Bella Mertz Conventional and FHA loans are two of the most popular types of home loans. Youâll likely come across these terms as you prepare to buy a home or refinance your mortgage. The main difference between an FHA loan and a conventional loan is that an FHA loan comes with a lower credit score requirement and … Read more
Buying your first home is one of the most exciting and rewarding experiences in life. However, it can also be daunting, especially when it comes to securing financing. This is where a USDA housing loan can help make homeownership more accessible and affordable. USDA stands for the United States Department of Agriculture. They offer special … Read more
One way to recover some money during tax season is through tax deductions, which are reductions of income that are able to be taxed and are commonly a result of expenses. There are many types of tax deductions, one of which is car loan interest. Car loans are common for American households. According to Experian, … Read more
A United States Department of Agriculture (USDA) loan is an appealing option if youre looking to buy a home in a rural area. Not only do USDA loans come with perks like zero-down-payment options and lower interest rates, but they also have flexible credit score requirements. Additionally, they do not require borrowers to carry mortgage … Read more
Filing your income taxes can be exciting or stressful, depending on whether you’re expecting a refund or owe money to the IRS. If a large tax bill catches you by surprise, you may be considering a personal loan to help you make your payment. Although personal loans can be used to pay your taxes, they’re … Read more
Fannie Mae is expanding credit for eligible borrowers and supporting sustainable homeownership. How? By providing 97% loan-to-value (LTV) financing options that help lenders better serve first-time homebuyers. To qualify for purchase loans with an LTV greater than 95%, homeownership education will be required for at least one borrower, when all occupying borrowers are first-time homebuyers. … Read more
Good timing can make a big difference in life. This is certainly true of buying a home and getting a mortgage loan. While many matters in this process are out of our control, carefully determining when to shop for a mortgage, apply for financing, and close on a loan may reap benefits. Learn what the … Read more
Being unemployed and not having a full-time job can hurt your chances of getting approved for a mortgage. That’s because two major deciding factors for lenders when reviewing a mortgage application are your income and job history. Unfortunately, not everyone has those. Some individuals don’t have full-time jobs because they work for themselves as freelancers … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. Deciding between a VA loan or … Read more
Purchasing a home is an exciting milestone in life. For many veterans and active military personnel, a VA home loan can help make homeownership more affordable. But what if you already own a home and are looking to purchase a second property – like a vacation home or investment property? Can you use a VA … Read more