If you are looking to purchase a dilapidated home, fix it up, and flip it, you may be wondering what financing option is available to you. One of the types of loans that are specifically designed for this type of real estate is a short-term fix-and-flip loan, also referred to as a hard money loan or rehab loan. If you are considering taking on this type of project, you may find yourself wondering what the benefits of a short-term fix-and-flip loan are compared to a traditional mortgage loan. [Read More]
3 Reasons People Choose FHA Loans
There are a lot of different types of loan packages you can choose from if you need a loan to purchase a home, but FHA loans tend to be one of the most popular option for buyers. If you do not know a lot about loan types and are wondering why people choose these loans over other types, here are the top three reasons you should know about as you decide what type of loan to apply for. [Read More]
What Do You Need To Apply To A Qualified Purchaser?
Vendors doing business with the state of Illinois have been subject to long delays in payments that have made the state a fairly unpredictable customer to deal with. Instead of risking the loss of business from these vendors, the state began a special vendor program that allowed financial companies to act as intermediaries. Vendors with late invoices can send the invoices to these intermediaries, called qualified purchasers, and receive most of their expected payment on a faster schedule, with the purchaser then waiting for the state to catch up. [Read More]
Three Misconceptions About Bail Bonds To Be Aware Of
Have you been tasked to get a bail bond so that someone can be released from jail? If so, you may have some misconceptions about the process before you start it. Here are three misconceptions about bail bonds that you need to know before moving forward. Misconception #1: You Must Pay For The Entire Bond With The Bail Bond Many people think that when it comes to getting a bail bond, you must get one that is worth the entire bail amount, resulting in paying a premium on everything. [Read More]