Bella Mertz Buying a home is a major financial decision that requires careful planning and budgeting. When taking out a mortgage, homebuyers must account for closing costs on top of the loan amount. Closing costs include various fees charged by lenders to process, underwrite and close the loan. For USDA loans, closing costs typically range from 3% … Read more
Build to rent, also known as single-family rental or multi-family rental, has become an increasingly popular real estate investment strategy With demand for rental housing on the rise, build to rent provides opportunities for investors to capitalize on this growing market But these types of projects require significant upfront capital This is where build to … Read more
Military service members have a big advantage when it comes to buying a multifamily home: They don’t need a down payment if they take out a home loan backed by the U.S. Department of Veterans Affairs (VA). However, before you tackle the responsibilities of both homeowner and landlord, there are some important requirements you’ll need … Read more
As a stay-at-home mom, I know firsthand that managing family finances can be incredibly challenging. Though our work is invaluable, it comes without a regular paycheck, which can make accessing credit more difficult. However, there are ways for us to get the loans and financial assistance we need. In this comprehensive guide, I’ll walk through … Read more
If you have built up equity in your home but still have a mortgage balance to pay off, you may consider using a home equity line of credit (HELOC) to reduce your monthly payments and the overall interest you pay on your loan. Since HELOCs sometimes have lower interest rates than mortgages, you could save … Read more
USDA loans make homeownership possible for thousands of low-income Americans in rural areas. These low-interest, zero-down mortgages arent as well-known as their FHA or VA loan counterparts, but they include many perks that can make them a great option for eligible borrowers. In many cases, homebuyers can use a USDA home loan to purchase a … Read more
The 203(b) loan program offered by the Federal Housing Administration (FHA) is extremely popular among homebuyers. This government-insured mortgage comes with lenient eligibility requirements, making homeownership attainable for many. If you’re considering applying for an FHA 203(b) loan, it’s important to understand the program guidelines and loan requirements. This article will provide a comprehensive overview … Read more
Buying a home is an exciting milestone in life, but qualifying for a home loan can be stressful and confusing. If you’re considering applying for a mortgage through the Neighborhood Assistance Corporation of America (NACA), you probably have questions about their qualification process The good news is that NACA has qualification criteria intended to help … Read more
Are you curious about how much the average loan officer makes in commission? Are you a mortgage broker looking to maximize your revenue? This article will provide an in-depth look at loan officer compensation so that you can make informed decisions about your business. If you’ve ever worked with a loan officer to secure financing … Read more
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how … Read more