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Ryan Cotter
First-time Buyers: How first-time buyer programs work If you’re in the process of buying your very first home, there are some buying programs out there you may want to take advantage of. First-time buyer programs are just that. They’re geared towards first-time homebuyers, and they’re available in cities and counties all across the nation. Specifically,...
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Side Hustles to Help you Save for a Down Payment  Affording your monthly mortgage payment is just part of owning a home. Most homebuyers also put down a down payment, which in turn helps make that mortgage a bit more manageable. The down payment you’re responsible for is dependent on which type of loan you...
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Making the move with a bridge loan If you’re ready to move on from your old home, but it still hasn’t sold, you may want to consider applying for a bridge loan. Essentially, the loan helps you move on to a new property, by providing an immediate, short-term loan. In this situation, you’re able to...
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FHA 203(k) guidelines – How to use one loan to buy and fix up a home   While some people are drawn to move-in ready homes, others welcome the chance to tackle a more challenging fixer-upper. Making even just a few key improvements to a home can help you quickly build up equity.  One challenge,...
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FHA 203(k) – Tips on finding and hiring a contractor If you’ve already done your homework and you understand everything there is to know about an FHA 203(k) loan, it’s now time to hire a good contractor. This is an extremely important part of the process because you want to make sure the work is...
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Bridge loans vs bank loans: The key differences If you’re hoping to buy a new home, but you still own an existing home, you know the financial stress of potentially owing on two mortgages at the same time. That’s why some homeowners seek out a bridge loan. A bridge loan helps you buy some time...
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Pros & Cons of the Owner-Occupant Model  If you’re ready to secure financing, you probably already know there are several different loans out there to consider. The owner-occupant model is one type of financing that can be extremely beneficial to certain buyers in certain situations. In the case of a multi-family property, with the owner-occupant...
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If you’re ready to buy a home, you’re probably already thinking about how you’re going to handle that down payment. Many times, potential homebuyers don’t even know how much money they need to put down. While there are certainly other considerations, a down payment is at least partially tied to a home’s sale price. For...
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Multi-family investments: Financing tips for multi-family units A multi-family property can be a great investment, but financing one isn’t necessarily the same as financing any other residential property. That’s because, it terms of financing, the overall number of units determines whether a multi-family property is considered residential or commercial. Not only is the type of...
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Investing in a multifamily home can be a savvy way for a Chicago home buyer to live cheap, generate passive income, and ultimately build long-term wealth. In lending terms, multi-family homes with up to four units are considered residential, meaning you can purchase them with a a mortgage just like you would an ordinary single-family...
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