Bella Mertz 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
Chattel loans allow buyers to finance movable personal property like manufactured homes vehicles, and equipment. While not as common as traditional mortgages, they serve an important role for certain purchases. If you’re considering a chattel loan it helps to understand what they are, their benefits and drawbacks, and which banks offer them. What is a … Read more
With rising rents, less interest in getting hitched and ever-present economic uncertainty, there may be more incentive for long-term couples to look at practical ways to buy a home without the wedding vows. However, there are a lot of risks involved in purchasing a house with another person, especially one youâre not married to. Itâs … Read more
Buying land to build your dream home can be an exciting yet complicated process Securing financing to purchase the land and construct the home is one of the biggest steps That’s where a buying land to build a house loan comes in. This type of loan provides the funding needed to buy the land and … Read more
Is it possible to use a Veterans Affairs mortgage to purchase a duplex? What about using a VA mortgage to buy a multifamily home? The answer in both cases is yes, but certain conditions apply. When considering using your VA loan benefit to buy a multi-unit property, remember that your VA lender will require compliance … Read more
If you currently have an FHA-insured mortgage, you may be able to take advantage of an FHA streamline refinance to lower your interest rate or monthly mortgage payment An FHA streamline refinance allows you to refinance your existing FHA loan with limited documentation and underwriting This can make it a faster, easier and more affordable … Read more
Use this Mortgage Loan Officer job description to advertise your vacancies and find qualified candidates. Feel free to modify responsibilities and requirements based on your needs. A mortgage loan officer plays a critical role in helping homebuyers obtain financing to purchase real estate They act as the main point of contact for borrowers throughout the … Read more
Nobody purchases a home intending to miss payments due to financial hardship. Homeowners will typically do anything they can to avoid defaulting on their loan. When homes go into foreclosure, those properties must be reclaimed by the lender and put up for sale in one form or another. One such type of sale involves repossessed … Read more
Purchasing land to build a dream home, start a business, or invest in real estate is an exciting prospect. However, land can be expensive and most buyers need financing to purchase it. Getting approved for a land loan may seem daunting but it is possible with the right preparation and knowledge. This comprehensive guide covers … Read more