The primary difference between a personal loan and a line of credit is that a loan is a lump sum of money that must be repaid on a set schedule, whereas a line of credit can be used for borrowing on an ongoing basis. Personal loans and lines of credit can be useful tools for … 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 Lewes mortgage rates to help you perform your calculations and find a local lender. Calculator … 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
When it comes to buying a boat, the cost can quickly add up, whether you’re in the market for a brand new boat or a used one. Pre-owned boats can still come with a hefty price tag, but that doesn’t mean you have to give up your dreams of owning one. At Trident Funding, we … Read more
The USDA home loan program provides an excellent opportunity for eligible homebuyers in Nevada to purchase a home with little to no down payment. Known formally as the Section 502 Direct Loan Program, USDA home loans offer 100% financing and flexible underwriting to make homeownership attainable for low- and moderate-income buyers in rural areas. In … Read more
You can use a VA loan to buy land as long as you plan to build a house on it. For military borrowers, loans backed by the U.S. Department of Veterans Affairs (VA) are an attractive option, since they don’t require a down payment and can offer better terms than a land loan from a … Read more
Purchasing a modular or mobile home may be possible with a VA loan, but you will need to meet some unique requirements. The VA loan program makes homeownership possible for hundreds of thousands of Veterans every year. Veterans are choosing a VA loan over other mortgage options to take advantage of its unique benefits like … Read more
VA loans are often one of the most attractive home financing options for Veterans and military borrowers – 2022 was another record-breaking year for the VA loan, with the VA guaranteeing more than 1 million VA loans. However, the VA loan isnt always the best financial choice for every borrower. Here we dive into the … Read more
The Department of Veterans Affairs (VA) offers exceptional benefits for its employees, including various loan programs. As a VA employee, you have access to competitive loan options to assist with major purchases like cars and homes. This article will provide a comprehensive overview of the types of loans available, eligibility requirements, and how to apply. … Read more
As real estate prices continue to climb, more and more people are looking into purchasing unimproved land as an affordable way to invest in property. But financing unimproved land can be tricky. Unlike a traditional mortgage, lenders consider loans for vacant land to be higher risk, which means higher interest rates and stricter qualification requirements. … Read more