Given how 2020 has gone for much of the country, many people may be feeling the stress of tighter finances than ever before. With that in mind, refinancing your home may be exactly the answer to some of your biggest worries right now, like “how am I going to get through the holidays and pay my property taxes”? Owning a home is not only the
Archives for December 2020
As a lender, you might be wondering what basics we look for with each client who is hoping to get pre-qualified. Below is a basic version to give you an idea of what we are looking for, and a handy acronym (CIA) to help you remember it: Credit (C) – The first part are your Credit Scores, which are and always will be important for home ownership
Title insurance protects the insured from a financial loss related to the ownership of a property. There are two policies involved in a home loan closing. The first is the lender’s policy, which is required, and the second is the owner’s policy. Both are a one-time, upfront cost that will be included on the settlement statement to be
If you have been following my blog series, you know we’ve already discussed a multitude of various items in term of lending and what it looks like. Most recently we laid out a case study breaking down how the right asset-based loan can work and enhance your ability to buy and renovate your investment property. “Hard Money vs Private Money” walked
Hello again fellowinvestors! With the explosion of the “Asset Based Lending,” there is so much built around the theory of using other people’s money to invest. This process can be applied to Fix and Flips or Buy and Holds. You will want want to have your planned exit strategy in place prior to embarking on a specific property, or loan options.
You have created your LLC, now what? Now it’s time to apply for an EIN. What is an EIN? EIN stands for Employer Identification Number and is a 9-digit number specifically used to determine identification. It is also used for tax purposes. How To Apply for an EIN? First, you’ll want to visit the IRS website for EINs. It is broken down