The fix-and-flip strategy is a great way to earn some cash—in fact, it is favored by many experienced investors. However, if you are brand new to the property investment scene, there are plenty of things that could go wrong. For the first time investors, fix-and-flip is a tactic where the property is purchased, rehabilitated, or […]
5 Types of Loans that Can Finance Your Fix and Flip Venture
Los Angeles has plenty of charming fixer-uppers just waiting for the right person to turn them into spectacular new listings. However, you might find it challenging to get past a crucial factor—funding. Without the funds for a renovation, you will not pull off a house flip. There are workarounds to this, though—you can get several […]
Getting a Lender in Los Angeles: 3 Tips You Need to Know
As you grow older, your spending habits will move past paying for your monthly rent to securing a permanent residential property. That will require you to obtain loans from the right mortgage lender as you settle down. Choosing the right mortgage lender is a crucial financial decision as that can impact how well you can […]
When Is the Right Time to Refinance Your Mortgage?
Mortgage rates are constantly changing in response to the prevailing condition of the economy. When the federal government wants to stimulate spending to curb the risk of high inflation, the cost to borrow money takes a dip. When the economy is strong, mortgage prices will be higher. Presently, however, interest rates are at an all-time […]
Answering 4 Questions Regarding Refinancing During COVID-19
You’re probably here because you were planning to remortgage but had your plans stopped by the ongoing pandemic. Your goals might have been set back a few months or even years because the mortgage option you needed is no longer available. Fortunately for you, your money-saving efforts can still be achieved. Even with COVID-19 causing […]
Flip Not Flop: Don’t Make These Mistakes on Your First Fix and Flip
Those TV shows have made house flipping so easy—you buy a house, wreak it with a sledgehammer, beautify it and voila! You can now sell it on the market and make a huge profit. In more ways than one, these TV shows make the process seem so simple and fun, and essentially a cash cow […]
When Is the Right Time for a Jumbo Loan? – What to Know
Los Angeles is one of the most expensive places to buy real estate in. According to Zillow.com, the average price of a home today in this city is $752,508, with a five percent increase from the previous year. That is slightly higher than the loan limits set by federal housing authorities (FHA) on conforming loans. […]
What is a USDA Loan & Should You Get One?
For most first-time homeowners-to-be, the most difficult and painstaking process is applying for a housing loan. While most homes look flexible on paper, what throws people off are high rates for the down payment. For most people, they can afford to pay the monthly mortgage but are driven away by the upfront costs for the […]
Reverse Mortgage: Advantages and Disadvantages
The reverse mortgage is a popular offer for people who are halfway through the payment of their home loan. It’s another loan that enables property owners to retrieve the unencumbered value of their current home. It’s taking the equity of your home and converting it into cash that you can use. A reverse mortgage allows […]
How Mortgage Lenders Dissect Credit Reports
A new home can be the biggest purchase of any new homeowner’s life. While some may be able to shell out a full payment in cash, others will have to obtain a mortgage loan from a lender. When applying for a Los Angeles mortgage, brokers pay attention to positive credit history, among other things. While […]
