Blog - Sprint Funding

May 10, 2025

How to Use a Bridge Loan for Smooth Real Estate Transitions

Table of Contents Key Takeaways What Is a Bridge Loan? How Bridge Loans Work Loan Types Equity-Based Lending Repayment Pairing With Other Financing Who Can Qualify for a Bridge Loan? Financial Profile Equity Exit Strategy How to Apply for a Bridge Loan Choose the Right Lender Submit Your Application Provide

April 26, 2025

How to Prove Income for a Self-Employed Home Loan

Table of Contents Key Takeaways What Lenders Expect from Self-Employed Borrowers What You’ll Need to Prove Income Tax Returns and 1099 Forms Profit and Loss (P&L) Statements Bank Statements Business Licenses and Contracts Other Supporting Documents How Lenders Evaluate Self-Employed Income How Self-Employed Income Is Calculated Two-Year Average Net Income

Man in suit overlooking city skyline with text about real estate investment

March 22, 2025

Flipping or Renting: Which Is the Better Investment Strategy?

Real estate offers several ways to grow your wealth, with flipping houses and renting properties being two of the most common strategies. Flipping means buying a property, fixing it up, and selling it quickly for a profit. Renting, on the other hand, involves holding onto the property and collecting regular

A photo of a neighborhood with multiple houses

March 20, 2025

How to Find Investment Properties

Looking for great investment properties? It’s simpler than it might seem. The key is targeting areas with strong rental demand, reasonable prices, and room for growth. Local listings, real estate agents, and online investment platforms are excellent resources. However, it’s essential to dig deeper into the local market. Understand property

March 7, 2025

A Buyer’s Home Inspection Checklist

A home inspection checklist helps you evaluate a property before purchasing. It provides a step-by-step guide to check key areas such as the roof, foundation, plumbing, electrical system, and HVAC. A home might look perfect at first glance, but hidden issues can be costly down the road. A thorough inspection

March 5, 2025

5 First-Time Home Buyer Tips to Save Money and Avoid Mistakes

Buying your first home is an exciting milestone, but it also comes with many decisions and challenges. From understanding mortgage options to navigating the home-buying process, first-time buyers often find themselves overwhelmed with information. Knowing what to expect can help you make confident choices and avoid common pitfalls. Whether you’re

February 1, 2025

Should You Use Your 401(k) to Pay Off Your Mortgage?

Paying off a mortgage takes years, and many homeowners dream of being debt-free. If you have a sizable 401(k), using it to clear your mortgage balance might seem like a smart move. But is it? Before making that decision, it’s worth weighing the benefits, risks, and long-term effects of withdrawing

January 31, 2025

Getting a Mortgage with a New Job: What to Know

Starting a new job is an exciting step forward in your career. But if you’re also planning to buy a home, you might wonder how a recent job change could impact your mortgage approval. Lenders consider factors like employment history, income stability, and overall financial health to assess your eligibility.

January 22, 2025

Common Mortgage Scams and How to Avoid Them

Buying a home is a big financial commitment, and getting a home loan or mortgage is often the key to making it happen. Unfortunately, scammers take advantage of homebuyers and homeowners by offering fraudulent mortgage deals that can lead to financial losses or even foreclosure. Knowing how to spot these

Couple renovating a room - Sprint Funding

January 14, 2025

What is a Home Improvement Loan? How Does it Work?

Home improvement projects can transform your living space, increase property value, and enhance your quality of life. But these projects often require funding, and that’s where home improvement loans come into play. This blog post explores what home improvement loans are, how they work, and what homeowners need to know