Bella Mertz Debt collectors can call you at work unless and until you tell them to stop calling. Under federal law, debt collectors and creditors are prohibited from contacting borrowers at work once they have reason to know that a borrowers employer doesnt permit these kinds of calls. The law does allow for other collection tactics, so … Read more
If you need short-term financing to purchase a new home before selling your current one, you may be wondering whether a swing loan or bridge loan is the better option. Both are designed to help home buyers bridge the gap between selling one house and buying another. However, there are some key differences between these … Read more
A VA assumable loan allows a buyer to take over the mortgage of a seller with a VA loan. Instead of applying for a new loan, the buyer assumes the remaining balance and terms of the seller’s existing VA loan. This can save time and money compared to a traditional mortgage process. VA loans are … Read more
Buying a home is an exciting milestone but it can also be financially challenging especially for low- and moderate-income families in rural areas. This is where USDA Rural Development’s home loan programs can help. As part of the U.S. Department of Agriculture, USDA Rural Development offers affordable home loans to eligible applicants in rural areas … Read more
I recently started researching different mortgage lead generation services to help grow my loan origination business. One company that came up in my searches was Loans on Demand. As an independent mortgage broker, getting a steady stream of qualified borrower leads is essential for increasing loan volume and revenue. Loans on Demand markets itself as … Read more
If you’re looking into Freedom Finance for a personal loan, checking out customer reviews can help you determine if it’s the right lender for you Freedom Finance offers personal loans through its FreedomPlus lending platform But what do real borrowers have to say about their experiences? In this comprehensive guide, we’ll dive into FreedomPlus reviews … Read more
Buying a home is an exciting milestone in life, but it can also be a complex and confusing process – especially when it comes to securing financing. One common loan program for Texas homebuyers is the FHA loan, insured by the Federal Housing Administration If you’re considering an FHA loan for your home purchase in … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. Deciding between a VA loan or … Read more
Lenders check several factors, including the debt to income ratio, to determine whether a person qualifies for a loan. Debt-to-Income ratio (DTI) is the percentage of a borrower’s income that they must use monthly to pay off their debt. This ratio is an indicator of an individual’s financial health. If it’s too high, it means … Read more
A gift of equity is the sale of a residence to a family member or someone with whom the seller has a close relationship. The price is below market value, as determined by a professional appraisal. The difference between the actual sales price and the market value of the home is the gift of equity. … Read more