Bella Mertz

If you’re looking to buy or sell a home through an alternative financing method, you may come across something called a “wrap around mortgage” or “wrap around loan.” But what exactly is a wrap around loan and how does it work? In this comprehensive guide, we’ll explain everything you need to know about wrap around … Read more

Having no established credit score can present challenges when trying to get approved for a mortgage. Most lenders rely heavily on credit scores to assess loan risk. But going through a manual underwriting process can help you secure home financing even with no credit score history. Manual underwriting takes a deeper look at your financial … Read more

Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more

When buying a home, assuming the seller’s existing mortgage can sometimes be an appealing option. Taking over a low-rate loan spares you from having to qualify for new financing. This route may be especially enticing in a high mortgage rate environment. But not all mortgages can be assumed by a new buyer. So are loans … Read more

For many homebuyers in Texas, FHA loans can provide an accessible path to affordable home financing These government-backed mortgages insured by the Federal Housing Administration offer more flexible eligibility standards than conventional loans If you’re considering an FHA loan for your Texas home purchase, this comprehensive guide will overview the program, requirements, benefits, limitations, and … Read more

Having a disability often comes with financial challenges. You may rely on fixed disability income, have limited work options, or struggle building a strong credit history. As a result, many disabled home buyers end up with bad credit scores or credit report issues. But having bad credit doesn’t have to stop you from achieving the … Read more

As a first-time homebuyer, I was excited to learn that I may qualify for a USDA loan. The prospect of getting into homeownership without any down payment requirement seemed too good to be true. But then a potential complication arose – my girlfriend recently moved in with me This development made me worry whether her … Read more

Dreaming big about going tiny? Knowing how to finance a tiny house can turn those dreams into reality. Although you might save over the long haul, tiny houses don’t come with tiny upfront costs. You usually can’t use a traditional mortgage to pay for a tiny house, either. Instead, you might need to use a … Read more

With reference to lending, security or collateral, is an asset that is pledged by the borrower as protection in case he or she defaults on the repayment, not paying some or all back. Under the loan agreement, the lender could have the right to take ownership of the asset in place of the repayment, or … Read more

The USDA home loan program provides affordable financing to help low- and moderate-income buyers purchase homes in rural areas. These government-backed mortgages make homeownership more accessible for Massachusetts families who may not qualify for traditional loans. In this comprehensive guide, we’ll explain everything you need to know about getting a USDA home loan in Massachusetts. … Read more