Bella Mertz Sometimes a personal loan requires you to provide collateral to help qualify for the loan amount you’re seeking during the application process. With an auto-secured loan, you can obtain a loan using your car as collateral for the cash you need. Regional Finance offers some of the best loans using a car as collateral, giving … Read more
In Alabama, you can take advantage of a Federal Housing Administration (FHA) loan to finance a home with a low down payment. FHA loan limits affect how much of a mortgage you can take on, but loan maximums can vary by state and county. The 2024 FHA maximum for all single-family homes in Alabama is … Read more
Taking out a home loan is one of the biggest financial commitments most people make in their lifetimes. A 30-year mortgage can end up costing double the amount you originally borrowed by the time it’s fully paid off due to all the interest charges. But what if there was a way you could pay off … Read more
Are you interested in a career that allows you to help people realize their dream of homeownership? Do you want a job where no two days are the same and you get to analyze financial situations and come up with solutions? Then a career as a mortgage loan originator may be right for you! In … Read more
Buying a home is an exciting milestone but it also involves a lot of number crunching. As a potential homebuyer you need to figure out the full monthly costs – not just the mortgage principal and interest. Expenses like property taxes, home insurance, mortgage insurance and HOA fees all factor into your payment. This is … Read more
A mortgage cosigner takes on the responsibility of ensuring a mortgage loan is paid. Some borrowers need help from a more financially secure cosigner in order to qualify for a mortgage, and those who help out should understand exactly what theyre getting into. A cosigner can be anyone who promises to take on the responsibilities … Read more
Buying a boat is an exciting experience. Who doesn’t love the feeling of freedom that comes with owning your own vessel and being able to cruise the open waters whenever you want? However boats can be quite expensive, so financing is often necessary to make boat ownership possible. This raises an important question – what … Read more
USDA PMI is a misnomer, as private mortgage insurance is unique to conventional loans. But USDA loans require their own version of mortgage insurance. Find out how much you might pay. Do you want to buy a home but worry about coming up with a down payment? A USDA loan can ride to the rescue, … Read more
Figuring out how to get rid of PMI (private mortgage insurance) on an FHA loan can be confusing, so we’ve done the research to make it easier to understand. But first, please understand one important fact: FHA loans do NOT carry PMI. Instead FHA loans may have a Mortgage Insurance Premium (MIP). The two insurance … Read more
In spite of having sufficient income to afford a monthly mortgage payment, some would-be buyers defer a home purchase because they lack funds for a down payment. They assume a mortgage isn’t viable at the present time, but this thinking isn’t necessarily true. If you don’t qualify for a zero-down mortgage (ex. VA or USDA), … Read more