Owning a property is a goal many strive to achieve yet for many, this dream goes unfulfilled because of the stringent requirements to receive a mortgage. Most borrowers are denied and a recent Reader’s Digest article seems to reinforce that Florida is among the states where denials are much more common. Four different cities in […]
You may make good money but you have little credit. How is such a thing possible? Perhaps you stay away from using credit cards or you only pay for things in cash. Regardless of the reason, you’ve decided it’s time to buy a home. However, without credit, how do you go about it? To find […]
If you’re facing financial struggles, you may think there are few options available to you. However, if you’re a homeowner, it may have considerable equity that may help with making ends meet while you get back on your feet provided you use the equity wisely. Your home’s equity may prove to be of value via […]
The appraisal is an important part of the refinancing process. Investors need the reassurance that the home value is well above the refinance level. Chances are they won’t accept loans for values too close or even above the appraised value of a home. There are steps one can take to improve the appraisal process. A […]
Many homeowners look forward to the day their mortgage is paid off and their home belongs to them, free of debt. Some people may be able to pay cash for the home and own it free and clear from day one. While not many can pay cash for a home even if they wanted to, […]
Buying a home means having to make several important decisions. Among them, you’ll need to figure out how you intend to provide financing. This often means choosing between cash or applying for a mortgage. Buying a home with cash has its benefits if you have the means to do so. You can avoid having to […]
Traditional mortgage lenders may require you to go through several hoops if you’re interested in purchasing a condo. Besides the general qualifications, they may also take a close at the condo association. Because condos remain popular as rental purchases, a high rental condo occupancy may cause difficulties if you wish to purchase a unit to […]
Ever since the issues with the housing market circa 2008, traditional lenders have upped their mortgage lending requirements substantially. If you have defaulted on a previous loan, if you have unpaid credit card bills, if you owe child support, collections, unpaid property taxes, all of these and more can prevent you from receiving loan approval. […]
Flipping a property when the time is right can reap significant rewards, anywhere from a ten to fifteen percent return on investment in some cases. Flipping combined with the flexibility of a hard money loan presents a great opportunity to become acquainted with real estate investing and construction. With a few tips, you can potentially […]
A hard money loan is typically secured using real estate. This begs the question, “Is it possible to secure a hard money loan without the use of real estate?” There is no definitive yes or no to the question as it will depend on several circumstances. A fundamental way to sway an investor to provide […]