Buying, renovating and then reselling houses can be a profitable undertaking. But finding a loan to fund such a project is much different than getting a conventional loan for a personal home. Here, Realtor.com discusses four different fix-and-flip loans that can be used to purchase and renovate distressed properties, each of which presents its own set of qualification requirements and
Failure to know your mortgage rate can be an expensive mistake, especially in this rising interest rate market. According to a recent survey by Bankrate, however, almost 3-in-10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say. The average rates on 10-, 15- and 30-year fixed finances have risen from a year ago, according to Bankrate’s weekly
You’re ready to buy a home. Maybe it will be your first, or maybe it’s one you saw a for-sale sign in front of and instantly fell in love. Maybe you’ve been saving for this big purchase for many years. No matter the circumstance, it’s a big deal, because a home typically is the biggest purchase you’ll ever make. Here,
Owning a home can seem like an impossible feat if you have a bad credit history. But there’s hope! While lenders will consider your credit worthiness before granting a loan, here are 15 tactics you can use to get a mortgage if you have bad credit. 1. Get a credit-builder credit card This will help you establish a history of using credit responsibly,
Few homebuyers are halting their searches in the wake of rising mortgage rates, according to a Redfin. In May, Redfin commissioned a survey of more than 4,000 people who had bought or sold a home in the past year, attempted to do so or planned to do so soon. Among the more than 1,300 respondents who planned to buy a home in the
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