Marco Santarelli

MARCH 23, 2025

Pre-approval: Before looking at homes, you should get pre-approved for a mortgage. Getting pre-approved generally involves a credit check and providing financial documentation, such as income statements and tax returns. This step gives you a clearer idea of how much you can borrow based on your financial situation.

Mortgages 52

Mortgages Fixed-rate mortgage Pre-approval Pre-qualification 52

The Close

APRIL 3, 2025

Although the best fix and flip loans will vary based on the specifics of your business, Ive picked out six with high LTC (loan-to-cost) ratios, flexible terms, and fitting for investors of all backgrounds and experience levels. Ultimately, Lima One Capital is the most versatile loan program for home flippers.

Loans 45

Loans Hard money loan Investor Finance 45

HomeLight

SEPTEMBER 15, 2022

Experienced investors and developers are often present at these trade-offs, making it easier to deal with problem properties,” he says. Reduction of long-term carrying costs, such as property taxes and ongoing maintenance. Step 4: Determine the qualification process for bidders.

Pre-qualification 110

Pre-qualification Pre-approval Investor Sales 110

HomeLight

JULY 30, 2021

Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment. For example, monthly rent on the house is $2,000, and the buyer agrees to pay an additional $300 a month, which will go toward closing costs on the purchase.”.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

AUGUST 16, 2021

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

Banks 105

Banks Pre-qualification Investor Short sale 105

Lab Coat Agents

NOVEMBER 20, 2024

The property must generally be the seller’s primary residence, and the buyer must move into the property within 60 days of closing and live in the property as their primary residence for at least one year. The buyer must also meet qualifications for demonstrated creditworthiness.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98