Bella Mertz One of the best second chance mortgage program every year is the FHA loan. House buyers continue to flock to FHA for second chance loans and home financing. Many people think that if they have relatively poor credit, they cannot get an FHA financing, but this is not necessarily the case. Have you made some … Read more
Having poor or no credit history can make it tough to get approved for loans and credit cards. You may feel stuck in a cycle where you need to borrow money but don’t qualify due to lack of credit history. Credit builder loans aim to help by letting you establish credit, but most make you … Read more
Payday loans can seem like an easy fix when you’re facing a cash crunch. But these high-interest, short-term loans come with big risks. As a San Leandro resident myself, I want to provide an insider’s guide to payday lending in our city, so you can make informed choices. The Rise of Payday Lenders in San … Read more
Taking out a construction loan to build your dream home can be an exciting yet daunting process. One of the key factors you need to consider is how much your monthly payments will be during the construction phase when you are only paying interest on the loan. This is where a construction loan calculator with … Read more
Being unemployed is stressful; to minimize the strain, act fast. You may be able to get a personal loan with no job, and applying sooner can get you better terms. Here’s how to get a personal loan when you’re unemployed: Getting a loan when you’ve just started a new job or don’t have much work … Read more
It’s possible to use a VA loan for a second home, but this process isn’t as easy as simply finding a lender and applying for another mortgage. There are quite a few different rules you’ll need to follow to ensure that you qualify. With that in mind, here’s a look at what you need to … Read more
The USDA home loan program, also known as the Section 502 Direct Loan program, is a great option for low-to-moderate income homebuyers in rural areas of Alabama. With 100% financing, no down payment, and low interest rates, a USDA loan can make homeownership affordable for many Here’s an overview of the eligibility requirements, application process, … Read more
A preapproval letter is a statement from a lender that they are tentatively willing to lend money to you, up to a certain loan amount. A preapproval letter is based on assumptions and it is not a guaranteed loan offer. But, it lets the seller know that you are likely to be able to get … Read more
I want to clarify how reverse mortgages work, as they differ from traditional loans in a few key ways. Firstly, reverse mortgages dont operate on a Loan-to-Value (LTV) basis in the traditional sense. Instead, the amount youre eligible to receive is determined by several factors, including the value of your property or the national lending … Read more
Buying land to build a home, start a business, or invest in real estate is an exciting prospect. However, land can be expensive and financing may be required. There are several types of loans that allow you to buy land, each with its own pros, cons, and qualification requirements. This article will provide a detailed … Read more