Bella Mertz A Notary Signing Agent is a Notary who has been trained to handle loan documents. Lenders and title companies hire Signing Agents as independent contractors to assist in the last step of the loan process. Buying a home is likely one of the most exciting and stressful times in a person’s life. There’s so much … Read more
If youre considering purchasing properties to fix and flip but dont have the cash, youll need a loan to help get started. House flipping is an investment in real estate, it involves purchasing comparatively inexpensive homes that often need work, then fixing them up and selling them for more than you paid. House flipping can … Read more
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit” (CLL) value. Loans above this amount are known as jumbo loans. The national conforming loan limit value for mortgages that finance single-family one-unit properties increased from $33,000 in the … Read more
Buying a manufactured home also known as a mobile home can be an affordable way to achieve the dream of homeownership. With manufactured homes costing around half as much per square foot compared to site-built homes, they provide an appealing option for budget-conscious homebuyers. However financing a manufactured home does come with some unique considerations. … Read more
An FHA loan is a type of mortgage that is backed by the federal government. It can help buyers with limited cash reserves and lower credit scores achieve the dream of homeownership. If you have an existing FHA loan, you may wonder if you can get a second FHA loan to buy a new home. … Read more
The USDA Single Close Construction program allows you to get a single loan for both construction and permanent financing of a new home in eligible rural areas This streamlines the process and reduces costs compared to applying for separate construction and mortgage loans But which lenders actually offer USDA single close loans? In this comprehensive … Read more
Purchasing a home is a major milestone and for many Americans, the VA loan program provides an accessible path to homeownership As a military service member or veteran, you’ve earned benefits like the option to get a mortgage with no down payment required through a VA-backed loan. While the VA loan was designed to help … Read more
Getting a construction loan to build your dream home can be an exciting yet complicated process One of the key things you’ll want to figure out is how much your monthly payments will be during the construction phase when you are only paying interest, versus when the loan converts to a regular mortgage and you … Read more
USDA loans can offer serious benefits for those who use them. With no down payment requirements, low interest rates and looser income requirements than many other loan products, they open the door to homeownership for many Americans who previously had no other options. Even better, utilizing a USDA loan on manufactured and modular housing is … Read more
The USDA loan program offers many benefits for eligible homebuyers in rural areas of Michigan With 100% financing and flexible credit requirements, USDA loans open the door to homeownership for borrowers who may not qualify for other mortgage programs. However, there are specific eligibility criteria and requirements to meet for a USDA loan in Michigan. … Read more