Bella Mertz **The information on this web page is provided for informational purposes only and should not be considered as legal, tax, financial or investment advice. Since each individual’s situation is unique, a qualified professional should be consulted before making financial decisions.** In this article I’m going to show you how to qualify for a multifamily loan … Read more
While almost all home builders require a down payment to get started, Madison Homebuilders does not, with few exceptions. Madison Homebuilders builds your home on the strength of our company—so under average circumstances there is no need to even apply for a construction loan, saving thousands in construction loan interest. This post is a guide … 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
You’ll likely need a FICO Score of at least 680 to qualify for a home equity loan or HELOC, but some lenders may prefer a credit score of 720 or more. If you own a home, you can tap into your homes equity to finance a home renovation project, pay off high-interest debt or for … Read more
Research boat financing and boat loans, and you’ll discover that financing a boat is faster and easier to attain than many people think. In most cases, securing boat financing usually isn’t very different from financing a new car. However, before you submit a boat loan application, there are a few steps you’ll need to take … Read more
If you’re a homeowner looking to tap into your home’s equity, you may be wondering whether a home equity loan or a second mortgage is the better option. Both allow you to access the equity you’ve built up in your home but they work differently. I’ll explain the key differences between home equity loans and … Read more
Our loan comparison calculator is designed to show you when the costs of your two fixed-rate loan options are the same — also known as the break-even period. So whether you stay in your home for 5 years, or 25, you’ll have all of the info you need to make the right decision about which … Read more
Purchasing a home is a major financial milestone. But for self-employed borrowers or those with non-traditional income sources qualifying for a mortgage can be challenging. Bank statement loans offer a potential solution by approving borrowers based on bank account deposits rather than tax returns or pay stubs. In this comprehensive guide, we’ll explain what bank … Read more
USDA loans include occupancy requirements that specify how USDA-financed homes can be used and by whom. The most important USDA occupancy requirement is the primary residency requirement, which says the home must be used as your primary place of living — not a second home, vacation house, or income-earning property. Individual scenarios can make determining … Read more
The FHA loan program offers several benefits for homebuyers, including low down payments and flexible credit requirements. If you currently have an FHA loan, you may be wondering if you can qualify for another one in the future. While there are some limitations, you generally can get multiple FHA loans over your lifetime. This comprehensive … Read more