Tag: Loans

Posted on 08/16/2022
What to Know About Home Improvement Loans for Additions
Building an addition onto your home provides you with more space, whether you need it for a living area or for storage. You can build additions onto the side or back of your home, or build up rather than out. No matter what kind of addition you’re thinking of building, it’s important to think about how to finance...
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Posted on 02/01/2022
Building a Home? Here's How Much to Put Down
Photo by Karolina Grabowska from Pexels Most people who decide to build a new house plan on financing the construction via one of the multiple financing options available. However, the size of the down payment depends on what type of loan is taken out for the project. The following is a breakdown of what different loan programs commonly...
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Posted on 10/19/2021
4 Reasons Why Down Payment Amount Matters
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
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Posted on 06/08/2021
Pros & Cons of Taking Out House-Flipping Loans
Photo by Karolina Grabowska from Pexels The golden rule of house flipping states that entrepreneurs should never pay over 70% of a property’s value after subtracting the cost of renovations and associated fees. Known as the “70 Percent Rule,” it sets a standard for improving the chances of turning a profit even if unexpected financial challenges arise. Few...
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