Bella Mertz Getting approved for a mortgage is one of the most important steps in buying a home, and a mortgage commitment letter from your lender can make your offer stand out to a seller. It also lays out important information regarding the loan youâre approved for, and conditions that may need to be met before the … Read more
Buying a car can be an exciting yet daunting process. With so many options for makes, models, features, and prices it’s easy to get overwhelmed. On top of comparing vehicles you also need to think about how you’ll pay for your new ride. Getting approved for an auto loan ahead of time can make the … Read more
A single-payment loan requires the borrower to repay the entire principal balance and the interest in one lump sum on the due date. The Ins and Outs of Secured Single-Payment Loans Single-payment loans allow borrowers to get a lump sum of cash that must be repaid in full by a specific due date. These loans … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. A mortgage broker is a licensed … Read more
A VA loan can help you achieve your dream of homeownership with more flexible lending criteria. However, these loans are only available for eligible veterans, active duty service members, and surviving spouses. If you’ve used your VA loan before or are considering using your entitlement to purchase your first house, you might wonder, “How many … Read more
Want to guess at a community’s financial health? Abandoned houses or vacant shopping centers are an obvious sign things aren’t good, but a more subtle indication of financial insecurity is the number of payday lenders in the area — businesses that cater to cash-strapped customers willing to pay exorbitant interest for small personal loans. According … Read more
Similar to home equity, land equity is the value of your land minus any money you owe on the loan used to purchase it. With a land equity loan, you can turn that equity into cash without having to sell the land itself. You can use it to build a home on the property, pay … Read more
This calculator will compute an interest-only loans accumulated interest at various durations throughout the year. These amounts reflect the amount which would need to be paid in order to maintain a constant principal balance. For your convenience we list current Wilmington mortgage rates to help you perform your calculations and find a local lender. Calculator … Read more
Buying or building a brand new home can be an exciting prospect for many homebuyers. With today’s competitive housing market and low inventory levels having a home built from the ground up may be an appealing option, especially for military servicemembers and veterans who want to utilize their VA loan benefit. While VA loans are … Read more
Owning a home is part of the American dream, but for many disabled individuals, it can seem out of reach. With the right preparation and knowledge, buying a home as a disabled person is possible. This comprehensive guide will walk you through the process and provide helpful tips and resources. Understanding Disability for Home Loans … Read more