Learning All About Loan Contracts

What Buyers Should Know About Fix And Flip Loans

Fix and flip loans represent another set of financial instruments for folks who want to invest in real estate. They operate a lot less like mortgages and a bit more like construction loans. However, there are some notable differences, and you should know about these 5 major ones. Term Typically, fix and flip loans are for medium terms. Your loan won't be as short as some construction loans, which may be done in a term of months rather than years.   Read More...

The Pros And Cons Of Using A Mortgage Broker

As with all products and services, there are both pros and cons associated with using a mortgage broker. Taking the time to carefully consider both these pros and cons is the best way to determine if these services are right for you. Continue reading to learn more about some of the pros and cons you can expect to experience when using the services of a mortgage broker. The Pros There are several advantages that come with using the services of a mortgage broker.   Read More...

Get Your Home Equity Loan Approved Quicker: Easy Tips to Follow

When you're in the market for a home equity loan, you may have concerns about whether or not your application will be approved. Fortunately, there are several things you can do to help improve your chances of getting the green light from your lender. Here are a few tips to help get your home equity loan approved quicker. Check Your Credit Score and Fix Any Errors A credit score is a number that lenders use to determine your creditworthiness.   Read More...

2 Tips to Minimize Unpleasant Surprises When Buying Your First Home

There are a lot of steps involved in purchasing a home, so it's not surprising that sometimes unexpected problems crop up at the worst times. While you can't account for every possible thing that may go wrong, here are two things you can do to minimize major issues that could stop the homebuying process in its tracks. Get Pre-Approved by a Second Lender It's easy to think once you receive a preapproval letter from your lender of choice that the funds will be available when you need them, but that's not always the case.   Read More...

What To Consider When Refinancing Your Home

Think that you want to refinance your home, but have never done it before? It may help to know the following things to help ensure that the process goes as smoothly as possible. Your Credit Score Will Be Pulled Again You may have had a great credit score when you originally got a mortgage for your home, which resulted in a low-interest rate. However, you will have your credit score pulled again when refinancing your home.   Read More...