Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. If you have a felony conviction, its definitely still possible for you to … Read more
The Federal Housing Administration (FHA) mortgage loan is a popular option for homebuyers who want to purchase a home with a low down payment FHA loans only require a 35% down payment for borrowers with credit scores of 580 or higher. This makes them more accessible than conventional loans that typically require down payments of … Read more
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If you’re a homeowner looking to tap into your home’s equity, you may be debating between a mortgage loan and a home equity loan. Both allow you to access your home’s equity but they work differently. In this article I’ll compare mortgage loans vs home equity loans, so you can decide which option is better … Read more
Assuming a VA loan can be an excellent way for both buyers and sellers to benefit from the unique advantages of the VA loan program. With mortgage rates on the rise more homebuyers are interested in assuming existing VA loans with lower interest rates. At the same time, the assumability feature gives VA loan borrowers … Read more
Getting a mortgage to buy a home is one of the biggest financial decisions you’ll make When exploring your options, you’ll likely come across conventional loans These are mortgages issued by private lenders, rather than government entities. Conventional loans make up the majority of mortgages originated today. In fact, according to Urban Institute, conventional conforming … Read more
A single-payment loan requires the borrower to repay the entire principal balance and the interest in one lump sum on the due date. Single-payment loans, also known as lump-sum loans, allow borrowers to receive the full loan amount upfront in a single payout. These loans require one large repayment at the end of the loan … Read more
Buying a house usually means taking out a mortgage. Understanding different types of mortgage loans can ease the process of buying a house and potentially save you money, too. This article contains general information and is not intended to provide information that is specific to American Express products and services. Similar products and services offered … Read more
Conditional approval is a step in the home buying process that might occur before you get your final mortgage approval. If your lender tells you that youâre âconditionally approved,â you might be wondering how it differs from initial mortgage approval to buy or refinance a home. Letâs take a look at the different types of … Read more
Irrevocable trust loans offer borrowers a unique financial option, utilizing real estate assets held within an irrevocable trust as collateral. This article aims to address the top frequently asked questions about irrevocable trust loans, providing comprehensive insights into this specialized lending approach. Obtaining an irrevocable trust loan can be a great solution when you need … Read more