Quick access to funding: With a Fix and Flip loan program, you can get the financing you need in as little as a few days. This can be beneficial when you’re competing with other buyers for a property.
Flexible terms: Fix and Flip loans are flexible and can be customized to meet your specific needs. You can often choose from different repayment terms and loan amounts.
No prepayment penalties: Unlike some traditional loans, most Fix and Flip loans don’t have prepayment penalties. This means you can pay off the loan early without incurring additional fees.
Higher approval rates: Fix and Flip loans have higher approval rates than traditional loans because they are based on the potential resale value of the property rather than your credit score or financial history.