Bella Mertz Need cash to fix the transmission that suddenly conked out in your car? Need to replace your homeâs leaking hot water heater or furnace that isnât providing enough heat? You might consider a personal loan. A personal loan is typically unsecured â meaning that you donât have to put up collateral such as your home … Read more
Borrowers can use their VA home loan benefit to purchase a condominium. However, there are some additional requirements that differ from buying a single-family residence or a multi-unit property. The VA must approve a condo complex in order for a borrower to purchase a unit. The good thing is hundreds of condo developments across the … Read more
A cosigner assumes legal responsibility to pay a debt if the primary borrower can’t make payments. But what happens if a cosigner on a student loan dies? Dealing with financial logistics while grieving is probably the last thing you want to do. However, there are some critical factors to consider if your cosigner passes away, … Read more
First and second lien loans are common forms of debt financing used by companies and individuals. A lien gives the lender a claim on collateral pledged by the borrower as security for the loan. Let’s take a closer look at how these lien structures work and the key differences between them. What is a Lien? … Read more
Mobile homes, also known as manufactured homes, can be a great affordable housing option for many folks in Michigan. With the right lender and loan program, financing a mobile home purchase can be straightforward. However, there are some key factors to consider when applying for a mobile home loan in the Great Lake State. In … Read more
A land loan can provide financing to buy land for new home construction and other purposes. Learn more about how this type of loan works. Many homeowners want to build their own homes on their own plots of land. Since a traditional home mortgage assumes that the home already exists, building a new home requires … Read more
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Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
A loan officer is usually the first person you’ll talk to when you shop for a mortgage loan, car loan, personal loan or business loan. However, a mortgage is one of the most complex and expensive loans most consumers take on, which is why every year the federal government requires ongoing education and a strict … Read more
If you’re in the market for a new or used car, Rocket Mortgage auto loans offer a fast, easy way to finance your purchase. In this comprehensive guide, we’ll cover all the key details on Rocket Mortgage auto loans – from rates and terms to the application process and more. Overview of Rocket Mortgage Auto … Read more