Bella Mertz Getting an FHA loan can be a great option for homebuyers who want to purchase a home with a low down payment. FHA loans only require a 3.5% down payment, making them one of the most affordable mortgage programs out there. However, there is a tradeoff – FHA loans require you to pay mortgage insurance … Read more
Many homeowners insurance companies offer a variety of benefits, discounts and policies suited for active-duty military service members and veterans. So, finding the right home insurance requires a clear understanding of the type of coverage you need to fit your lifestyle. Since many VA mortgage loans require home insurance, weâve narrowed down the best home … Read more
Youâve just received a letter informing you that your home loan has been purchased by an investor. You might feel upset or confused, since you carefully picked the mortgage lender you wanted to work with â does this change or jeopardize that? We have good news: You donât have to worry. This is a totally … Read more
A fixer-upper loan may be a good option to buy a house that needs some TLC and pay for the repairs needed to turn it into your dream home. These loans are designed to give you the money you need to buy and renovate the home at the same time. Understanding how the different fixer-upper … Read more
A wrap around loan is a unique type of mortgage financing that can benefit both home buyers and sellers. As a potential homebuyer it’s important to understand exactly how wrap around loans work so you can decide if this type of financing is right for your situation. In this comprehensive guide, I’ll explain what a … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Living with a disability can present many financial challenges In addition to covering day-to-day living expenses, you may also have high medical costs If you have bad credit on top of being disabled, getting approved for a personal loan may seem impossible. However, there are lending options available if you take the right approach. I … Read more
Buying an investment property can be an excellent way to build long-term wealth. However, financing investment properties can be tricky, especially for new real estate investors. This is where FHA loans come in. FHA loans are government-backed mortgages insured by the Federal Housing Administration (FHA). These loans offer more flexible underwriting guidelines than conventional mortgages, … Read more
Installing a pool in your backyard can be an exciting prospect but it also carries a hefty price tag. With costs ranging from $50000 to over $100,000 for an in-ground pool, financing is often needed to make this major home addition achievable. When considering financing options, one key question is how long can you finance … Read more
VA home loans may not require a downpayment, but applicants still need to prove their financial worthiness. Lenders can’t give out loans without knowing that borrowers will be able to pay the money back. Therefore, if you plan on buying a home with a VA loan, you will most likely need to show that you … Read more