Rilian Ball

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The Risks of Using a Mortgage for House Flipping

August 1, 2025 by Rilian Ball

House flipping, the practice of buying a property, renovating it, and quickly selling it for a profit, can be an exciting and potentially lucrative investment strategy. However, financing a flip with a traditional mortgage carries significant risks that investors should carefully consider before proceeding. Higher Interest Rates and FeesTraditional mortgages typically offer lower interest rates for long-term homeownership, but they are not designed for short-term investments like flipping. Many … [Read more...]

Filed Under: Home Financing Tips Tagged With: House Flipping, Investment Property, Mortgage Risks

What Sellers Need to Know About Becoming a Lender with Creative Financing

March 13, 2025 by Rilian Ball

Creative financing can be an attractive option for sellers, especially those with significant equity. One popular approach is carrying back a second mortgage, where the seller effectively becomes a lender to help the buyer complete the purchase. While this can be a beneficial arrangement, it’s essential to understand the risks and the protections available, particularly regarding lender’s title insurance. Why Consider Carrying Back a Second Mortgage? Let’s say you own a home … [Read more...]

Filed Under: Home Financing Tips Tagged With:  Creative Financing, Mortgage Tips, Seller Financing

How Can I Get Removed from a Mortgage as a Co-Signer?

February 7, 2025 by Rilian Ball

Being a co-signer on a mortgage can be a significant financial commitment, one that you might not want to maintain indefinitely. Whether your circumstances have changed, or the primary borrower is now in a position to manage the loan independently, it’s understandable to want to remove your name from the mortgage. While the process can be complex, there are several pathways to achieve this goal. Here's what you need to know.Understanding the Role of a Co-SignerWhen you co-sign a mortgage, … [Read more...]

Filed Under: Home Financing Tips Tagged With: Loan Assumption, Mortgage Tips, Refinancing

Can You Be a First-Time Homebuyer Again?

January 29, 2025 by Rilian Ball

Purchasing a home is a significant milestone, and first-time homebuyer programs make the process easier for many stepping into homeownership. But what if you’ve owned a home before or are currently a homeowner? Can you qualify as a first-time homebuyer again? Surprisingly, the answer is yes. Under certain conditions, you may be eligible for these programs more than once. Here's a closer look at how it works, the eligibility criteria, and how to make the most of these opportunities. Who … [Read more...]

Filed Under: Home Financing Tips Tagged With: Affordable Housing, First Time HomeBuyer, Home Buying Tips

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Rilian Ball


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NMLS # 202687

Call: (559) 697-5322
info@firstcg.com

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Recent Articles

  • The Risks of Using a Mortgage for House Flipping
  • Should You Get a Mortgage If You Plan to Move Soon?
  • How to Remove PMI Without Refinancing
  • The Effect of Local Job Markets on Mortgage Lending

Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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