Bella Mertz While we always want to make our monthly mortgage payments, sometimes life can get in the way. If youâre in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why youâre unable to meet … Read more
A preapproval letter is a statement from a lender that they are tentatively willing to lend money to you, up to a certain loan amount. A preapproval letter is based on assumptions and it is not a guaranteed loan offer. But, it lets the seller know that you are likely to be able to get … Read more
It’s no secret that purchasing a home is an expensive and time-consuming process. There are costs at nearly every step of the way—not to mention the fact that homes are simply not cheap. That’s why it is so important to get an affordable loan. A USDA loan could be your ticket to an affordable loan … 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
Investment properties can be great opportunities to build long-term wealth. But purchasing and maintaining an investment property also requires significant upfront and ongoing costs. If you’re looking for a way to tap into your existing property equity to finance investment property expenses, a home equity line of credit (HELOC) may seem appealing. I’ll explain what … Read more
Buying a home is likely one of the biggest financial decisions you’ll make in your life. With home prices continuing to rise across the country, many homebuyers need jumbo loans to finance their dream homes. A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). … Read more
The USDA Rural Development agency offers low-interest mortgage loans to help rural residents achieve homeownership These government-backed loans have excellent benefits like low down payments and flexible credit requirements. However, you must meet certain eligibility criteria to qualify, including income limits based on the area where you want to buy a home Overview of USDA … Read more
If youâre a teacher looking for affordable ways to purchase a new home in the state of Texas, there are several available programs, including Homes for Texas Heroes, Teacher Next Door and Good Neighbor Next Door. These state-backed initiatives provide financial home buyer assistance for qualified professional educators in the state, so long as applicants … Read more
When you need access to extra cash for things like debt consolidation home repairs, medical bills or other major expenses, a personal loan can be a good option. And getting your loan from a credit union can have some nice advantages compared to banks or online lenders. In this comprehensive guide, we’ll explain what you … Read more
Purchasing and renovating real estate can be an exciting yet challenging endeavor for aspiring investors. With the right financing strategy fixer-uppers can be transformed into thriving rental properties and valuable assets. This is where FHA 203k loans come into play. The FHA 203k loan program allows investors to purchase and rehabilitate a property using a … Read more