Bella Mertz Land loans allow you to purchase land and secure financing before you build a home or other structure on the property While most mortgages are 15 or 30 years, land loans typically have much shorter terms of 1-10 years However, some lenders do offer 30 year land loans, providing more flexibility and lower payments over … Read more
Buying a home is an exciting milestone but it can also be a complicated and stressful process. Securing financing is one of the biggest hurdles for many homebuyers especially for those with limited funds for a down payment or less-than-perfect credit. If you’re a first-time homebuyer in Indiana struggling to get approved for a mortgage, … Read more
Do VA Loans Cover Manufactured Homes? Everything You Need To Know Manufactured homes have become an increasingly popular option for homebuyers looking for an affordable way to achieve homeownership. If you’re a veteran or military member considering a manufactured home purchase, you may be wondering if you can use your VA home loan benefit to … 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
Interest-only loans have developed a bad reputation over the years, often viewed as a risky mortgage product that fueled the housing bubble and subsequent crash However, the reality is that interest-only loans, when used responsibly, can be an effective tool for certain borrowers’ situations In this comprehensive guide, we’ll break down exactly how interest-only loans … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
The NFCC often receives questions from readers about their money challenges. We answer your common questions in our Ask an Expert series, in hopes of helping readers find the information they need. My wife and I are looking to get our first home this year. Unfortunately, my car started acting up and now I need … 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
Department of Veterans Affairs (VA) loans are an attractive mortgage financing option for qualifying home buyers. If youâre an active-duty military member, a veteran or a surviving spouse, you can enjoy lower mortgage rates, limited closing costs and little to no down payment if you meet certain eligibility requirements for a VA loan. However, if … Read more
Taking out a home equity loan can be a great way to access the equity in your home for major expenses, home improvements, debt consolidation, and more. But before a lender will approve you for a home equity loan, they generally require an appraisal of your home. Here’s what you need to know about home … Read more