The Ultimate Guide to Navigating the Best Home Loan Rates in Los Angeles
I. Understanding the Basics of Home Loan Rates You’ve made it this far, friend! So, let’s first uncover the foundations before we step into the grey areas of home loan rates. Buckle up! A. Definition and Importance of Home Loan Rates The home loan rate, or the proverbial price tag on your home loan, is […]
The Complete Guide to Understanding Different Types of Home Loans
When purchasing a home, the wide range of home loan options can seem overwhelming for both first-time and experienced homebuyers. Choosing the right mortgage is an important decision that impacts not only your financial position but also your future comfort and financial security. Save Financial, your leading home loan, mortgage, and hard money lender serving […]
Use Hard Money Loans to Buy Investment Properties
Use Hard Money Loans to Buy Investment Properties Investing in real estate can be a challenging and rewarding experience. One of the hurdles that many investors face is securing financing to purchase the properties they want. Conventional bank loans can be time-consuming and difficult to obtain, especially if you’re looking to invest in properties that […]
5 Questions You Should Ask your Hard Money Lender
Taking out a hard money loan can be one of the best ways to grow your real estate investment portfolio. Hard money loans fund fast, have simple guidelines, and focus on the collateral. But now to lenders are created equal. Before you apply for a hard money loan, here are some questions to ask your […]
What do Hard Money Lenders Look for in Applicants?
If you’re thinking about applying for a hard money loan to expand your real estate portfolio, you probably wonder what hard moneylenders look for in applicants. The requirements aren’t a lot different from any other loan program, but they can be more flexible. Since hard money lenders focus on the collateral rather than the borrower, […]
4 Ways to Lower your Interest Rate on Rehab Loans
If you’re borrowing money to buy and fix up a home, you’re going to pay higher rates than you would if you bought a home ready to move into. Does this mean you have to pay excessive rates? It doesn’t. At Save Financial, we want our borrowers to understand how to get the best interest […]
The Pros and Cons of Bank Statement Loans
Bank statement loans give borrowers with non-traditional income a chance to get approved for a mortgage. This isn’t your traditional loan from a Fannie Mae or Freddie Mac lender. It’s a loan from a private bank that will use your bank statements in place of traditional income documentation, including pay stubs and tax returns. There […]
What Happens to Housing Prices When Interest Rates Increase?
Over the past two years, home prices have been on the rise. Buyers have been paying prices higher than the home’s value just to beat out the competition. This has caused prices to skyrocket. But now there’s a compounding issue – interest rates are rising too. So, what’s happening to housing prices, and will buyers […]
5 Reasons Hard Money Loans are Better
When you hear hard money loan, you likely cringe. That’s because certain ‘bad lenders’ made a bad reputation for hard money loans when in reality there are many reasons to like them and consider using them. If you don’t understand how hard money loans can be good, keep reading to learn the top 5 reasons […]
Bank Statement Loans FAQ
You’ve likely heard of bank statement loans and wonder how they work. What would a lender accept for a bank statement loan? Can you really get approved without using your tax returns? We’ve answered the most commonly asked questions about these loans below to help you understand. Who Should Use a Bank Statement Loan? Bank […]