Bella Mertz An appraisal is a property valuation conducted by a licensed appraiser and is required as part of the USDA approval process. To be approved for a USDA loan, a property cannot have an appraised value less than the selling price. USDA-approved appraisers will consider multiple factors to determine the market value of a property and … Read more
How Much Does a Co-signer Help on Home Loans? Getting approved for a mortgage can be challenging, especially for first-time homebuyers. One way to boost your chances is by adding a co-signer to your loan application. But how much does having a co-signer actually help? What is a Mortgage Co-signer? A mortgage co-signer, also called … Read more
One of the most significant benefits offered to veterans of the United States military is the VA home loan. The VA home loan was created in 1944, as part of the Servicemen’s Readjustment Act, as a tool to help servicemembers readjust to civilian life by creating a path for them to become homeowners. VA loans … Read more
Owning a home is often considered part of the American dream. Beyond just having a place to call home, homeownership also comes with the ability to build equity in your property over time. As you pay down your mortgage, your equity stake in the home increases. This equity can be a valuable financial resource that … Read more
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For many people, purchasing or building a home in Massachusetts can be prohibitively expensive due to the state’s high real estate costs. USDA rural housing loans offer an affordable financing option for low-to-moderate income buyers looking to achieve homeownership. One of the key USDA programs available in Massachusetts is the Section 523 Rural Housing Site … Read more
At Tidal Loans, we understand to become a successful real estate investor, flexibility is important. That is why we provide a wide range of quick and easy residential hard money loan options. We have a proven success rate for closing quickly, and we’re here to help make your next real estate project a success. Hard … Read more
A borrower looking to finance a vacation home has several options. Among them are a conventional mortgage, home equity loan, home equity line of credit (HELOC), or cash-out refinancing loan. Before choosing a way to finance a vacation home, consider the lender’s requirements for credit scores and down payments as well as other factors that’ll … Read more
Buying a home is an exciting time, but it also comes with many fees and expenses. As a VA loan borrower, you may be wondering who is responsible for covering closing costs. The good news is that with a VA loan, you have more flexibility in negotiating with the seller to pay some or all … Read more
A mortgage loan recast calculator is an invaluable tool that can help homeowners save thousands of dollars in interest payments on their home loan. Recasting a mortgage involves making an additional lump sum payment to pay down the principal balance which reduces the total interest paid over the life of the loan. In this comprehensive … Read more