Bella Mertz With a shortage of homes for sale on the market, you may be looking to build your new dream home. Building your own home can be a tremendously rewarding experience. You get to make choices about everything from location and floor plan to colors and landscaping. At the end of the process, you have a … Read more
Home renovations can greatly improve your living space and increase the value of your home. However, major remodeling projects often come with high price tags that may be difficult to fund upfront. This is where home renovation loans come in handy. In this comprehensive guide, I’ll explain exactly how home improvement loans work and provide … Read more
Adjustable-rate mortgages (ARMs) can seem complicated, especially 7 year ARMs. But with the right calculator, you can easily estimate your mortgage payments and determine if a 7 year ARM is the right choice for your home loan. What is a 7 Year ARM? A 7 year adjustable-rate mortgage keeps your interest rate fixed for the … Read more
Private mortgage insurance (PMI) is an extra cost many homebuyers with smaller down payments face when getting a mortgage. With an FHA loan, this insurance is called mortgage insurance premiums (MIP). FHA loans require both upfront and annual MIP, adding hundreds per month to your mortgage payment. The good news is you can request to … Read more
Going through a foreclosure can devastate your credit score; according to credit scoring firm FICO, consumers can see their scores plummet by as many as 160 points. It can take years for a VA loan borrowers credit profile to recover fully, but it doesnt mean you have to wait years to buy another home. The … Read more
Whether a major renovation or a remodel, starting a home project can be a huge undertaking. But finding the right financing option can help make the process run more smoothly and hopefully minimize the financial burden. Homeowners today have a number of financing options available, but two popular options are home equity loans and home … Read more
If you’ve found the perfect plot of land in a rural area of Utah and are ready to build your dream home financing the construction project can be a challenge. That’s where USDA construction loans can help. These specialized home loans offered through the U.S. Department of Agriculture allow you to buy land and build … 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
Buying a home is an exciting experience, but it also comes with a lot of fees called closing costs. Closing costs are charges paid to finalize a mortgage loan and transfer ownership of a property. When getting a VA loan, you can expect to pay typical closing costs along with a few fees specific to … Read more
If you’re a veteran or active military service member looking to build your dream home, you may be wondering if you can use your VA home loan benefit to finance new construction The short answer is yes, you can build a home with a VA loan under certain conditions. VA loans are guaranteed by the … Read more