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What is an advance rate?
An advance rate is how much money can be funded from a loan as a percentage of some other number,…
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What is a settlement statement?
A settlement statement is an itemized list of all fees and charges that the buyer and seller will pay at…
What is an appraisal?
An appraisal is a document prepared by an appraiser which that shows the as-is value (and sometimes also the after-repair…
Glossary
A glossary of terms used in real estate investment finance advance rate after-repair value AIV ALTA statement appraisal ARV as-is…
What does the process of getting a hard money loan for a fix & flip look like?
Reading time: 6 minutes Question: What does the process of getting a hard money loan for a fix & flip…