Conventional Loan Flipping Rules A Guide to Navigating Financing When Buying and Selling Quickly Flipping houses for profit can be an exciting and lucrative endeavor for real estate investors. However, financing these quick flips comes with its own set of rules and requirements, especially when using conventional loans. In this comprehensive guide, we’ll explore conventional … Read more
If you’re looking for an alternative to a traditional, site-built home, you may want to consider financing a mobile home through the FHA manufactured home loan program. Sometimes called an FHA loan for a mobile home, this government-backed mortgage option allows borrowers with imperfect credit to purchase an affordable home. Buying a manufactured home with … Read more
A loan modification can help struggling borrowers avoid foreclosure without qualifying for a new mortgage, while a refinance is best for homeowners with stronger finances. The 2019 Survey of Consumer Finances found that about 30% of homeowners have less than $14,000 in assets to cover an unexpected drop in income. If the pandemic and its … Read more
Borrowers who are struggling financially can benefit tremendously from an FHA loan, which requires only a minimal down payment with a modest credit score. Sometimes, though, an FHA loan alone isnât enough to get someone into a home. This is where FHA gift funds can make a difference. FHA gift funds can give borrowers the … Read more
If you originally needed a cosigner to qualify for your mortgage loan, you may eventually want to remove them, especially if your financial situation has improved. Having a cosigner can be restrictive if they are unable or unwilling to cooperate in decisions about the home. Fortunately, with some strategic planning it is possible to remove … Read more
Getting pre-qualified for a mortgage is an important first step when buying a home. It gives you an estimate of the loan amount you may qualify for. But pre-qualifications are only valid for a limited period. Typically, a pre-qualification letter will last 30-90 days. Here is a detailed look at pre-qualifications and how long they … Read more
Navigating home loans and property appraisals can be tricky, especially for military homebuyers. That said, property appraisals are important in determining the value of the home and influencing various other homebuying factors ranging from interest rates to eligibility criteria. The process can seem overwhelming but we’ll help you understand the intricacies of appraisal criteria, whether … Read more
Closed end signature loans also known as good faith loans or character loans are a popular type of installment loan offered by banks, credit unions, and other lenders. In this comprehensive guide, we’ll explain what closed end signature loans are, how they work, their pros and cons, eligibility requirements, interest rates, alternatives, and more. What … Read more
At Dash Home Loans, we make the mortgage financing process quick, painless, and (dare we say?) enjoyable. If you’re looking for a no-money-down loan option with a competitive APR, our expert Mortgage Coaches can determine your Florida USDA1 loan eligibility. Buying a home in Florida can be expensive but USDA home loans offer an affordable … Read more
If you’re considering taking out a small business loan to fund a big project or replace that failing piece of equipment, you may wonder how that surge of capital affects next year’s taxes. The good news is that most loans won’t materially alter what you owe in taxes. Receiving a lump sum in your bank … Read more