Our Blog
Thinking about buying a new home but not sure how to go about it? At Thrive Lending Group, we’re committed to making it as easy as possible for homebuyers to make wise real estate decisions. Check out our blog for more information!
How to Make Money Flipping Houses: A Guide to Fannie Mae’s HomeStyle Renovation Loan
How to make money flipping houses is a question that intrigues many in the real estate world. Flipping properties, or buying a property, renovating it, and then selling it for a profit, is an exciting and potentially lucrative venture. But did you know that financial...
The Difference Between a Modular Home and Manufactured Home
Understanding the difference between a modular home and manufactured home will empower you to make informed buying decisions, especially since these types of homes have different guidelines compared to standard properties. Modular homes and manufactured homes are...
5 Signs You Are Ready To Buy Your First Home
Purchasing a house is a significant life milestone requiring serious thought and preparation. It is also hard to know when you’re ready to make the big investment in your first house, both financially and emotionally. Thankfully, a few obvious indicators show...
5 Top Tips To Successfully Rent Out Your House
A great way to earn passive income and use an idle property is to rent out your house. Yet, it may be a complex process, particularly for first-time landlords. To successfully rent out your home, you must be familiar with the market, arrange the property,...
20 Important Mortgage Terms You Need To Know
When you are ready to purchase a home, it is important to compare mortgage loan products to get the best deal possible. But it is also important to understand the terminology used in mortgage lending, so you can make an informed decision about your home buying...
House Buying For Beginners: A Useful Checklist!
Buying a home is a big project. As a result, it is important to take the necessary steps to ensure that you make an educated decision when purchasing a house. This checklist will provide first-time home buyers with information and advice on making the process of...
An Expert View On Buying A House With Bad Credit
Wondering how to buy a house with bad credit? Home loans for bad credit can be tricky, but they are possible. People with bad credit may feel like they’re limited in their financial options, but that doesn’t have to be the case. Getting a mortgage with low credit...
What Percentage Of Income Should Go To A Mortgage?
You've done your research, and you're ready to buy a house. But how “much house” can you actually afford? What percentage of income should go to the mortgage? A common rule of thumb is that your monthly mortgage payment should not exceed 28% of your gross income. But...
How Home Appraisals Work & What You Need To Know
If you're in the process of buying a home, you've probably heard the term "appraisal" thrown around a lot. But what exactly is a home appraisal? Do you need one? How does it work? How much does an appraisal cost? In this blog post, we'll answer all of those questions...
How Long Does It Take To Close On A House?
Wondering how long does it take to close on a house? Statistics show that the average person spends about ten years in their home. So, when you're ready to move on from your starter home and upgrade to your forever home, you want to ensure the process goes as smoothly...
Top 11 First-Time Home Buyer Mistakes & How To Avoid Them
It's no secret that buying your first home is a huge milestone. It's an exciting time, but it can also be a bit overwhelming. If you're trying to find a comprehensive list of home buyer mistakes, you're in luck! We've compiled a list of the most common mistakes made...
What Is A Home Improvement Loan And How To Get One
Home improvement loans are typically used to finance major home renovations, repairs, or upgrades. These loans can be used for a wide range of projects, including but not limited to: Kitchen or bathroom remodels Building an addition Replacing windows or doors...
When Is The Best Time To Buy A House, And Why?
It's often said that the best time to buy a house is when you can afford it. For better or worse there are other factors to consider, too. The present economic situation and the condition of your local housing market should provide a backdrop for your decision. Other...
How To Save For A House In 10 Simple Steps
Saving for a house can seem like a daunting task, but with these 10 simple steps on how to save up for a house, you'll be on your way in no time. From setting a budget to considering all the different options available on the market, we've got you covered. Thrive...
What Are Fix And Flip Loans? A Beginner’s Guide
If you're looking to make some money in real estate, fix and flip may be a good place to start evaluating the feasibility of your next project. We all are familiar with conventional residential loans, but the investment property loan sector was in need of a separate...
Understanding the New GSE and FHA Loan Limits
Applying for a mortgage is both scary and exciting. You might spend some time working on your credit before you apply to make sure you get the best rate. The Federal Housing Administration (FHA) and a Government-Sponsored Enterprise (GSE) loan rely less on your credit...
How to Get a Bigger Mortgage
Before buying a home, you must work with a lender and get approved for a mortgage. The interest rate you receive varies based on your credit score and history. The lender determines the maximum amount you can borrow based on factors such as how much you make and your...
What Type of Mortgage Is Best for You?
If you are thinking of buying a home in the near future, it is best to start planning your finances and researching your mortgage options as early as possible. Based on the amount you need to borrow, how much down payment you’re willing to make, your credit score, and...
What You Need to Know Before Applying for Your First Mortgage
Buying a home is likely the most important financial decision you will ever make in your life. Unfortunately, it is also probably going to be the most expensive. This is why the majority of homebuyers rely on mortgages to finance their new homes. Applying for a...