Demystifying Simple Interest Loan Amortization

Use this loan calculator for a simple calculation of your monthly payment along with interest paid on the loan. This calculator assumes interest compounding occurs monthly. For additional compounding options use our Advanced Loan Calculator. To find the monthly payment we solve this equation for Payment; where n is number of months, and i is … Read more

HUD Loans for Multifamily Properties: A Complete Guide

Explore HUD loan programs for multifamily real estate investments, including FHA-insured loans that cater to market-rate, affordable, and subsidized properties.In this article: The Department of Housing and Urban Development (HUD) offers several financing programs to support the development and preservation of multifamily rental housing HUD-insured loans provide favorable terms to borrowers and help ensure affordable … Read more

How to Remove a Co-borrower from Your Mortgage Loan

Getting divorced or separating from your spouse often means making big changes to your finances including your mortgage. If you bought a house with someone else and took out a mortgage together removing them from the loan can be complicated. As co-borrowers, you are both equally responsible for repaying the mortgage debt. Simply taking your … Read more

What is a Conditional Loan Approval?

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

Can You Have A Co-Signer On An FHA Loan?

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

Can You Buy a Manufactured Home with a FHA Loan?

This type of financing can put mobile home ownership within reach for many Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Despite the relatively modest cost of a manufactured home (commonly referred to as a mobile home), it can be harder to qualify for a mortgage for one of these dwellings … Read more

How Can I Get a Loan for Land? A Detailed Guide

Buying land to build your dream home or start a business can be an exciting prospect. However, land loans are more complex than regular mortgages. Lenders see land loans as riskier because there’s no property as collateral So how do you get approved for financing to purchase land? This comprehensive guide covers everything you need … Read more