Bella Mertz Getting a mortgage can be one of the most stressful parts of buying a home With rising interest rates and stricter lending standards, many buyers are finding it difficult to get approved for a loan in today’s market As a result, some determined homebuyers are pursuing an unlikely source for financing – the home seller. … Read more
Buying your first home is an exciting milestone but the process can also be daunting, especially when navigating the complex mortgage world. This is where a USDA guaranteed loan can help make homeownership more accessible and affordable for eligible borrowers in rural areas. In this comprehensive guide we’ll walk you through everything you need to … Read more
As a homebuyer, it can be overwhelming to determine which mortgage provides the best value, is within your reach and serves your long-term homeownership needs. Here, we’ve summarized the key features of 10 types of mortgage loans to help in your decision. A conventional loan is any mortgage that’s not backed by the federal government. … Read more
Personal loans are a useful financial tool that allow you to borrow money for major expenses like debt consolidation, home improvements, medical bills, and more. However, qualifying for a traditional personal loan usually requires a good credit score. If you have limited credit history or a low credit score, you may have a hard time … Read more
Sometimes a personal loan requires you to provide collateral to help qualify for the loan amount you’re seeking during the application process. With an auto-secured loan, you can obtain a loan using your car as collateral for the cash you need. Regional Finance offers some of the best loans using a car as collateral, giving … Read more
When it comes to purchasing a home, navigating the complex world of mortgages can be overwhelming. For those seeking a path to homeownership with unique advantages, a USDA loan might be the solution. The United States Department of Agriculture (USDA) offers a loan program specifically designed to assist individuals and families in rural areas in … Read more
Federal Housing Administration (FHA) mortgage loans, which are government backed, have more lenient qualification requirements than conventional loans. However, theyâre not used to fund the purchase of an investment property, with an exception. If youâre willing to commit to treating one unit of a multi-unit investment property as your primary residence for at least a … Read more
Understanding the advantages of a USDA loan vs. conventional will help you choose the right mortgage for your needs. Many homes in the suburbs also qualify for USDA loans, which allow you to buy with no money down. And borrowers with low to moderate incomes qualify, so more borrowers are likely eligible for these 100% … Read more
Losing a job can be an incredibly stressful and challenging time. Without steady income, covering basic necessities like rent, utilities, and groceries can quickly become a burden. If you’re currently unemployed and relying on government benefits, you may be wondering if you can qualify for a personal loan. The good news is that loans for … Read more
Buying a house with cash means you pay the full purchase price upfront without needing a mortgage. This allows you to avoid interest charges and monthly payments. But coming up with enough cash to buy a home outright can be difficult for many buyers. This leads some to wonder – can you use a personal … Read more