How To Flip Houses
Flipping a home involves purchasing a property, renovating it, and then selling it to make a profit. House flippers generally choose homes that another homebuyer isn’t able or can’t afford to renovate and improve the home to make it move-in ready and appealing to home buyers. Keep in mind that if you have $20,000 to work with you won’t want to start looking for a home in a market where homes start at $1,000,000. Make sure you line up your financing well before you need it and use reputable contractors to perform the renovations. Using contractors that have a good reputation makes it less likely they will charge you more halfway through the renovations or delay the process. Once your renovations are complete – it’s time to sell!
All About Investment Mortgages
There are many benefits of becoming a real estate investor, the main benefit being the guarantee of additional consistent monthly income. If you’re wanting to own a second home to rent it out to make a profit, consider looking into investment mortgages. The process of getting a mortgage for a primary residence is very different from the process of acquiring an investment mortgage. You will need to make a minimum down payment on the investment property as well as meet all required criteria to get a loan. If you’re wondering how to get a private mortgage, Burlington mortgage brokers can give you advice and help you determine the next steps. At HW Advantage, we take away the guesswork and help you feel more confident about the choices you make.
Is Getting a 2nd Mortgage the Right Decision for You?
What is a 2nd mortgage? It’s a separate mortgage that is acquired by a person who already has a mortgage and would like a second one to purchase another property. Having a second mortgage means that you will be paying off two mortgages at the same time. If you want to learn more about 2nd mortgages or how to get a mortgage pre-approval, contact HW advantage to get advice and the best mortgage rates in Burlington.
A Knowledgeable Mortgage Broker – Burlington, HW ADVANTAGE
We can help give you expert advice on your mortgage options and the home buying process. If you live in Burlington, Oakville, or Hamilton, contact us today. We will find you the best mortgage rates! You can either call us at 905-542-6961 or you can fill out the form here. We can take the guesswork out of all things related to mortgages!