The Complete Guide to Types of Building Loans

Building a new home or commercial property can be an exciting yet daunting undertaking One of the most important steps is securing financing to pay for land, construction costs, and other expenses. Building loans are specifically designed to fund construction projects from start to finish. There are several types of building loans to choose from, … Read more

How to Write an Effective Loan Modification Hardship Letter to Avoid Foreclosure

While we always want to make our monthly mortgage payments, sometimes life can get in the way. If you’re in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why you’re unable to meet … Read more

Can an LLC Get an FHA Loan?

Limited liability companies (LLCs) are a popular way for real estate investors to purchase investment properties Forming an LLC helps protect the member’s personal assets in case of a lawsuit However, when it comes to getting a mortgage, LLCs face more challenges than individuals. One common question is, can an LLC get an FHA loan? … Read more

Is a Hard Money Loan Considered Cash?

The DMV market is full of real estate investment opportunities that state: Investor Special. Cash Only. This “cash-only” requirement is the driving force behind the most common question about our industry: Is a hard money loan considered cash or not? I understand the source of confusion. Cash implies a certain amount of money that you … Read more

A Complete Guide to Texas Teacher Home Loans and Down Payment Assistance Programs

If you’re a teacher looking for affordable ways to purchase a new home in the state of Texas, there are several available programs, including Homes for Texas Heroes, Teacher Next Door and Good Neighbor Next Door. These state-backed initiatives provide financial home buyer assistance for qualified professional educators in the state, so long as applicants … Read more

How Student Loans Impact Your Debt-to-Income Ratio

Your debt-to-income (DTI) ratio is one of the factors lenders consider when making decisions about whether to approve you for a student loan or how much you can borrow. This ratio is calculated by dividing how much you pay in regular debt payments, including your student loan payments, by your gross monthly income. Student loans … Read more