Bella Mertz We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
Collateral loans allow borrowers to use an asset as security for the loan. If the borrower defaults, the lender can seize the collateral to recoup losses. These loans are common for large purchases like homes and cars but also apply to personal loans. This guide will explain what collateral loans are, how they work their … Read more
100 percent mortgage financing allows buyers to finance the entirety of their home’s purchase price. This means a down payment isn’t a barrier to homeownership. No-down payment loans aren’t just for first-time home buyers. Repeat buyers can use them, too. Down payment assistance programs also help buyers cover the money they need to buy a … Read more
Buying a home is an exciting milestone, but it can also be challenging to navigate the mortgage process. USDA home loans are an attractive option for rural homebuyers in Kentucky thanks to special features like low interest rates and 100% financing. However, these loans come with specific eligibility and property requirements. In this comprehensive guide, … Read more
Getting a VA loan can be a great way for veterans and active duty service members to purchase a home. However, the occupancy requirements for these loans can be confusing. This article will break down the key occupancy rules for VA loans in simple terms. What is a VA Loan? VA loans are mortgage loans … Read more
If you own a mobile home, you know that keeping it in good shape requires ongoing maintenance and upgrades. While DIY projects can save money, most mobile home renovations require professional help, which can get expensive. Thankfully, there are several financing options tailored to the unique needs of mobile home owners. In this detailed guide, … Read more
Are you unemployed and looking for a no income loan? Those who need to borrow money without income verification may think it’s challenging to get a loan with reasonable interest rates and manageable payback terms, but this is just not the case! There are many emergency loan options when you have no job or don’t … Read more
Taking out a mortgage to purchase a home is one of the biggest financial decisions most people will make in their lives. Understanding how your mortgage loan factors like interest rate and loan term impact your monthly payments and overall costs is essential. Mortgage loan factor charts are valuable tools to help you easily estimate … Read more
Did you know that 120 out of Georgia’s 159 counties are rural? This gives plenty of opportunities for people looking to buy a new home in Georgia to apply for a USDA loan. Georgia USDA loans are backed by the US Department of Agriculture and are aimed at giving rural areas a boost with favorable … Read more
When you take out a loan the original amount of money you borrow is called the loan principal. This key term is one of the most important to understand when taking out any type of loan. What is Loan Principal? The loan principal refers to the amount of money that is originally borrowed from a … Read more