Bella Mertz Buying land to build a house or start a business on can be an exciting prospect. However land is an expensive purchase that often requires financing. While banks are sometimes hesitant to provide loans for vacant land 30 year land loans are an option worth considering for your purchase. In this comprehensive guide, we’ll cover … Read more
For many first-time homebuyers and buyers on a budget, condos can be an affordable way to purchase property and start building equity However, financing a condo purchase often comes with more restrictions compared to financing a single-family home. One common question from condo buyers is “Can I buy a condo with an FHA loan?” The … Read more
Purchasing a boat is an exciting milestone. After searching for the perfect vessel, you finally found “the one” – your dream boat. But now comes the less glamorous part figuring out how to pay for it. Many boat buyers turn to financing to fund their purchase. Boat loans allow you to buy the boat you … Read more
Hard money loans have become an increasingly popular financing option for real estate investors especially those involved in fix-and-flip projects or new construction. Unlike conventional mortgages from banks and credit unions hard money loans offer quicker access to capital with less stringent qualification requirements. However, hard money loans come with their own set of pros … Read more
Federal Housing Administration loans, or FHA loans for short, are government-backed loans overseen by the U.S. Department of Housing and Urban Development (HUD). FHA loans are available to borrowers with a less-than-ideal credit score and not a lot of cash on hand, and these loans give home buyers on a tight budget a chance to … Read more
A collateral loan is a form of debt that’s secured by a valuable asset. Because the lender takes on less risk with a collateral loan, they often come with lower interest rates than unsecured loans. However, the consequences of not repaying a collateral loan mean you could lose that valuable asset — your car or … Read more
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
Purchasing land and building a custom home from the ground up is an exciting prospect for many prospective homeowners. With a custom build, you can create the house of your dreams with all the amenities, layout, and design elements you want However financing the purchase of the land and construction of a new house requires … Read more
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
An FHA loan, a mortgage insured by the Federal Housing Administration, is a popular choice for many home buyers because of its low down payment and modest credit score requirements. If you want to buy a condo and benefit from the low down payment that comes with an FHA loan, youâll need to either buy … Read more