We fund hard money loans secured by residential and Commercial real estate for Business purposes only. This includes purchases for investment properties and loans for Business use (payroll, inventory, etc.). As a direct hard money lender, we also fund bridge loans for 12 months or less.
A FICO score is a credit score which predicts the probability that borrowers will pay their bills. A higher FICO score enables you to obtain a loan on good terms, a lower interest rate and a lower monthly payment. This score is an important part of the loan qualification process. Contact us and get free credit repair service that can improve your credit score as part of the application process.
Because we are a direct hard money lender, we typically approve loans in 24 hours and fund loans within 7 days from initial contact. Our automated money loan process and direct access allow for quick decisions and funding.
The amount of interest that accrues on your loan from month to month is determined by simple interest formula: Loan Amount (in dollars and cents) x Interest Rate x Maturity (in years) = Total Interest Or you can calculate on our Mortgage calculator
All of our hard money loans have fixed, interest-only rates starting at 7.99% but we are subject to a variety of factors. Arrow Financial needs minimal information from you in order to provide you a written offer. It’s fast, easy and FREE to apply.
Mortgage calculator helps you in determining, how much house you can afford. By entering details into our calculator about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
By making small additional monthly payments towards principal, you can greatly accelerate the term of the loan and thereby, results in tremendous savings in interest payments.
Firstly, you need to know how much you owe. You can then calculate your balance online from our calculator. If you`ve made any repayment through payroll, subtract them to get an accurate figure.
Yes, you can repay the loan ahead by making lump sum payments towards part or full prepayment that is subject to the applicable prepayment charges. This provides you the flexibility to increase the EMI`s every year in proportion to the increase in your income which will result in you repaying the loan much faster.
The annual percentage rate is the charge for a loan, representing the actual yearly cost of a loan. This includes your "financing charges" and any fees or additional costs associated with your loans such as closing costs or points.
Yes, you should. To determine whether or not it is a good idea for you to refinance, you should look at the specific situation such as interest rate, converting your adjustable rate into a fixed rate and much more.
"Our Intention is to understand your desire, Our action is to make it true"