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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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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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 at record lows, 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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Saving Your Way to a New Home

Have you always dreamed of owning a home but felt you couldn’t afford it? There are many possibilities, and owning a home is within reach! Chances are that even with your current household budget, you can put aside enough savings for a down payment on a house in one or two years, maybe even less. It’s all a matter of how you manage your money.

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6 Homeowner Expenses to Keep in Mind

In the past, we have written about creating a household budget and managing the family expenses. There are some costs, such as groceries and utilities, that you will incur no matter what your living situation, but if you own your home, you will have homeowner expenses that you may not have anticipated. 

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Your Quick Guide to Home Ownership

You’ve been out of college for a few years and you finally have enough money saved for a down payment. Are you ready to buy a house? Purchasing a home is one of the biggest purchases you’ll ever make, if not the biggest. High-involvement purchases require a lot of prep work and research prior to, and a decent amount of upkeep following. Here is our quick guide to home ownership to help get you on the right path.

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Renting vs. Buying a Home

Shopping for your first humble abode is one of life’s biggest milestones. It’s also one for your savings account! You’re finally on your own, with no parents, no dorm advisorsmaybe just one or two roommates to split the cost and binge watch Westworld with. But with great power comes great responsibilityat least according to Spider-Man’s uncle. The big question: rent vs. buy? The matter of buying versus renting crosses every shopper’s mind. Renting an apartment is usually the next step after leaving the dorms because certain things are still taken care of by the complex. Broken water pipe? The building will fix it. Fridge making weird noises? Maintenance will be in to take a look at it.

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