Bella Mertz The primary difference between a personal loan and a line of credit is that a loan is a lump sum of money that must be repaid on a set schedule, whereas a line of credit can be used for borrowing on an ongoing basis. Personal loans and lines of credit can be useful tools for … Read more
If youâre a commercial real estate investor, you probably finance your property purchases through loans. Applying for a mortgage and receiving approval can be a lengthy process, involving several stages. A mortgage loan processor is one of the very important links in the chain. As a commercial real estate professional, youâll most likely have dealt … 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
Buying or building a home is likely one of the largest purchases you’ll make in your lifetime. If you served in the military a VA loan can help make owning your own home more affordable. VA loans require no down payment and have competitive interest rates. But did you know you can also use a … Read more
If your home needs repairs to make it more livable, an FHA Title 1 loan could help. The Federal Housing Administration (FHA) provides insurance to private lenders, giving them the confidence to allow homeowners to borrow money for critical home improvements, even if they don’t have any equity. To get a Title 1 loan, homeowners … Read more
Auto loans are a lucrative business that attracts swarms of prospective car buyers each year. In 2019, India-based market intelligence firm Ken Research conducted a study that projected outstanding auto loans in the Philippines to reach P4.3 trillion by 2023. If the study is any indication, a rapidly growing number of Filipinos are financing their … Read more
How to Get the Best Interest Rate on a Land Loan If you’re in the market for a vacant lot to build a dream home or start a new business, securing financing can be tricky. Land loans come with higher interest rates and stricter requirements than traditional mortgages. But with the right strategy, you can … Read more
If you’re a homeowner, you may have heard about tapping into your home’s equity through a 2nd mortgage or home equity loan. But what’s the difference between these two options? And how do you know which one is right for your situation? In this comprehensive guide, we’ll explain what 2nd mortgages and home equity loans … Read more
Purchasing a home is an exciting time, but it also involves navigating a lot of paperwork, fees, and costs associated with the transaction. This is especially true when utilizing a VA loan, which comes with specific guidelines and fees. As a veteran or eligible military member, being aware of the seller costs associated with VA … Read more
VA loans are a popular mortgage option, especially among military service members and veterans. One of the unique features of VA loans is that they are assumable under certain conditions. This means that a homebuyer may be able to take over the mortgage of the current homeowner. But can real estate investors assume VA loans? … Read more