Rilian Ball

First Capital Group

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Maximizing Your Profits: A Guide to Utilizing Construction Loans for Fix-and-Flip Projects

March 5, 2024 by Rilian Ball

Fix-and-flip projects can be lucrative endeavors for real estate investors, but they often require a significant upfront investment. One key financial tool that savvy investors use to fund these projects is a construction loan. We will examine how you can leverage construction loans to maximize your profits in the fix-and-flip game. Understanding Construction Loans:A construction loan is a short-term financing option designed specifically for real estate development projects. Unlike traditional … [Read more...]

Filed Under: Mortgage Tips Tagged With: Constrcution Loans, Mortgage Options, Renovation

Comparing Temporary and Permanent Mortgage Buydowns

November 16, 2023 by Rilian Ball

When it comes to mortgages, a "buydown" generally refers to paying an extra fee upfront to reduce the interest rate over a specific period. There are typically two types: temporary buydowns and permanent buydowns. Permanent Buydown: With a permanent buydown, the borrower pays extra fees at the beginning of the loan to permanently reduce the interest rate over the entire life of the loan. This differs from a temporary buydown because the reduced rate remains constant for the entire loan term, … [Read more...]

Filed Under: Mortgage Tips Tagged With: Mortgage, Mortgage Buydowns, Mortgage Options

What Are The Pros And Cons Of ‘No-Deposit’ Mortgage Deals For First-Time Buyers?

October 26, 2023 by Rilian Ball 1 Comment

"No-deposit" mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals: Pros: Lower upfront costs: The most significant advantage of a no-deposit mortgage is that it eliminates the need for a substantial upfront deposit. This can be beneficial for first-time buyers who may struggle to save a large sum of money for a deposit. Increased affordability: With a … [Read more...]

Filed Under: Home Financing Tips Tagged With: Applying For A Mortgage, Mortgage Options, No Money Down

What is a Closed-End Second Mortgage?

October 25, 2023 by Rilian Ball Leave a Comment

A closed-end second mortgage is a type of loan that allows a borrower to obtain a lump sum of money using their home as collateral. It is considered a "second" mortgage because it is taken out in addition to the borrower's primary mortgage. The term "closed-end" refers to the fact that the loan has a fixed amount and a predetermined repayment schedule. This means that once the borrower receives the lump sum, they cannot access any additional funds from the loan. The repayment schedule typically … [Read more...]

Filed Under: Home Mortgages Tagged With: Closed End Mortgage, Mortgage Options, Second Mortgage

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Rilian Ball


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NMLS # 202687

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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