Bella Mertz It’s possible to use a VA loan for a second home, but this process isn’t as easy as simply finding a lender and applying for another mortgage. There are quite a few different rules you’ll need to follow to ensure that you qualify. With that in mind, here’s a look at what you need to … Read more
Buying a home is an exciting yet complex process. Getting pre-approved for a mortgage can help make things go more smoothly when you’re ready to start seriously looking for your new home. This is especially true if you’re interested in a USDA home loan. The USDA Single Family Housing Direct Home Loan program also known … Read more
If you’re looking to purchase a single-family home in Georgia, you could borrow up to $498,257 with an FHA loan in most counties. In some higher-cost counties, you could borrow as much as $649,750, as long as you meet minimum down payment and credit score requirements. Here’s what you need to know on how to … Read more
When you take out a loan, it comes with a set end date known as the maturity date. This is an important milestone to understand because it marks the end of your repayment obligations. Once your loan reaches maturity, you will have completely paid off the amount you borrowed plus any applicable interest and fees. … Read more
Rocket Loans offers fast and convenient online personal loans. If you already have an account, signing in allows you to manage your loan and make payments. This comprehensive guide covers everything you need to know about signing in to your Rocket Loans account. What is Rocket Loans? Rocket Loans founded in 2016 is an online … Read more
Purchasing land to build a home or start a business on can be an exciting endeavor. However, land is often expensive, so financing is usually required. This means taking out a land loan. Land loans have some key differences from regular mortgages that buyers need to be aware of. One of the most notable differences … Read more
If you’re an eligible veteran or servicemember considering a VA home loan, you may have heard talk of a termite inspection requirement. But why might the Department of Veterans Affairs (VA) require a termite inspection and how does the process work? Whether you’re buying or selling a home, here’s what you need to know about … Read more
When considering taking out a loan of any kind, itâs important to understand the repayment model. Otherwise, youâll be flying blind into an expensive financial commitment. One common repayment structure is a fully amortized loan. Fully amortized loans are commonplace when it comes to financing major purchases like a home or car. But what exactly … Read more
Buying a piece of land to build your dream home on or start a new business can be an exciting prospect. However, land purchases require financing just like buying an existing home does. Land loans allow buyers to finance raw land, commercial property, or vacant lots they plan to build on in the future. But … Read more
Homebuyers who cant put down a sizable down payment with a conventional loan will often need to pay for PMI, or private mortgage insurance. This insurance is designed to protect the lender in the event you default on your loan. For conventional loans, you’ll typically need to pay for PMI unless you can put down … Read more