Bella Mertz Filing for bankruptcy can impact your finances in myriad ways, including your ability to get a credit card or a loan. Still, it may be possible to secure a personal loan after bankruptcy if you’re flexible with your lender and willing to pay higher interest rates and loan fees. You may also be able to … Read more
Getting a construction loan to build your dream home can be an exciting yet daunting process One of the biggest obstacles for many hopeful homeowners is coming up with the down payment, which is traditionally 20% of the total cost of construction. This can amount to tens or even hundreds of thousands of dollars. Thankfully, … Read more
Buying land can be an exciting but also stressful process. One of the most important things you need to consider is the interest rate you will pay on your land loan. As a land buyer, you want to secure the lowest interest rate possible so your loan payments are affordable. In this comprehensive guide, I’ll … Read more
The purpose of an investment property is to generate income or make a profit, whether it be through rental properties, fix-and-flip properties, or other types of investment projects. Your down payment will reflect several aspects of your real estate investment and financial situation to your lender. Investing in rental property can be an excellent way … Read more
As we age, our homes often require modifications and upgrades to remain safe, comfortable, and suited to our changing needs. However, home improvements can be expensive, leaving many seniors wondering how to finance necessary renovations. Thankfully, there are several types of low interest home improvement loans tailored specifically for seniors who want to modify their … Read more
It’s possible to use a VA loan for a second home, but this process isn’t as easy as simply finding a lender and applying for another mortgage. There are quite a few different rules you’ll need to follow to ensure that you qualify. With that in mind, here’s a look at what you need to … Read more
Being a first-time home buyer or any kind of buyer with credit issues can affect your ability to secure a mortgage loan. In addition, challenges such as income requirements, a borrowerâs low credit score and a low supply of affordable homes can keep some people from financing a home. Fortunately, Federal Housing Administration (FHA) 203(b) … Read more
Constructing a new home can be an exciting yet challenging process. One of the most important factors lenders consider when approving construction loans is the borrower’s debt-to-income (DTI) ratio. This measures how much of your gross monthly income goes toward paying debts. Understanding how DTI works for construction loans can help you get approved and … Read more
Mortgage loan originators play a critical role in the home buying process. They act as the interface between borrowers and lenders to initiate mortgage loans. The duties of a mortgage loan originator span the entire loan process from application to closing. In this comprehensive guide, we will examine the day-to-day responsibilities and workflow of a … Read more
As a senior citizen living on a fixed income, you may sometimes find yourself needing extra cash to cover unexpected expenses or to finance a major purchase. Getting a loan as a retiree can seem daunting, but there are options available if you know where to look In this comprehensive guide, we’ll walk through the … Read more