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1 week ago | 
lendedu.com | Cassidy Horton |Erin Kinkade
A home equity line of credit (HELOC) lets you tap into your home’s equity when you need extra cash. But how big of a HELOC can you actually get? Most lenders allow you to borrow up to 85% of your home’s value, minus your remaining mortgage balance. But your actual limit depends on other factors too. Here’s how to calculate your borrowing power, compare lender limits, and increase your chances of qualifying for a larger HELOC.
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2 weeks ago | 
lendedu.com | Deb Hipp |Erin Kinkade
The reverse mortgage age requirement for borrowers and spouses for a federally insured reverse mortgage is 62 years old. In certain cases, however, homeowners as young as 55 may qualify for another type of reverse mortgage loan. A reverse mortgage is a loan that allows homeowners who own their homes outright or have a large amount of home equity to convert that equity into payments to themselves.
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1 month ago | 
lendedu.com | Catherine Collins |Erin Kinkade
Si está endeudado, no está solo. Según los últimos datos de la Reserva Federal, la deuda acumulada de los hogares estadounidenses ha aumentado desde el último trimestre y ahora asciende a la sorprendente cifra de 17,94 billones de dólares. No es raro estar pagando préstamos estudiantiles, deudas de tarjetas de crédito, un préstamo de coche, una hipoteca, facturas médicas y más, todo a la vez.
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Jan 16, 2025 | 
lendedu.com | Catherine Collins |Erin Kinkade
One of the best ways to save money over the course of your lifetime is learning how to improve your credit score. Having good credit enables you to qualify for the most competitive interest rates, which can save you thousands of dollars when it comes to refinancing loans or making large purchases like buying a house or car. In this article, you’ll learn dozens of strategies to improve your credit score, from quick fixes to long-term habits that can positively impact your credit score over time.
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Mar 22, 2024 | 
lendedu.com | Lauren Ward |Erin Kinkade
The rise in house flipping for profit is expected to continue over the next few years. One firm estimates 24 million homes are entering the right age for renovations, potentially expanding opportunities for home flippers nationwide. But most rehabbers don’t pay cash for these projects. Instead, they use fix-and-flip loans to finance purchasing and renovating properties before reselling them for a profit.
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Mar 14, 2024 | 
lendedu.com | Lauren Ward |Erin Kinkade
Small business loans help companies with financial challenges and opportunities, from smoothing out inconsistent cash flow to funding new areas for growth. Unlike established businesses, startups face an additional hurdle when applying for financing because they don’t have as much history. Some lenders require a minimum time in business before allowing companies to apply for a loan. Others want to see a track record of revenue. These requirements can be hard for startups to meet.
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Mar 12, 2024 | 
lendedu.com | Cassidy Horton |Erin Kinkade
Sun-kissed vineyards, tech-savvy cities, and the allure of Hollywood—the Golden State is not just a land of dreams; it’s a vast playground for entrepreneurs. With the right small business loan, you could get the capital needed to start up, scale up, or simply keep up with California’s relentless pace of innovation. But which small business loan provider is right for you? Our team spent hours uncovering the best small business loans in California.
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Mar 11, 2024 | 
lendedu.com | Rebecca Lake |Erin Kinkade
Fix-and-flip loans are short-term loans that allow real estate investors to buy properties and make improvements to resell them for a profit. Fix-and-flip loans typically have slightly higher interest rates than traditional mortgages. It’s possible to find fix-and-flip lenders that offer 100% financing. You can use fix-and-flip loans to buy commercial or residential properties.
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Mar 5, 2024 | 
lendedu.com | Lauren Ward |Erin Kinkade
Fix-and-flip loans provide financing for purchasing and rehabbing properties quickly. Then the buyer sells (or “flips”) the property to repay the loan balance and make a profit. While many people associate flipping with residential homes, it’s also possible to flip commercial properties, such as offices, retail shops, warehouses, and industrial facilities. To finance these projects, you must identify lenders offering commercial fix-and-flip loans.
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Feb 28, 2024 | 
lendedu.com | Cassidy Horton |Erin Kinkade
Looking to finance your next real estate flip? A fix-and-flip loan is not your average financing tool. It’s a specialized, short-term loan designed for investors looking to purchase, renovate, and quickly sell a property at a profit. With quick funding, lenient credit requirements, and higher loan-to-value ratios, fix-and-flip loans allow investors to quickly capitalize on time-sensitive opportunities, transform properties, and profit.
