Bella Mertz Purchasing a fixer-upper can be a great way to buy a home at a discount in a competitive housing market. If you plan to use conventional financing there are some attractive loan programs that combine purchase and renovation costs into one mortgage. Below we’ll explore popular conventional mortgages for financing fixer-uppers, key benefits and drawbacks, … Read more
The United States Department of Agriculture (USDA) offers a variety of home loan programs to help rural residents achieve homeownership. One popular option is the USDA direct home loan, also known as the Section 502 program These government-backed mortgages help low- and very low-income borrowers buy homes in eligible rural areas. If you want to … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. Deciding between a VA loan or … Read more
Hard money loans are a unique form of financing that can be helpful for certain borrowers, especially real estate investors. But these loans come with higher interest rates, called hard money loan rates, that you need to factor into your plans. This guide will explain everything you need to know about current hard money loan … Read more
Hard money loans are a popular financing option for real estate investors looking to fund fix-and-flip projects or other short-term investments. But these non-conventional loans come with higher interest rates than traditional mortgages. In 2023, what can real estate investors expect to pay for hard money loans? An Overview of Hard Money Loans A hard … Read more
If you’re interested in becoming a mortgage loan officer in California, there is a clear path to follow to get your California MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more
Single moms have a tough job, and many Americans are taking on this responsibility. According to the U.S. Census Bureau, 80% of single-parent households were headed by mothers. Raising a family alone and on one income is challenging. When unexpected expenses pop up, that financial situation can be a disaster. Loans for single mothers are … Read more
The FHA loan program offers flexible financing options for homebuyers, with low down payments and easier credit requirements compared to conventional loans A common question that comes up is whether you can use an FHA loan more than once The short answer is yes, you can get multiple FHA loans over your lifetime under certain … Read more
When shopping for a home to purchase with an FHA loan, it’s crucial to understand the concept of FHA approval for properties The FHA has strict guidelines that homes must meet in order to be eligible for financing with one of their low down payment government-backed mortgages. As you search for your dream home, make … Read more
When it comes to finance and loans, there are two main types of credit – secured and unsecured. Secured credit refers to loans or lines of credit that are backed or “secured” by some sort of collateral. This contrasts with unsecured credit like credit cards or personal loans which have no collateral tied to them. … Read more