Tag: Loans

Posted on 10/31/2021
Mortgage vs Construction Loan: Understanding Key Differences
Image by pasja1000 from Pixabay Most homeowners have a mortgage against their house, and homebuyers who purchase existing homes usually secure a traditional mortgage before closing. When building a new house, however, you’re likely to need a construction loan before getting a home mortgage. Here’s a breakdown of each, including how they’re used in the new home building...
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Posted on 09/19/2021
Should you Choose a Land Contract or a Mortgage?
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
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Posted on 08/08/2021
How to Fund a Successful House Flipping Business
Photo by Tima Miroshnichenko from Pexels Having the cash-on-hand to buy a dilapidated house and renovate it into a profit-generating dream home takes much of the financial strain off a house flipper's shoulders. But what about that hard-working person who possesses the skills and expertise but lacks money? Does the mere fact someone doesn't have the cushion of...
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