paid in full with collections of future taxes.
  • Insurance companies are writing a new policy.
  • HOA’s are going to receive a transfer fee and maybe impact fees.
  • Neighbors are going to be happy to see a new neighbor.
  • Disabled Vets are going to receive all of the  stuff the new home owners are going to give away before they move.
  • Utility companies are going to get a change notice and if the account is past due, they are going to get paid.
  • Appraisal companies will get their piece of the pie also.

iStock_000002302749XSmallIt is amazing when you think of all the people who will touch this transaction to complete the deal at all.  BUT what’s really startling is how many people will be able to keep their job, put food on the table and survive. 

With all of this occurring, we should sell homes all the time, but I’m shocked by the road blocks our government has put in place to stop this from occurring.  In an effort to fix the last collapse of the housing industry, the administration has generated a mountain of mind numbing regulations to stop consumers from purchasing a home.  It’s like passing through  gates of hell to get a loan.  We have gone too far in the wrong direction to fix the problem.  The incoming administration has indicated that they are aware of this problem and is promising to fix the regulations ASAP.  Let’s get money flowing again!


Level-4-Funding-Dennis-Dahlberg-Mort[1]Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender

Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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About Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.


Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper







          

Stated Income Mortgage in Arizona

A said revenue mortgage could be a useful instrument in
qualifying for a mortgage in case you are self-employed or have revenue that’s
troublesome to confirm. Study what a stated income mortgage is and see if one is an efficient match in your house loan wants.
In a standard mortgage qualification course of, the
borrower is requested to supply quite a lot of documentation. Key amongst these
paperwork are revenue verification paperwork. These embody W-2s, tax returns
for 2 years, pay stubs, and financial institution statements. Any further deposits right into a
checking account that can’t be verified by paystubs should even be accounted for.
Principally the monetary property of the borrower are gone over with a wonderful tooth
comb. This method works effectively for individuals who maintain conventional jobs with secure revenue.
Nonetheless, for debtors who’re self-employed, buyers, or have a distinct
non-traditional revenue scenario, revenue verification will be nearly unattainable.
For debtors who’re unable to furnish proof of revenue,
earn money in a non-traditional manner, or who might have a better than permissible
debt to revenue ratio, a Arizona stated income mortgage could be a resolution. A said
revenue mortgage
is a house loan the place the lender doesn’t confirm the
borrower’s revenue by way of W-2’s or tax returns. The borrower is requested to state
their revenue after which taken at their phrase.
Stated revenue
mortgage
s have been given a little bit of a nasty repute as a result of they’re simple
to make use of to commit fraud. One lower than flattering nickname for the loans is
“liar’s loans.” This nickname took place as a result of a examine of IRS tax data
discovered that in practically 60% of all said
revenue mortgage
s the borrower truly made lower than he/she declared as
revenue to acquire the loan. Some politicians try to restrict entry to
said revenue loans primarily based on the assertion that they might be used for
fraudulent functions.

When Does a Stated Income Mortgage Make Sense?

 

Regardless of its lower than flattering nickname and considerably
checkered previous, there are specific conditions when a said revenue mortgage is the most effective house loan choice. For a lot of
debtors one of these house loan is the one loan that may give them the
capital they should purchase the house they will afford. There are a number of conditions
the place a said revenue mortgage makes
sense.
The primary case in which a said revenue mortgage is a great selection is self-employment. This
is definitely the revenue scenario that the mortgage sort was designed for. For
many small enterprise homeowners, unbiased contractors, consultants, and different
self-employed enterprise folks, it may be troublesome to furnish proof of revenue
to the financial institution’s satisfaction. Income sources could also be thought of unstable or there
might merely not be a standard W-2 or pay stub that may be supplied. A said revenue mortgage permits the
enterprise proprietor to state his/her revenue and qualify for a mortgage primarily based on that
assertion.
One other case in which a said
revenue mortgage is an efficient choice, is for somebody who makes his or her
dwelling from investments. Take an actual property investor who owns a number of
properties all with loans. Even when this investor makes $100,000 a 12 months in
disposable revenue and has the mortgage on every property lined by lease,
his/her debt to revenue ratio is likely to be too excessive on paper to be given an
further house loan. A said revenue
mortgage accounts for the precise disposable revenue this particular person has to
spend every month, quite than simply what the monetary scenario seems like on
paper.
A 3rd scenario that may profit from a Arizona stated income mortgage could be in the
case of a freelancer or guide. People who find themselves employed in these fields
have a tendency to work for multiple firm. Their work can be usually
seasonal or might range from month to month. Throughout the mortgage qualification
course of, banks take a look at 2 months of pay stubs. If it’s a sluggish month, the quantity
of pay might not mirror the precise quantity that borrower earned and subsequently
he/she might not qualify for a excessive sufficient quantity, if in any respect. As well as, banks
require borrower works for a corporation for a 12 months or extra earlier than that revenue
supply is taken into account legitimate. A freelancer or guide usually works for a lot of
totally different corporations however just one or two on a everlasting foundation. Due to this fact the
precise revenue of the borrower might be $200,000 however solely $50,000 is counted as
revenue by the financial institution. A said revenue
mortgage
permits the borrower to make use of their precise revenue quantity to qualify
for a mortgage.
Most conventional banks don’t provide Arizona said revenue mortgages as they’re thought of greater threat loans.
Brokerage corporations and smaller banks usually have packages that may work with
debtors who want a said revenue
mortgage.

Dennis Dahlberg

Dealer/RI/CEO/MLO

Stage 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.SETABAY.COM


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027


 
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Level 4 Funding Can Help You Get the Arizona Home Loan You Need!


Get The Home You need with a  Arizona Home Loan

 

Are you searching for the dwelling of your goals… but in addition wishing
you had the credit score to buy it? Now could be your likelihood to get what you need
as a result of there’s a method to do it. You simply need to be unconventional! You can get
your Arizona dwelling loan. There’s a way to get the home you want. You have to talk to your hard money lender about the non traditional Arizona home loan they can give you.
We all know the economic system made lots of people lose their nice
credit score standing. That was a rattling disgrace. However there’s no use moping about it. You
need to get your self collectively and discuss to a hard money lender about what you
can do about it on the subject of getting your own home.
Banks are tough. They don’t seem to be prepared to simply accept very many
individuals into their tiny world of loan dispersing. They need to hold quite a lot of the
money for themselves as a result of the 21st century has left them out in the chilly
fairly a bit. Loads of banks went below, you may bear in mind, and we needed to bail
them out. They 
aren’t actually searching for that once more. They’re really attempting to
do one thing completely different for financial institution loans so that they put you thru quite a lot of
completely different hoops and so they make you wait and even then you could not get the
Arizona home loan that you just actually need
and actually need for your home. Don’t give it a second thought. Get the Arizona dwelling loan out of your hard money lender. You will see how straightforward it’s to get what
you want once you don’t need to undergo a financial institution.

Dennis Dahlberg
Dealer/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.SETABAY.COM

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027


 
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You Need a Arizona Mortgage Dealer!

When you want a hard money loan however you don’t know the place to even begin you will have come to the appropriate place. Many individuals are afraid of hard money loans- they do sound scary!- however we guarantee you that they aren’t. Actually, hard money loans are simpler to get than every other sort of loan together with the normal mushy loan you get from a financial institution.

Mortgage Broker Arizona

Financial institution loans may be troublesome. There may be a lot of process concerned from paper work to creating positive you will have all of your affairs so as. It may be time consuming and even then chances are you’ll not get the money you want after months of ready and that may be extremely irritating. That’s the place your Arizona mortgage broker is available in as a result of they’ve some issues to say to you about hard money loans.
Not like your financial institution loan which will by no means come, your hard money loan is quick and it doesn’t discriminate in opposition to credit score scores. Your credit score rating just isn’t considered in the case of your hard money loan as a result of the lender is far more taken with getting their money again, not what your credit score appears like.
Don’t be afraid to strive one thing totally different. This might be a fantastic factor so that you can speak to your Arizona mortgage broker about as a result of will probably be extremely useful. You will have the ability to tackle what you thought you by no means might as a result of you should have the money you by no means thought you may get. A hard money loan could possibly be the reply you’ve been wanting (and possibly needing) for fairly a while. You don’t should get hung up in your conventional financial institution loan when you may get your self a hard money loan from a private lender. Look into this various to a mushy money loan in the present day. 

Contact a Arizona mortgage broker and get your loan software began in the present day!


Dennis Dahlberg

Dealer/RI/CEO/MLO

Degree 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.SETABAY.COM


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027


 
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