Kimberly Sporich

NMLS # 303301

972-692-0640

Kim.Sporich@lifestylesfinance.com

Articles

How Hard Money Loans Differ from Traditional Mortgages: Key Insights

How Hard Money Loans Differ from Traditional Mortgages: Key Insights

If you are investing in real estate and need financing, you might be thinking you have two options: a traditional mortgage or a hard money loan. Though most people understand the basics of a traditional mortgage, many may wonder, what is a hard money loan

Jun 13, 2024 | Hard Money Loans

Clearing Up Percentage Confusion

Clearing Up Percentage Confusion

There’s been a change in how some lenders are advertising LTVs (or Loan to Values) in hard money loans: Borrow up to 90% of the purchase price and up to 100% of the rehab cost.  At first glance, you might think you are getting a higher loan amo

May 06, 2024 | Hard Money Loans

Hard Money Q&A with Scenario

Hard Money Q&A with Scenario

What Is a Hard Money Loan?    A hard money loan is a short-term, higher-interest loan, that provides real estate investors with the ability to acquire and repair 1-4 family investment properties. These loans are typically for 6-12 months, with i

Apr 25, 2024 | Hard Money Loans

The Essential Role of Mortgage Calculators when Buying a Home

The Essential Role of Mortgage Calculators when Buying a Home

Homeownership is the ultimate dream for many, representing not just financial security but also a healthier, happier life. However, this journey involves more than just picking the perfect house; it's about making mindful choices, understanding your finan

Apr 09, 2024 | Purchasing a Home

What Closing Costs and Fees Do I Have to Pay with a VA Loan?

What Closing Costs and Fees Do I Have to Pay with a VA Loan?

As you embark on the journey of acquiring a VA loan, the U.S. Department of Veterans Affairs (VA) bestows upon you a unique and potent financial instrument. VA loans are celebrated for their generous terms, such as minimal or even non-existent down paymen

Apr 02, 2024 | VA Loans

Should I Sell or Rent my Home when I move?

Should I Sell or Rent my Home when I move?

Embarking on the exciting adventure of relocating to a new city brings with it a cascade of decisions, and one of the most pivotal choices revolves around the fate of your current home. The question looms large: Should you rent it out or sell it? Each ave

Mar 26, 2024 |