Bella Mertz When you buy a house, you do so under the assumption that you’ll continue making payments on your mortgage until the end of the loan’s term or you decide to sell the property. Though this is what happens for the majority of homeowners, there may come a time when you need to transfer the mortgage … Read more
If you’re good with numbers and desire a career in the real estate and mortgage industries, you might be interested in becoming a mortgage broker – and understanding what the role entails and what the requirements are can help you pursue this profession with greater ease. Data from Glassdoor shows that mortgage brokers in the … Read more
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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
Homeownership can be expensive, but with the right mortgage, you can save thousands of dollars over the life of your loan. With so many options available for borrowers, home buyers may forget about government-backed programs like the USDA loan. USDA loans are guaranteed by the Rural Development Guaranteed Housing Loan program from the US Department … Read more
Conventional mortgages are the most common type of home loan in the United States and usually offer the best overall deal for borrowers who qualify for one. If youâre ready to buy a home, itâs important to know how conventional loans work, the pros and cons of this mortgage type, and how to get one. … Read more
Personal loans come with a lot of responsibility, but they can be an invaluable tool in a financial pinch. But can you get a personal loan after bankruptcy? Possibly, but you can certainly expect to pay a higher interest rate. Your eligibility depends on the type of bankruptcy you filed, how long ago you filed … Read more
Nearly 45 million Americans have student debt. Thankfully, its becoming easier for homebuyers to obtain a mortgage with student loans. Recent updates to lending guidelines mean that you could be “hit with” a lower student loan payment when it comes to mortgage qualification. Here’s what lenders are required to count as your student loan monthly … Read more
Special rules apply for allocating basis from loans made or guaranteed by limited liability company (LLC) members or affiliates of members. The following discusses how loans made or guaranteed by members or member affiliates generally must be allocated 100% to the member who makes or guarantees the loan (or whose affiliate makes or guarantees the … Read more
Buying a home is one of the most significant investments most people will make in their lifetime However, for rural Americans, achieving the dream of homeownership can be filled with unique challenges That’s where rural home development loans from the USDA can help. These programs provide access to affordable financing to help rural residents buy, … Read more