Posts Tagged: getting a loan with bad credit

Don’t Make These 7 Personal Loan Mistakes

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Don't make these 7 mistakes with personal loans

At some point in your life, you will probably be applying for a personal loan to finance your dream home. However, it is important for you to be extra careful when applying for a personal loan. There are a few common mistakes people make that end up jeopardizing their financial status. Let’s have a look at a list of seven common mistakes that people tend to make while availing a personal loan, or an installment loan. 1. Grabbing the first loan that is offered Since an individual loan is an unsecured loan which does not require you to provide collateral, the rates of interest are…
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6 Reasons Hard Money Loans Can Be A Smart Choice

Posted by & filed under Hard Money Tips.

private money lender

Due to your credit history, risk elements of your property, or other reasons, your investment, commercial, or residential loan request may not be approved by conventional lenders like banks because the loan scenario does not fall within their standard risk parameters. In such circumstances, hard money loans come in handy. This article will discuss top six reasons hardy money loans can be a smart choice for you. What are the benefits that make hard money loans a smart choice? 1. Hard money loans fund projects that conventional lenders will not want to even consider. There are situations a bank or some other traditional lender would…
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4 Ways to Boost Your Fix and Flip Profits

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Buy, sell, fix and flip profits concept

There is no single recipe for success when it comes to fix and flip enterprises. Like buying a home with bad credit, you sometimes have to rely on others and work with what you’ve got. That said, you’re not reinventing the wheel. There are steps you can take to choose wisely and maximize profits. Here are a few strategies to try. 1. Buy In Up-and-Coming Areas If you can buy in areas that are undergoing revitalization, you stand to see lower costs, quicker turnaround, and greater profits in the process. You just have to be careful that you don’t get in too early, when sales…
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How to Get a Fix and Flip Loan for an Investment Property

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How to get a flip/fix loan for investment property

With the job loss and belt tightening since the onset of the Great Recession, many people have been wary of investments. However, now that the economy is in full recovery mode, adults young and old are beginning to once again consider how to make their money work for them now and in the future.  It’s hard to argue the merits of buying low and selling high in a flourishing real estate market. Of course, some of us are still recovering from the recession and trying to get our personal finances back in order after job loss, home foreclosure, or other financial issues. If you’ve ever pursued the prospect…
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How to Get a Home Loan With Bad Credit

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You can still find a mortgage for your home even with bad credit, but you'll need to look at alternative sources of financing.

It is truly disappointing that basic classes in finance and accounting have yet to be added as mandatory coursework for our nation’s high schools or colleges. When it comes to preparing America’s youth for life in the adult world, lessons like managing accounts, balancing budgets, and building credit are paramount for financial success. And yet, we release youngsters into the world without so much as a single lesson pertaining to saving money, spending wisely, and properly utilizing credit in preparation for the future. The end result, as expected, is a lot of adults trying to dig themselves out of debt and learning the hard way…
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