Fix and flip loans use a different repayment structure than a traditional mortgage. Understanding these differences helps you manage cash flow throughout your project. Monthly Payments Our fix and flip loans require monthly interest-only payments on the funds you’ve drawn. This means your payments ...
While conventional loans require a credit score of 620 or higher, other loan types have more flexible credit requirements. For example, Griffin Funding makes it possible for borrowers with a credit score as low as 550 to qualify for a VA loan. Keep in mind that a higher credit score ...
The DSCR is often a reporting metric required by lenders or other stakeholders that must monitor the risk of a company becoming insolvent. You should calculate the DSCR whenever you want to assess the financial health of a company and its ability to make required cash payments when ...
Along with repossession, the credit score will also go down. Conversely, when loans are not secured, the lender turns the case over to collections which notify the credit companies and downgrade the score. The situation does not usually go any further. Secured loans include auto loans, home e...