Reverse mortgages and home equity loans allow homeowners to access the equity in their home, but they work very differently. If you’re considering tapping into your home equity, it’s important to understand the key differences between these two options to choose the best fit for your needs and financial situation. Overview of Reverse Mortgages and … Read more
VA loans are a popular mortgage option for many homebuyers, especially military servicemembers and veterans. One unique benefit of VA loans is that they are assumable, meaning the mortgage can potentially be transferred to a new buyer who takes over the payments. But how exactly does assuming a VA loan work? In this comprehensive guide, … Read more
How often do your daydreams turn to the bright lights of Paris, sand between your toes, or fresh mountain air? If that excitement quickly turns to disappointment when you check your bank account balance, don’t despair. You don’t necessarily have to save a lot of money before you take a trip. People can use a … Read more
While there’s a lot to like about FHA loans, they may not be right for everyone. Before you make a major financial commitment, it’s important to understand the pros and cons of FHA loans. Only then can you truly decide whether it’s right for you. Buying a home is an exciting milestone in life. As … Read more
VA construction loans can help qualified Veterans finance the purchase of land and the construction of a brand-new home without the need for a down payment. VA construction loan lenders are challenging to come by. True, $0 down VA construction loans arent incredibly common in todays lending climate. Many lenders, including Veterans United, do not … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
If you’re a service member or a veteran who wants to build your own home, a VA-backed loan could be the best way to go. With a VA Purchase Loan, which is a benefit of your service, you can get financing to purchase land and to build your own home, all wrapped into one mortgage. … Read more
The cost of a bridging loan is one of many factors that should be considered when deciding whether such a loan is a good option for you. The convenience of being able to borrow money at potentially short notice means a bridging loan can be an expensive form of borrowing, so the alternatives to a … Read more
Facing potential foreclosure on your primary residence can feel like you’re lost in a dark tunnel with no light at the end. Your once reliable vehicle for building wealth and security has broken down leaving you on the side of the road wondering what to do next. I want to shed some light on your … Read more
Suppose you want to invest in a business that rents property to tenants. You’ll need to learn about non-owner-occupied mortgages and special home loans for properties to be used only as rentals. While these special loans are like home loans, it’s essential to understand the differences. Here are crucial facts you should know about a … Read more