Bella Mertz This tool helps you determine if paying off debt or investing the same amount is the better financial decision. When you pay off debt, you eliminate interest expense. During the time you make debt payments, you sacrifice interest income that you could have earned if you had invested the same amount. However, once you pay … Read more
The USDA loan program is a popular choice for buyers looking to purchase homes in designated rural areas. However, the USDA closing process can be quite different from traditional mortgage closings. In this article, we will explore the timeline of the USDA closing process and discover tips to speed up your journey to homeownership. Getting … Read more
Mortgage loan officers play a key role in the home buying process. They meet with prospective homebuyers assess their financial situations pre-approve them for loans, and guide them through the mortgage application process. With their expertise, mortgage loan officers help match homebuyers with the right loan products so they can achieve homeownership. But how exactly … Read more
Many Veterans may not be familiar with the recasting, refinancing and reamortization options available for VA loans. For those with a VA loan who may require assistance with payments or wish to restructure their debt, its important to have a basic understanding of these concepts. If you currently have a VA mortgage loan you may … Read more
Building your dream home from the ground up can be an exciting and rewarding experience. However, it also requires a significant financial investment. That’s where 0 down construction loans come in. These specialized loans allow you to finance the building of a new home without requiring a down payment. In this comprehensive guide, we’ll explain … Read more
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
With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more
Getting a mortgage is often contingent on providing your last two years of tax returns to verify your income But what if you haven’t filed taxes, are self-employed, or your tax returns don’t accurately reflect your income? The good news is that there are mortgage options available that do not require tax returns Why Would … Read more
Buying a home is an exciting milestone. However having outstanding debt to the IRS can throw a wrench in the process. Many homebuyers wonder – can I get a mortgage if I owe back taxes? The short answer is yes, you can still get approved for a home loan even if you owe taxes. However, … Read more
Non recourse loans are an uncommon but potentially useful financing option for certain borrowers. As their name suggests, these loans offer additional protections compared to standard recourse loans by limiting the lender’s abilities to go after a borrower’s assets in case of default. In this comprehensive guide, we’ll explain what non recourse loans are, their … Read more