If you’re looking for your first home, you may feel a little overwhelmed with the process. You have to get preapproved, save for a down payment, find the right home for you and your family, and consider your future all at once. However, one of the most important decisions you need to make is what kind of home loan you’re going to …
5 Things You Should Know About Commercial Mortgages
Getting a mortgage of any type is a complicated endeavor, but commercial mortgages have a few differences that every borrower should be aware of. Whether you’re looking to purchase a location for a business or you’re in the market for an investment property, these mortgages have a unique set of requirements. Read on to discover five things you should know …
Is Buying Commercial Property a Good Investment?
When you hear of property investments, you most likely think about residential properties. Investors who flip and sell homes or rent homes out to tenants are all residential-property investors. Buying commercial property for profit, however, is another great way to invest in real estate. Investing in commercial real estate has its pros and cons just as residential real estate does. …
Financing Your Fix and Flip: The Best Loans For Flipping Houses
Flipping houses isn’t only popular on reality television, it is a popular way to bring consistent income into your life. The average profit for flipping a house was $65,000 in the past year which means it’s about a 45% return on investment. Sounds pretty great right? With cost-effective renovations, and choosing a good neighborhood to invest in, you can make quite …
Home Free: 4 Ways to Get a Good Mortgage Rate
For most of us, buying a home will be the biggest investment of our lives. This is why mortgages are a key part of the home-buying process. Depending on the total amount you spend, the terms of your mortgage matter a lot. These include the type of mortgage, interest rate, and length of time to repay it. Lowering your rate by a …
How to Get a Small Business Loan With Zero Dollars in the Bank
Getting a small business loan is how most businesses get up and running and maintain operations during tough times. That doesn’t mean it’s easy to do. When you don’t have any cash in your account, it’s hard to get a bank to sign off on a big loan. It’s not impossible, though. Today, we’re going to discuss what you can …
Commercial Real Estate Loans Explained
Over 627,000 new businesses are started every day in the United States. Expanding your business is a large task financially, so most new business owners need help getting started. If you’re looking to expand your business to a building, keep reading to learn more about commercial real estate loans! What Are Commercial Real Estate Loans? A piece of commercial real estate is one …
Construction Questions: The Ultimate Guide to Getting a Construction Loan
If you need to build a home for investment purposes, a construction loan can give you the funding you need to complete your project. While these loans have a few similarities to the standard mortgage, they also have some significant discerning differences. Read on to learn more about what you can do to be approved for a construction loan and …
Need a Business Loan? Here’s What Your Credit Score Should Look Like!
Banks used to approve only about 9% of all business loan applications. In 2018, that figure rose up to 26%. Why does that leave 75% of small businesses struggling to get a loan? It comes down to your credit score. Business loans aren’t easy to get, especially if your credit score is average or below average. Keep reading to find out …
Exactly How Does a Fix and Flip Loan Work?: A Beginner’s Guide
In 2017, more than 207,000 homes were flipped by contractors. This was the record high, as flipping homes for a living is becoming a more popular career for independent contractors. If you’re interested in flipping homes but you don’t have enough money to buy one upfront, it’s time to look into a fix and flip loan. Keep reading to learn more about …
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