Bella Mertz

Private mortgage insurance (PMI) is an additional cost required by most lenders when buyers put less than 20% down on a home loan. On conventional loans, PMI can be removed once equity reaches 20%. But Federal Housing Administration (FHA) loans work differently. What Is PMI on an FHA Loan? With an FHA loan, the equivalent … Read more

Closing credit of 1.25%, up to $10,000, provided by Rocket Mortgage. Rebate of .5% provided by Rocket Homes. As a Knoxville resident looking to purchase a new home or refinance my current mortgage I decided to research the mortgage lending options available in my area. I kept hearing good things about Quicken Loans so I … Read more

Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. Follow along as we demonstrate how to use the site Loan origination fees are commonplace when taking out a new loan. However, the accounting treatment of these fees can be confusing. This article will explain in simple terms how loan origination fees … Read more

If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting approved for a VA loan with bad credit may … Read more

If you’re in the market for a home loan, you may be weighing your options between a traditional 30-year mortgage and something with a shorter term like a 15-year loan. But did you know there’s another option that falls right in the middle? The 25-year mortgage offers a nice balance of low monthly payments and … Read more

Have unexpected expenses but payday is still a few days away? If you have an unanticipated expense and you need money now, EZ Money in Des Moines, IA has payday advances, cash services, and other loan options that can help. With our quick-and-easy payday loans and other loan services, your financial needs can be taken … Read more

Getting a mortgage declined after receiving conditional approval can be a frustrating and confusing experience. As a homebuyer, you think you are on the path to purchasing your dream home after getting conditionally approved. Then out of the blue, you receive the devastating news that your loan was denied. This situation leaves many questions racing … Read more

Making sure their children grow up in a safe and healthy environment is a priority for many people – including single parents. If you’re a single parent looking to buy a home for your family, considerations like finding the best home loan option are well worth your time and attention. While there are no “single … Read more

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

When considering taking out a loan of any kind, it’s important to understand the repayment model. Otherwise, you’ll be flying blind into an expensive financial commitment. One common repayment structure is a fully amortized loan. Fully amortized loans can seem complicated at first glance, but they’re actually quite simple once you understand the basics. As … Read more