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Fix & Flip Loans
What are the interest rates on fix and flip loans?
Interest rates on fix and flip loans are typically higher than those on traditional mortgages, ranging from 8% to 14% or more, depending on the lender, the borrower's qualifications, and the loan-to-value (LTV) ratio.
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Related Questions
What is a fix and flip loan?
A fix and flip loan is a type of short-term loan used to finance the purchase and renovation of a property with the inte...
How do fix and flip loans work?
Fix and flip loans provide the funds needed to purchase a property and cover the costs of renovations. Once the renovati...
What are the eligibility requirements for a fix and flip loan?
Eligibility requirements vary by lender, but generally include a credit score of 620 or higher, a down payment of 10-20%...