Bella Mertz

If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Buying a home is an exciting milestone in life. After … Read more

A conventional mortgage is a home loan that’s not insured or guaranteed by the U.S. government. Qualifying home buyers can use conventional mortgages to purchase a primary residence, second home, or investment property. You dont need a 20% down payment to get a conventional loan. Some programs allow down payments as low as 5% or … Read more

A VA Cash-Out refinance is a popular option for homeowners who want to use their home equity for a variety of reasons, from funding home improvements to paying for college. Its also a great opportunity to consolidate credit cards and other high-interest debts under one umbrella at an affordable rate. However, there are pros and … Read more

Are you looking to buy a house? Before you start daydreaming about your new home, you need to consider which type of mortgage youre going to use to buy it. You could opt for a regular conforming mortgage. But what if you want to buy an expensive home? For that, you probably need a jumbo … Read more

Knowing the type of interest you pay on a loan can prevent you from making detrimental financial decisions. Many loans charge simple interest, the most attractive form of interest on any loan. Here’s everything you must know about the simple interest formula, how it works, and when it applies. As a personal finance blogger, I … Read more

Conditional approval is a step in the home buying process that might occur before you get your final mortgage approval. If your lender tells you that you’re “conditionally approved,” you might be wondering how it differs from initial mortgage approval to buy or refinance a home. Let’s take a look at the different types of … Read more

With a shortage of homes for sale on the market, you may be looking to build your new dream home. Building your own home can be a tremendously rewarding experience. You get to make choices about everything from location and floor plan to colors and landscaping. At the end of the process, you have a … Read more

Updated December 2, 2019 . AmFam TeamConsolidating credit card debt into a mortgage and lowering your monthly payments may look like an enticing option. However, is it the right option for you? If you’ve been looking at your bills lately and wondering how to save on those monthly payments, you may be thinking, “Can I … Read more

If you’ve always dreamed of building your perfect custom home, a one time close loan could make that dream a reality. This innovative loan product lets you finance the construction and purchase of a new home with just one loan and one closing. As a homebuyer, this streamlined process saves you time, money, and hassle … Read more

Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more