Bella Mertz The DMV market is full of real estate investment opportunities that state: Investor Special. Cash Only. This “cash-only” requirement is the driving force behind the most common question about our industry: Is a hard money loan considered cash or not? I understand the source of confusion. Cash implies a certain amount of money that you … Read more
The FHA loan program makes homeownership more accessible for buyers who may not qualify for conventional loans. FHA loans only require a 3.5% down payment and have more lenient credit standards. If you’re considering an FHA loan in Virginia, it’s important to understand the program’s specific requirements. In this comprehensive guide, we’ll break down key … Read more
Homebuyers who cant put down a sizable down payment with a conventional loan will often need to pay for PMI, or private mortgage insurance. This insurance is designed to protect the lender in the event you default on your loan. For conventional loans, you’ll typically need to pay for PMI unless you can put down … Read more
The USDA home loan program helps eligible borrowers in rural and suburban areas purchase a home with zero down payment. USDA loans offer affordable financing options for low-to-moderate income buyers But how much will your monthly mortgage payment be with a USDA loan? This guide explains what factors impact your USDA loan payment and how … Read more
Many Veterans who utilize the VA loan do so with another applicant. It often makes sense for prospective homebuyers to want or need another applicant on their VA loan. Using another persons income, credit score and debt level can do wonders for loan qualification. However, not all co-borrowing scenarios are easy, and some may be … Read more
New cars aren’t cheap, and unless you have a pile of cash sitting around, you’ll probably need to finance your vehicle. People who bought cars at the end of 2020 borrowed an average of $35,228 for a new car and $22,467 for a used car, according to a recent report from Experian, one of the … Read more
Personal loans and auto loans are common choices for those interested in buying a new or used car. If youâre in the market for a new vehicle, youâll need to decide on the best car financing option for your situation. There are advantages and disadvantages to both these loan options. Letâs look at the key … Read more
Dhiren C. is a content writer on a mission to make homeownership dreams a reality for all. His articles offer essential insights and actionable tips, catering to the needs of both home buyers and sellers. Find Dhiren Here Jason is a passionate content editor working at Houzeo. He has an eye for detail and keeps … Read more
Buying a home is likely one of the biggest financial commitments you’ll ever make. With so much on the line, you want to make sure you have all the details squared away before signing on the dotted line. That’s where a Quicken Loans mortgage calculator comes in handy. I’ve used Quicken Loans’ free online mortgage … Read more
Some lenders let you take out home equity loans or HELOCs on second homes. Accessing this equity enables you to receive money that can be used to cover renovations, consolidate debt, or pay for other expenses. For homeowners with available equity tapping it through a home equity loan or line of credit may seem like … Read more