Bella Mertz Learn the benefits and pitfalls Part of the Series Home Equity Loans/HELOC Tapping Your Home Equity A home equity loan, also known as a second mortgage, lets homeowners borrow money by drawing on the equity value in their homes. Home equity loans exploded in popularity in the late 1980s, as they provided a way to … Read more
Barndominiums also known as barndos, combine the functionality of a barn with the comforts of a home. These unique hybrid structures are increasingly popular amongst rural homeowners looking for affordable, flexible living spaces. However, financing the construction of a barndo comes with its own considerations. In this comprehensive guide, we’ll cover everything you need to … Read more
As summertime approaches, you may be dreaming of finally owning that powerboat, sailboat, or yacht you’ve always wanted. But before you start shopping around, it’s important to get pre-qualified for a boat loan to understand your financing options. The best part? You can pre-qualify and receive loan quotes by just using a soft credit pull … Read more
Real estate investment requires strategic financial management to maximize returns. The All-In-One Loan, a unique mortgage product, offers real estate investors a novel way to manage their property investments more efficiently. Here’s how this innovative financial tool can be an asset to real estate investors: One of the critical features of the All-In-One Loan is … Read more
Your home may be the largest purchase you ever make. Deciding to buy a home is a big decision, so it’s essential to ensure it’s a thoughtful choice too. Taking the time to understand how qualifying for a mortgage loan works will help make the process as rewarding as exciting. When you apply for your … Read more
In a Nutshell Mortgage closing costs can cost you thousands of dollars upfront. Some lenders will let you roll closing costs into your home loan, but that’ll likely increase your loan amount and your interest rate. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect Offers that appear on this … Read more
Personal finance emergencies happen, and when they do, getting access to cash quickly can be a huge relief. If you need $200 right away, same-day loans are one option to get the money into your hands fast. I’ve taken out several same-day loans over the years when unexpected expenses popped up or I was facing … Read more
You can use a VA loan to buy land as long as you plan to build a house on it. For military borrowers, loans backed by the U.S. Department of Veterans Affairs (VA) are an attractive option, since they don’t require a down payment and can offer better terms than a land loan from a … Read more
The United States Department of Agriculture (USDA) offers several loan programs to help people in rural areas purchase build, repair or improve their homes. One of these is the USDA Rural Housing Site Loan program which provides financing to purchase and develop housing sites for low- and moderate-income families in rural areas. In this comprehensive … Read more
The Department of Veterans Affairs utilizes a series of Minimum Property Requirements (MPRs) that a home must meet to qualify for a VA loan. These property requirements help ensure that Veterans and military families have a safe, structurally sound and sanitary place to call home. Before approving the mortgage, your VA lender will request an … Read more