Closing Equity Hard money loan 
Housing Wire
OCTOBER 24, 2024
Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”
The Close
NOVEMBER 7, 2024
While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Government loans: These include loans from the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the US Department of Agriculture (USDA).
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The Close
NOVEMBER 25, 2024
When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs.
The Close
NOVEMBER 25, 2024
I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. What Is a Preforeclosure Property?
The Close
NOVEMBER 26, 2024
Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. When considering multiple rental properties, prioritize positive cash flow over equity and appreciation since those can change significantly. These loans can have rates from 12% to 18% but can be funded in 15 days.
The Close
NOVEMBER 25, 2024
The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages. The borrower qualifications are more lenient but with shorter loan terms and higher interest rates.
The Close
APRIL 3, 2025
When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesnt have unrealistic eligibility requirements. This also allows it to close in as little as seven days. 11.25% Covers up to 92.5%
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