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
Getting an FHA loan can be a great way for buyers with less-than-perfect credit or limited funds for a down payment to purchase their first home But what if you already have an FHA loan and want to buy another property – can you get approved for multiple FHA loans? The short answer is yes, … Read more
Many homeowners refinance their traditional mortgages to obtain more favorable terms as they pay down their home loans. However, it’s also possible to refinance a reverse mortgage—a loan that lets older adults tap into their home equity without selling or making monthly payments. Here’s how a reverse mortgage refinance works, and when it might make … Read more
Have you ever looked at your monthly loan statement and wondered what that balance amount actually represents? Or maybe you’re considering paying off a loan early and need to know how much is still owed. In either case, you need to understand the concept of the unpaid balance – one of the most important figures … Read more
As more Americans attend four-year colleges and universities, an increasingly large amount are taking on student loan debt to fund their education. Student loan debt can understandably feel like a burden, but it doesn’t have to prevent you from achieving your dreams of homeownership. A USDA loan can be a great tool to help recent … Read more
Looking for a car loan? Learn more about debt-to-income ratio and how it might affect getting a vehicle loan with this blog post from TDECU. When you start shopping for a new car, you may envision yourself driving a big, shiny, new vehicle loaded with all the latest features. Before you make a list of … Read more
With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more
Many Veterans who utilize the VA loan do so with another applicant. It often makes sense for prospective homebuyers to want or need another applicant on their VA loan. Using another persons income, credit score and debt level can do wonders for loan qualification. However, not all co-borrowing scenarios are easy, and some may be … Read more
Buying a fixer-upper isn’t for everyone. But for someone willing to take on such a project, there can be a lot of benefits. Fixer-upper homes are generally more affordable, and usually face less competition from other buyers. But if you’re buying a home with a VA loan, you may be wondering if it’s even possible … Read more
Getting a loan can be difficult, especially if you have little credit history or less-than-perfect credit. But there are lending options out there for people in all financial situations, including loans based on your employment In this comprehensive guide, we’ll explain everything you need to know about loans based on employment – who offers them … Read more