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Sunday, March 23, 2025
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HomePosts Tagged "Approval process"

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Fix and Flip Loans
Finance

Fix and flip loans vs. Traditional mortgages – What’s the difference?

Gloria GovanGloria Govan
Traditional mortgages serve homeowners seeking long-term residences, typically extending 15-30 years, with fixed interest rates and stable monthly payments. These loans prioritize borrower income stability and credit history during approval processes. Conversely, fix and flip loans focus on short-term property rehabilitation projects, usually maturing within 6-18 months. This fundamental difference...