Month: August 2019

Here are 3 Tips for Flipping a Home

    Finance Tips

The practice of house flipping has become popular over the years. In brief, house flipping is when a run-down house is bought for a certain sum of money, fixed up, and then ideally sold for a profit. House flipping is typically done over a relatively short period of time, since the idea is to make a profit quickly. If you’re looking to enter the house flipping business, this article will be taking a look at several tips for how to flip a home.

  • Secure a Hard Money Loan: The first and possibly most important tip for flipping a home is to secure one or more hard money loans from a hard money lender. Hard money loans can also be known as bad credit loans, because they can be given to people who normally wouldn’t qualify for a loan because of their credit score. Bad credit loans generally make it possible to purchase the home that is going to be flipped and have quick approvals, so it is important Continue reading Here are 3 Tips for Flipping a Home →

Can You Get a Credit Card from a Credit Union?

    Finance Tips

Have you been curious concerning whether a credit union credit card would be good fit for your financial options? Credit cards can be issued to people over the age of 18. Seven out of ten people have at least a single credit card. It seems like many big banks offer credit cards too. Which is better, getting a credit card from a larger banking institution or a credit union? At a glance, credit cards from credit unions typically offer lower fees. But what is a credit union and why should you get a credit card from one of them?

A credit union is a member-owned, nonprofit bank with members-only, all-volunteer boards. Big banking institutions typically have higher interest rates and fees and share their profits with shareholders. Credit unions pass their profits to members in the form of low fees and interest rates. Credit unions also serve their communities by offering banking services to people in the same geographical area, who work for one particular employer, or who are m Continue reading Can You Get a Credit Card from a Credit Union? →

Things to Know Before Getting a Commercial Vehicle Loan

    Finance Tips

For most people, getting financing for a commercial vehicle is complicated and not anything close to other forms of financing. You will be asked to provide a ton of documents and the loan processing will take a significant amount of time. Obviously, there is a reason why commercial truck financing process might take more time compared to other loans. First, vehicles tend to be very spendy. Even the financiers know this all too well. Once you decide to seek, commercial truck financing, there are many questions that will be going through your mind. You will be asking yourself about the loan repayment period and what would happen in case you default. Some of these concerns are the reason why lenders find heavy duty truck loans to be risky. There is also the issue of bad credit. Before any commercial truck financing can be advanced to you, the lender looks at Continue reading Things to Know Before Getting a Commercial Vehicle Loan →

Here are 3 Uses for a Hard Money Loan

    Finance Tips

There are many types of loans available, everything from student loans to business loans, and then there is something known as hard money loans. These loans can be used for a number of financial reasons, but hard money loans stand out due to how they are acquired. Unlike most loans, which are given by the bank, hard money loans tend to come from private money lenders (also known as hard money lenders), who can be anyone from a family friend to a private lender who specializes in these types of loans. Hard money loans can be used for a number of purposes and this article will take a look at a few of them.

  • Privately Funded Mortgage: One use for a hard money loan is that it can be used to help with a privately funded mortgage. As the name implies, a privately funded mortgage is set up between two individuals, and not, as is common, between an individual and the bank. Mortgage paymen Continue reading Here are 3 Uses for a Hard Money Loan →