Bella Mertz There are many reasons why you may want to prequalify for a personal loan, such as checking your chances of loan approval and estimating your loan terms without harming your credit score. If you’re considering personal loan prequalification, here’s what you need to know. Getting preapproved for a personal loan can help ensure you qualify … Read more
The high cost of making a down payment is one of the biggest obstacles for many first-time homebuyers This is where FHA loans with 0% down can help The Federal Housing Administration (FHA) offers mortgage programs that allow you to purchase a home without making a down payment, While enticing FHA 0% down loans have … Read more
When it comes to major personal loans like mortgages and auto loans there are some key similarities borrowers should understand. While the purpose and details may differ mortgages and auto loans share one fundamental quality – they are both secured loans that require a down payment. As someone who has helped countless clients finance major … 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
It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Find out what these reason codes actually mean and what to … Read more
Many Veterans who utilize the VA loan do so with another applicant. It often makes sense for prospective homebuyers to want or need another applicant on their VA loan. Using another persons income, credit score and debt level can do wonders for loan qualification. However, not all co-borrowing scenarios are easy, and some may be … Read more
VA loans are designed for military members and veterans who meet Department of Veterans Affairs requirements. Nonmilitary spouses who are married to eligible veterans and military members can share in their partner’s VA entitlement and loan benefit. But, divorce can complicate a spouse’s VA loan eligibility and property rights. Here’s what you need to know … Read more
Land loans give Arizonans a convenient way to make their dream home happen or purchase land for business or recreational purposes. You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click … Read more
When it comes to mortgages, there are two main ways payments can be structured: amortized and interest-only. Both borrowing structures have advantages and disadvantages, so it’s essential to understand each before committing to a loan. Here’s a look at the differences between amortized vs. interest-only payments. When taking out a loan, one of the most … Read more
Buying a home is an exciting milestone, but it also comes with big financial responsibilities. When applying for a USDA direct home loan, it’s important to accurately estimate your monthly mortgage payment and other costs to ensure they fit your budget USDA provides an online payment calculator to help applicants get a realistic preview of … Read more