Everything First-Time Homebuyers Need to Know About Construction Loans

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

What is a Loan Commitment? A Comprehensive Guide

Getting approved for financing can be a confusing process full of industry jargon. One term you may come across is a “loan commitment.” But what exactly does this mean? In this comprehensive guide we’ll break down everything you need to know about loan commitments. including What a loan commitment is The different types of loan … Read more

Demystifying Closing Costs on FHA Loans: A Complete Guide for First-Time Homebuyers

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

How Long is a Loan Approval Good For?

Getting approved for a loan can be an exciting yet stressful process. You submit your application, provide documents, go through credit checks and anxiously await the lender’s decision. Finally, you get the news – you’re approved! But then you may wonder how long will this approval last? I’ve helped many clients through the loan application … Read more

What’s a Pledge Loan? A Complete Guide

Providing collateral for a loan means guaranteeing the return of the money that has been lent to you by providing an asset as security. Typically, when you apply for a loan, you offer your personal guarantee to cover the repayment of the loan, in other words, you guarantee it with all your assets, present or … Read more

Accessing USDA Rural Development Loans in Indiana for Affordable Homeownership

Buying a home is an exciting milestone However, for many families and individuals, affording a home can be a significant challenge. This is especially true in rural areas, where incomes tend to be lower but decent housing is still difficult to find Fortunately, USDA Rural Development offers special loans in Indiana to promote affordable homeownership … Read more

USDA Loans New York Requirements: A Comprehensive Guide

Buying a home is one of the biggest financial decisions you’ll ever make. For many people in rural New York, USDA home loans can be a great option thanks to their low interest rates and flexible credit requirements. However, these government-backed mortgages do come with specific eligibility standards that borrowers must meet. In this comprehensive … Read more

How to Use an Interest Only Loan Payment Calculator to Figure Out Your Monthly Payments

This calculator will compute an interest-only loans accumulated interest at various durations throughout the year. These amounts reflect the amount which would need to be paid in order to maintain a constant principal balance. For your convenience we list current local mortgage rates to help you perform your calculations and find a local lender. Calculator … Read more

How Much Can a Notary Public Loan Signing Agent Make?

Amid the mobile Notary boom and increased public demand for mobile services, new Notaries are asking the enduring question: How much can I make? And while the answer can vary dramatically, consider these insightful responses from the NNAs 2020 Notary Survey: NNA surveys in 2017 and 2020 of more than 3,000 mobile Notaries as well … Read more