USDA loans can offer serious benefits for those who use them. With no down payment requirements, low interest rates and looser income requirements than many other loan products, they open the door to homeownership for many Americans who previously had no other options. Even better, utilizing a USDA loan on manufactured and modular housing is … Read more
This calculator will compute an interest-only loans accumulated interest at various durations throughout the year. These amounts reflect the amount which would need to be paid in order to maintain a constant principal balance. For your convenience we list current Elk Grove Village mortgage rates to help you perform your calculations and find a local … 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. For many first-time homebuyers and borrowers with less-than-perfect credit, an … Read more
Considering whether to borrow money for a down payment on a new home? You have options, which include taking out a home equity loan or home equity line of credit (HELOC), or even asking a friend or relative for a private loan. Below, you’ll learn the pros and cons of the various ways you can … Read more
Choosing the right hard money lender for your investment project can be tricky. In my 28-year career in real estate and investing, I have had to source hard money financing for everything from simple fix-and-flip properties to multi-million-dollar apartment building rehabs. In this article, I’ll cover the basics of hard money loans, how to choose … Read more
Buying a home is an exciting milestone, but qualifying for a mortgage can be challenging, especially for low- to moderate-income homebuyers Fortunately, PA USDA loans are an attractive option that make homeownership possible even with limited savings or imperfect credit. In this comprehensive guide, we’ll break down all the key PA USDA loan requirements so … Read more
Debt consolidation can be a smart financial move for homeowners with high interest credit card, medical, or other unsecured debt. By rolling multiple debts into one loan, you can simplify payments, reduce interest rates, and pay off debt faster. A home equity loan is one way to consolidate debt by leveraging your home’s equity. What … 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
Department of Veterans Affairs (VA) loans are an attractive mortgage financing option for qualifying home buyers. If youâre an active-duty military member, a veteran or a surviving spouse, you can enjoy lower mortgage rates, limited closing costs and little to no down payment if you meet certain eligibility requirements for a VA loan. However, if … Read more
Getting access to financing can be difficult if you have poor credit or no credit history, Traditional lenders like banks typically require a credit check and a good credit score to approve borrowers for unsecured loans But there are some online lending options like payday lenders that offer signature loans with no credit check In … Read more