Tips for Flipping Houses from a Finance Perspective

​​We all know that there is no such thing as a get-rich-quick scheme, but flipping houses may come close. Real estate is usually a solid investment, and if you find the right property in the right neighborhood, you may be able to make some strategic improvements and sell it for a profit in a relatively short time.

Like any investment, house flipping has risks. If a flipper miscalculates remodeling costs or chooses the wrong area to buy, they could lose money. Making money flipping houses requires doing research, picking the right property at the right price, and having the patience to allow property values to rise sufficiently to yield a profit.

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How To Get A Mortgage

Homeownership is an aspiration for most Americans. During the COVID-19 pandemic, there has been a spike in home sales. According to the U.S. Census Bureau, there were approximately 82.8 million homeowners in the United States, which is an increase of 2.1 million over the previous year. Anyone can buy their own home if they can get a mortgage.

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Mortgage Rate Perks with iQCU

Buying a house is probably the biggest financial commitment you will make in your lifetime, which is why finding the right mortgage seems so intimidating. Mortgages don’t have to be scary if you know how to look for the best mortgage rate, monthly payments that fit your family budget, and minimal fees.

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Tips You May Not Already Know for Buying a Home

Buying a new home is a big commitment, probably one of the biggest in your life, and when you decide you are ready to buy, it’s a time of real excitement. However, you can’t let your enthusiasm get in the way of common sense. There is a significant amount of time and energy, not to mention paperwork, that goes into buying a house, and it’s easy to overlook things. That’s why we wanted to provide some tips for buying a home.

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Deciphering the Types of Loans (A Quick Guide)

Wouldn’t it be great if you could pay for everything in cash and avoid debt? The challenge is that no matter how much you save, there are going to be expenses that are just too costly, such as buying a car, paying for college, buying a home, or paying unexpected medical bills. You want to be able to borrow money when you need it, so you should familiarize yourself with the types of loans that are available.

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4 Steps to Smart Homebuying: Your Mortgage Loan Prep Checklist

The housing market has never been hotter. Mortgage rates are still very low, and coming out of the pandemic slowdown of 2020, homebuyers are actively shopping. In such a competitive real estate market, it pays to be prepared so you can move quickly when you find the right home, especially when it comes to qualifying for a mortgage loan.

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How to Calculate Your Home Equity Line of Credit

Homeownership is something that many people dream about. Owning your own home offers benefits beyond owning a place to live—the biggest being that it allows you to build home equity. Your home is likely to be the most expensive purchase you will ever make, and it will be your most valuable asset, so accessing the untapped value of your home offers many advantages.

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The Benefits of Building Equity in a Home

Your home is probably the most valuable asset you will ever have. Whether you own your home or have investment property, real estate is typically a good investment because property values historically increase over time. From the moment you buy a house, you are building equity in a home—equity that can be converted into cash.

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Buying Your First Home: Expectations vs. Reality

Everyone dreams of buying their first home, and if you are like most people, you have been saving and fantasy shopping on Trulia, Zillow, and Realtor.com to see what the prices are like in your ideal neighborhood. You think you may have saved enough for a down payment, but how much do you really need to buy a house? The reality may be different from your expectations, especially if you are buying your first home.

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Terms You Should Know When Buying a House

There is no question that buying a new home is stressful. It’s even more stressful if you don’t understand the lingo. The world of real estate and home loans has a language all its own and you don’t want to need an interpreter when you are looking at properties or qualifying for a mortgage.

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