Financing Options
What is Financing? Financing is a fancy way to say securing funds when it comes to potential deals. There are many ways to find funding to help you get started in real estate. Following are examples:
Traditional Mortgage - Conventional home loan by banks
FHA - Government backed loans with low down payment
203k - Similar to FHA loan helping purchase of older and/or damaged properties that want rehabilitation
Home Equity - Homeowners can use their current real estate equity of other properties to get a loan using said equity as collateral
Hard Money - Short term loans
Private Money - Money from Personal connections
Seller Financing - Buyer and Seller come together brokering a deal among themselves
Feel free to reach out to me if you have financing questions or to connect with a trusted licensed lender.