Bella Mertz Though the terms are often used interchangeably, prequalification and preapproval are two different steps you take when applying for a mortgage. During the prequalification stage, lenders will do a basic review of your finances and credit to see if youâre ready for a mortgage. In comparison, getting preapproved involves a more thorough review of your … Read more
Hard money loans are a great way to get the necessary financing for real estate investments. If you don’t have a large amount of cash available or you don’t want to tie up 100% of your liquid funds, hard money loans provide an alternative method of funding that traditional loans typically won’t provide. Everyone wants … Read more
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When you need extra cash for a major expense or to consolidate debt, a signature loan can provide funds without collateral. Also known as personal loans, they require only your signature promising to repay. With multiple lenders in San Antonio offering signature loans, it pays to shop around for the best rates and terms. This … Read more
If you’re in the market for a mortgage, First American Home Loans should be on your radar. As one of the largest mortgage lenders in the country, First American offers a wide range of loan programs and excellent customer service. This comprehensive guide will teach you everything you need to know about getting a home … Read more
Filing for bankruptcy can be a difficult and stressful experience. It impacts your financial health and makes getting approved for loans much harder. But bankruptcy doesn’t have to stop you from achieving the dream of homeownership especially if you qualify for VA home loans. In this comprehensive guide, we’ll walk you through everything you need … Read more
A conventional loan and a home equity line of credit (HELOC) are two popular options for financing a home purchase or tapping into your home’s equity. But they work very differently, so it’s important to understand the key differences before deciding which is better for your needs. What is a Conventional Loan? A conventional loan … Read more
Finding the right loan protection insurance company can provide you with peace of mind in case life throws an unexpected curveball your way. With loan protection insurance, your loan will be paid off if you pass away or become disabled before fully repaying your loan. This protects your assets and provides financial security for your … Read more
Choosing between a USDA and VA loan can be a challenging decision. Depending on your specific circumstances and qualifications, one loan type may be more favorable than the other. USDA loans, offered by the United States Department of Agriculture, are ideal for low to moderate-income buyers looking to purchase in rural or suburban areas. On … Read more
When applying for a mortgage, a popular option is a loan backed by the Federal Housing Administration (FHA) because of its lenient eligibility requirements. However, FHA loans come with annual loan limits that restrict how much house a borrower can buy. In Ohio, the FHA loan limit in 2024 for a single-family home is $498,257 … Read more