Jackie Davis
(203) 258-9912JACKIE.DAVIS@RAVEIS.COM
LoginSignup

Tag: Loans

Best and Most Cost-Effective Ways to Pay for Home Improvements
Posted on 04/21/2024
Best and Most Cost-Effective Ways to Pay for Home Improvements
While qualified borrowers often like to have choices, having too many funding options can get confusing. If you are considering borrowing money to upgrade your home, here are a few things to consider. How Do Home Improvement Loans Work? It’s essential to understand that the term “home improvement loan” is not precise. This type of borrowing typically involves...
Budget
Budget
+ 10 more
Read More
A First-Time Homebuyer's Guide to VA Loans
Posted on 01/01/2023
A First-Time Homebuyer's Guide to VA Loans
If you've served in the U.S. military, a VA loan might be an excellent way to finance your first home. If you're interested in using this benefit, it's important to know the steps involved. Here is a basic guide to buying your first home with a VA loan: Get Your Certificate of Eligibility A certificate of eligibility from...
Buying
Buying
+ 7 more
Read More
Loan Options for Financing a Home Flip
Posted on 12/18/2022
Loan Options for Financing a Home Flip
Financing a new home purchase is a common subject among potential homebuyers and lenders. However, if you want to flip a home by enhancing an existing property and selling it for a profit, you may also require funding. Luckily, there are financing options for flipping homes if you know where to look. Here are some basic tips for...
Funding
Funding
+ 13 more
Read More
Posted on 10/23/2022
The Best First-Time Homebuyer Options for Veteran Loan Programs
The U.S. Department of Veteran Affairs offers financing options for first-time homebuyers who've served in the military. Knowing the different kinds of VA loans available will help you determine the best option for your home buying plans. It can also help you prepare for the application process and find your eligibility. Here are the basic types of VA...
First Time Homebuyer
Homebuyer
+ 4 more
Read More
Posted on 09/12/2021
House Flipping Loans: Key Factors to Keep in Mind
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...
Fix And Flip
Flipping
+ 3 more
Read More
Posted on 07/04/2021
How is a Land Contract Different than an Mortgage?
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
Financing
Loans
+ 1 more
Read More
Posted on 06/06/2021
New Construction Financing: 5 Tips to Help
Photo by Anthony Shkraba from Pexels Building your new home should be a rewarding experience, but it's important to know how the financing for a new construction is different from the financing for a previously owned home. You will need a specific type of loan called new construction loans, and they can be harder to get than a...
Construction Loan
Credit Score
+ 4 more
Read More
Posted on 04/11/2021
Will Lenders Offer Loans for House-Flipping? It Is Possible
Image by Kevin Schneider from Pixabay Some people just have an entrepreneurial spirit and a willingness to roll up their sleeves and get things done. But more than a few people feel restrained from maximizing their business potential because they don’t seem to have enough cash on hand. The good news is that you don’t necessarily need deep...
Flipping
House Flipping
+ 2 more
Read More
Posted on 02/02/2020
Thing You Need to Know About Applying for a Jumbo Mortage
Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps...
Mortgage
Jumbo Loan
+ 1 more
Read More
Posted on 07/21/2019
Reasons Your Mortgage Application Could Get Rejected
A wise man once said to hope for the best, but plan for the worst. When you’re contemplating buying a house, even before beginning the actual application itself, it’s helpful to consider what could possibly lead to its rejection. This is especially important if you’ll be applying for your home loan at a traditional bank. These are particularly...
Mortgage
Loans
+ 1 more
Read More
Posted on 05/26/2019
Pay Off Debt to Afford a Mortgage
The cost to attend university continues to rise, putting pressure on students to afford an education. While some universities assist their students, many raise their prices to contend with operating costs. As a result, students leave school with mounds of debt that impede their quality of life. Paying off student loans starts by laying the appropriate groundwork, which...
Down Payment
Loans
+ 1 more
Read More