Bella Mertz The VA home loan program offers great benefits to eligible veterans, active duty servicemembers, and surviving spouses. A key requirement is that the borrower must intend to personally occupy the home as their primary residence. This article will break down the details of the VA occupancy rules so you can fully understand and meet the … Read more
Whether you are a first-time homebuyers or are re-entering the housing market, qualifying for a mortgage can be intimidating. By learning what lenders look at when deciding whether to make a loan, youll be more confident in navigating the mortgage application process. Standards may differ from lender to lender, but there are four core components … Read more
Are you struggling to afford a home in South Carolina? Before you give up the search, consider looking into an FHA-insured loan. Loans backed by the Federal Housing Administration (FHA) can be a huge help to buyers with limited income or savings. For a single-family home in South Carolina, you can potentially qualify for an … Read more
A credit score is one of the key factors mortgage lenders review when determining your eligibility for a home loan If your score is on the lower end, you may be wondering if homeownership is still possible. The good news is that a 640 credit score is typically high enough to qualify for certain mortgage … Read more
An FHA construction-to-permanent loan, also known as a one-time close loan or a single close loan, allows you to finance the construction of a new home and get a permanent mortgage in just one loan and one closing. This type of financing can make building a custom home more affordable and accessible, especially for buyers … Read more
If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as … Read more
Every mortgage comes with closing costs (even those advertised as “no closing cost” loans). A home loan is a product, and like any kind of good or service, there are related costs. So, what exactly is included in “closing costs” for a VA loan? As it turns out, “closing costs” is really a catchall term … Read more
Credit card debt is easy to accumulate but tough to pay down, especially when high interest rates keep balances growing. A personal loan used for a balance transfer can provide relief by consolidating balances into one fixed monthly payment at a lower rate This guide covers how balance transfer personal loans work, their advantages over … Read more
Need to pay for a major kitchen remodel? Or maybe you need to buy land and fund the construction of an entirely new home. An FHA construction loan could help. First, you need to understand how this type of home loan works and how it differs from a standard FHA loan. Weâll review that in … Read more
Taking out a loan is one way to access capital to purchase a home, car, or other large expense. But “loan” is just one term for this type of financial arrangement. There are actually many synonyms and related words that can be used in place of “loan.” Below we’ll explore over 45 alternatives to the … Read more