Collateral loans use assets like cars and homes to secure favorable financing terms. There are many types of collateral loans, including auto, home equity, and mortgages, each with benefits and risks.
Flip and fix loans are designed for real estate investors looking to profit from house flipping. These short-term investment property loans cover the purchase and renovation of the property, offering flexible and quick access to capital.
A deed of trust is a document that secures real estate loans like a mortgage agreement does. With a trust deed, there are three parties—the borrower, the lender, and a third-party trustee who holds the property’s legal title until the loan is repaid.
Prepayment penalties can increase the total cost of your loan if you plan to pay it off early. However, there are some actions you can take to either prevent them or reduce their impact on your finances.
If you’re planning on selling your home and moving to a new home, finding the cash flow to make that move can be difficult. With bridge loans, you can get the funding you need to purchase your new home before you sell your existing home. So, how do bridge loans work? Is a bridge loan […]
