Stephanie Colestock

A fix-and-flip loan is short-term funding that real estate investors use to buy a property that they fix up and resell for a profit. This is known as “house flipping.” Fix-and-flip loans can include funding for the property and renovation expens... read more

At least three business days prior to closing on a home mortgage, buyers will receive a closing disclosure. This important document summarizes all of the details of a new home loan and what’s owed in order to close on the purchase. It’s critical... read more

When taking out a new home loan, compare your options on a 15- vs. 30-year mortgage term to find the best choice for you. Depending on which loan you choose, your monthly payment and interest rate may change. So, which is better? Here’s a look at ... read more

Are you wondering, should I pay off my mortgage early? Depending on the loan you choose, it can take decades to pay off a home mortgage debt. But if you later discover you have some extra wiggle room in your budget, paying off your mortgage early ca... read more

Adding a loan contingency to a home purchase offer can help ensure that you’re protected and have a way out of the contract, if needed. Buying a home is a huge financial investment, after all. That’s why many home purchase contracts include ... read more

Whether you’re taking out a new mortgage loan or refinancing an existing loan, your home’s loan-to-value, or LTV, ratio will come into play. But what is LTV on a mortgage? This ratio compares your loan amount to what your home is actually worth,... read more