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How to Get a Loan to Flip a House – If you have no cash of your own to invest, getting started in house-flipping is not an easy proposition. This isn’t 2005 when anyone who could fog a mirror could get a mortgage with nothing down.
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How to Get Approved for a Mortgage – Before completing a mortgage application or even strolling through an open house, you’ll want to know these things: Your monthly income. The sum of your total monthly debt payments (auto loans, student loans and credit card minimum payments) Your credit score and any credit issues in the past few years.
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How Construction Loans Work When Building a New Home – At that point, you then get a mortgage for the house you’ve built, which will pay off the balance of your construction loan. There are no prepayment penalties with a construction loan so you can pay off the balance whenever you like, either when it comes due or before then (if you have the means).