Bella Mertz As a veteran, you’re entitled to use a VA home loan to buy a house as long as you’ve fulfilled the basic requirements. While most people tend to live in the homes they buy for years, sometimes, you may not be able to. When this happens, you’ll likely feel tempted to start renting the property … Read more
If youre interested in getting financing to construct or renovate a multifamily residential property, getting an FHA/HUD 221(d)(4) loan can be one of the most cost effective ways to do so. But, to get an FHA/HUD 221(d)(4) loan, youll need to do significant preparation.In this article: FHA construction loans can be a great financing option … Read more
If you’d like to become a loan officer in Texas, there is a clear path to follow to get your Texas MLO license and begin your career in the mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping home buyers … Read more
Getting a home loan through the VA can be an excellent way for eligible veterans and service members to purchase a home with no down payment. But what if you already used your VA loan benefit and now want to buy another home? Can you get a second VA mortgage? The short answer is yes, … Read more
Finding a loan when banks and lenders are closed can seem impossible But what if you have an emergency expense pop up on the weekend and need cash fast? The good news is that there are some options for getting loans and financing even when most traditional lenders are closed on Sundays Online Lenders Offer … Read more
For some, the idea of being their own boss is a very alluring idea. Youll get to take charge of your career, shape your journey, and discover a freedom that a traditional 9-5 cant offer you. But going from a W-2 employee to self-employed doesnt just affect your taxesâit also impacts the way you are … Read more
If you’re a veteran or active military looking to buy a home in a high-cost area, you may be wondering about VA jumbo loans. Specifically, how much can you borrow with a VA jumbo loan? I’ll explain everything you need to know about VA jumbo loan amounts in this article. As a quick overview, VA … 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. Building a house is a chance … Read more
If you’re approved for an FHA loan — which is a mortgage insured by the Federal Housing Administration (FHA) — you’re required to pay for FHA mortgage insurance. The insurance protects FHA-approved lenders against losses if you default on your mortgage payments. FHA mortgage insurance is more expensive than private mortgage insurance (PMI) on a … Read more
In addition to insuring physical objects, like a house or car, it’s also possible to insure financial products, like a loan. Personal loan insurance can provide peace of mind — and protect your credit — if something happens, and you’re suddenly unable to fulfill the requirements of your loan agreement. Taking out a loan can … Read more