Buying a home is likely one of the biggest financial decisions you’ll make in your life. And when you’re considering a USDA home loan, using a USDA loan monthly payment calculator can help make sure your new house fits comfortably within your budget. I know first-hand how confusing mortgage calculators can be. When my wife … Read more
Do you know your debt-to-income ratio? Learn more about your DTI ratio, from how it works to how you can use it to your advantage in your next purchase. Between credit scores, interest rate percentages, and auto loan term lengths, buying a car incorporates several types of numerical amounts. The term “debt-to-income ratio” represents another … Read more
Conventional and FHA loans are two of the most popular types of home loans. Youâll likely come across these terms as you prepare to buy a home or refinance your mortgage. The main difference between an FHA loan and a conventional loan is that an FHA loan comes with a lower credit score requirement and … Read more
Having a credit score of 590 can make getting approved for a personal loan more challenging but it is still possible with the right lender. As someone with a 590 credit score, I learned first-hand how to navigate the personal loan process and get approved despite having less-than-perfect credit. In this article, I’ll share my … Read more
For many homebuyers, the biggest concern is whether or not they can afford the home of their dreams. An FHA loan may be the right loan for you, allowing you to purchase your dream home without the expense of a significant down payment. Purchasing a home is both a huge financial investment and a personal … Read more
If youre looking to purchase a home using a VA loan, you should be aware of the VAs minimum property requirements (MPRs). These requirements ensure borrowers buy a safe, sound, sanitary home, including the roof. Purchasing a home is likely one of the biggest financial decisions you’ll make in your lifetime. When getting a mortgage, … Read more
Building a home can be both exciting and daunting. With the right lender, your new home becomes a reality without the barriers and challenges of a complicated financing process or large upfront costs. An FHA single close construction loan puts building a single-family home within your reach, offering low down payment options and simplified financing. … Read more
VA assumable loans are an intriguing option for eligible homebuyers looking to save money on their mortgage. By assuming an existing VA loan from a seller buyers can take advantage of lower interest rates and skip many traditional mortgage fees. But how exactly does the VA loan assumption process work, and what are the pros … Read more
A fixer-upper loan may be a good option to buy a house that needs some TLC and pay for the repairs needed to turn it into your dream home. These loans are designed to give you the money you need to buy and renovate the home at the same time. Understanding how the different fixer-upper … Read more
Personal loans can be a great financing option when you need extra funds for major expenses or consolidating high-interest debt. With a personal loan, you receive a lump sum of cash upfront and repay it over time in fixed monthly payments Interest rates are usually lower than credit cards and approval requirements not as strict … Read more