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
Stephanie Colestock is a Washington D.C.-based finance writer who enjoys teaching others about loans, credit and debt, insurance and investing. You may come across her work on sites such as Investopedia, MSN, Credit Karma, LendingTree, Quicken, and more. She has a bachelor’s degree from Baylor University and is currently working toward her CFP® (Certified Financial Planner) certification.
Articles by Stephanie Colestock
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
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