Bella Mertz It’s a known fact that you can finance a vehicle with a car loan or a personal loan. But did you know that you can also get a car loan even if you already have a personal loan? If you’ve taken out a personal loan to pay for last year’s vacation and you’d be paying … Read more
A home equity line of credit (HELOC) and a home equity loan are similar because both allow borrowers to access the equity they’ve built in their homes. But the two have fundamental differences—a HELOC is similar to a credit card, allowing users to borrow money as needed. In contrast, home equity loans are more traditional, … Read more
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It’s possible to use a VA loan for a second home, but this process isn’t as easy as simply finding a lender and applying for another mortgage. There are quite a few different rules you’ll need to follow to ensure that you qualify. With that in mind, here’s a look at what you need to … Read more
Finding the right mortgage can be a complicated process. As a borrower, you want to get the lowest interest rate and best loan terms. But how do mortgage professionals like loan officers get paid? Do they earn a commission based on the loans they originate? The short answer is yes many loan officers do make … Read more
Buying a manufactured home with a VA loan can be an affordable path to homeownership for eligible veterans, active duty service members, and surviving spouses Manufactured homes cost significantly less per square foot compared to site-built homes, and VA loans typically have competitive interest rates and flexible terms However, there are specific requirements and limitations … Read more
If you want to remove a name from a mortgage, it’s important to know that divorcing someone or taking them off the title doesn’t automatically mean that they aren’t liable anymore. (The same goes for cosigners and co-borrowers.) Learn the difference between getting someone’s name off of a mortgage and removing their ownership rights, and … Read more
Taking out a home equity loan or home equity line of credit (HELOC) can be a great way to tap into your home’s equity for major expenses like home improvements, debt consolidation, medical bills, and more. But before you apply, it’s important to understand that these loans come with closing costs – fees charged to … Read more
How they work and the pros and cons of each Part of the Series Personal Loan Guide Personal Loan Types Personal loans and car loans are two common financing options for major purchases, but a car loan is often better for buying a car. The main difference between a personal loan versus a car loan … Read more
If you’re a real estate investor or a new homebuyer looking to create a dream home, a self build construction loan may be the right option. With this type of construction loan, you can build a new home and save money by acting as your own general contractor. If you already have homebuilding experience, you … Read more