Fix and Flip Loans: What They Are and Best Options
Are you looking for financing to kickstart your fix-and-flip real estate project? Davis Legacy Ventures LLC has got you covered with the best options tailored to your needs. Understanding Fix and Flip Loans A fix-and-flip loan is a short-term financing solution that real estate investors use to acquire and renovate properties to sell them for […]
Advantages of a Fix and Flip Loan
When it comes to real estate investment properties, the advantages of a hard money fix and flip loan are substantial: When visionary leaders and skilled flippers collaborate, hard money fix and flip loans become the vehicle to everyone’s success. Disadvantages of a Fix and Flip Loan A fix-and-flip loan might only work to a borrower’s […]
The Truth about Mortgage Assistance During the COVID-19 Pandemic
False: Wait until you miss a payment to call your mortgage servicer. You should not wait until you miss a mortgage payment if you are experiencing any financial hardships from the virus to contact your mortgage servicer. They are here to help! Ask about mortgage assistance options that could be available to you while you […]
Mortgage Rates at Three Year Low
Rates for a 30-year fixed mortgage recently dropped to a three year low according to Freddie Mac. The company says that a 30-year fixed-rate mortgage had an average of 3.55% for the third week of August 2019; down almost a percentage point from the same period a year earlier. There has been an obvious stimulation […]
Understanding PMI on a Mortgage
You may have heard the term PMI as you have been shopping around for a mortgage, but don’t know what it means or how it affects you. Not to worry, let’s take a more in-depth look at what a PMI is and how it can impact your chances of getting a mortgage. What is Private […]
Existing Home Sales Have Year-Over-Year Increase
Sales of existing homes went up in July by 2.5% over June and had the first year-over-year increase in more than a year reports the National Association of Realtors. Due to historically low-interest rates and low mortgage rates, home sales have increased this summer. The sales have increased despite some indications that the economy as […]
Is the Time Right to Refinance Your Home?
With the recent drop in interest rates you, like many homeowners, wonder if the time is right to refinance. In order to determine if refinancing your home is the best choice, you should begin by asking yourself these questions: What is Your Goal in Refinancing? There are several good reasons to refinance, but these are […]
Waiting to Purchase a Home May Cost You
It may seem you are being prudent in waiting to purchase a home, but in fact, you may be hurting yourself financially. Often when you wait to see if rates will decrease, they do the opposite. Which means that if you were to wait to buy a home, it would take additional funds to purchase […]
What You Should Know Before You Apply for an Online Mortgage
You’ve probably seen an advertisement for an online mortgage and are considering using one of the online services to get a mortgage. While it’s true that online mortgages are growing in popularity, there are some things the public at large does not understand about them. Here are some things that you need to know before […]
In 2019 the Home Buying Experience is Easier Than Ever
Once a stress-inducing event, financing a house has become significantly less stressful. While still a significant purchase, financing a home has been made simpler by a host of online options. From online mortgage lenders to the ease that you can research rates, the dread-inducing mortgage application process is a thing of the past. Today, you […]