How To Find The Perfect Cosigner For Your Loan

If your credit needs some work, a cosigner could be the difference between your loan application being approved or denied. A cosigner agrees to take on the responsibility of repaying a loan if the primary borrower fails to do so — acting as a safety net for potential lenders. The right cosigner will have an … Read more

Getting a Personal Loan With a High Debt-to-Income Ratio: What You Need to Know

Securing a loan when you already have a high debt-to-income ratio (DTI) can be challenging, but its not impossible. Whether youre looking to consolidate existing debt, fund a major purchase, or cover unexpected expenses, understanding how to navigate the lending landscape with a high DTI is essential. Let’s explore strategies and solutions to help you … Read more

What Is Conditional Approval on a Loan? A Complete Guide for Borrowers

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

Do Conventional Loans Require Appraisal?

Appraisals help ensure you’re not overpaying when purchasing a home, although they come with a cost and delay to closing. If youre interested in a conventional loan with no appraisal needed, you might be in luck: Fannie Mae and Freddie Mac both offer appraisal waivers on purchase and refinance loans in certain situations. Conventional loans … Read more

Can I Use A VA Loan More Than Once?

A VA loan can help you achieve your dream of homeownership with more flexible lending criteria. However, these loans are only available for eligible veterans, active duty service members, and surviving spouses. If you’ve used your VA loan before or are considering using your entitlement to purchase your first house, you might wonder, “How many … Read more