Bella Mertz

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

When considering taking out a loan of any kind, it’s important to understand the repayment model. Otherwise, you’ll be flying blind into an expensive financial commitment. One common repayment structure is a fully amortized loan. Fully amortized loans are one of the most common types of loans that people take out especially when it comes … Read more

Variable rate loans can seem tempting at first glance The interest rates are often lower than fixed rate loans, so your monthly payments start out lower. Who wouldn’t want lower monthly bills? But before you sign on that dotted line, it’s important to understand the potential risks of taking out a variable rate loan. What … Read more

Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. Recourse loans are a type of secured debt that lets lenders recoup defaulted loan balances by seizing both the loan collateral and—when necessary—the borrower’s other assets. Common types of recourse debt are auto … Read more

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

The U.S. Department of Agriculture (USDA) offers various loan programs to support farmers, ranchers, and rural homebuyers. USDA loan rates are adjusted periodically based on market conditions. For March 2023, the USDA has announced updated interest rates for key lending programs like farm operating loans and farm ownership loans. In this article, we’ll break down … Read more

Land loans can help you buy property without any structures on it, especially when you don’t have immediate plans to build on the land. Whether you’re planning to build your dream house someday or buying a new location for your business, you might need a land loan to make it happen. We’ll go over the … Read more

To get a home equity loan or HELOC, you’ll need to be on the deed. However, your name doesn’t have to be on the deed if you cosign with someone who is on the deed. If you have sufficient equity in your home—typically at least 15% to 20%—you may be able to tap into it … Read more

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