Bella Mertz If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as … Read more
Conventional loans are a popular mortgage option for many homebuyers in California. One key factor that determines if a loan can be classified as conventional is whether it falls within the conforming loan limits set by the Federal Housing Finance Agency (FHFA) each year. These limits dictate the maximum loan amount that can be considered … Read more
Student loan debt is at an all time high with over 44 million Americans owing a total of $1.5 trillion in student loan debt. This huge debt burden is making it harder for many prospective homebuyers to qualify for a mortgage. Fannie Mae the largest provider of mortgage financing in the U.S., has specific policies … Read more
You can have more than one loan backed by the Federal Housing Administration (FHA). You’ll need to follow strict rules about living in each home as your primary residence, however, which may limit how many FHA loans you can have. The Federal Housing Administration (FHA) insures mortgage loans made by approved lenders. FHA loans allow … Read more
If you need to finance a major purchase, there are many options to choose from. Two of the best options that may be available for homeowners are home equity loans and home equity lines of credit (HELOCs). Both options let you access the equity in your home, and you can use these funds to pay … Read more
Boating is a passion for many people, and owning a boat is a dream come true. However, boats can be expensive, and not everyone can afford to pay for them outright. In such cases, boat loans can be a great way to finance a purchase. But when it comes to boat loans, there are two … Read more
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When it comes to purchasing a home, navigating the complex world of mortgages can be overwhelming. For those seeking a path to homeownership with unique advantages, a USDA loan might be the solution. The United States Department of Agriculture (USDA) offers a loan program specifically designed to assist individuals and families in rural areas in … Read more
California residents looking for affordable housing options should consider manufactured and modular housing. Manufactured homes, also known as mobile homes, offer portability and affordability. Modular housing, which is also factory-built, provides the ability to have a budget-friendly home on a foundation. Financing manufactured and modular housing differs from traditional housing, but many options are available … Read more
Defaulting on a loan can have severe and long-lasting financial consequences. When you default on a loan, you fail to make payments as agreed in the loan contract. Defaulting is not something to take lightly, as it can ruin your credit, lead to legal action, and make it very difficult to obtain loans and credit … Read more