Getting a home loan is one of the most important financial decisions you’ll make. If you’re looking to buy a home in Virginia, it pays to understand all your mortgage options I’ve taken out a few mortgages in my day And in this post, I’ll share everything I’ve learned about home loans in Virginia – … 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
Getting a job as a loan officer with no prior experience may seem daunting, but it is possible with the right approach Loan officers play a critical role in the lending industry by meeting with applicants to determine if they qualify for loans It’s a career path that allows you to help people achieve financial … Read more
If youre a Veteran, active service member or part of a military family, owning a home may be an important goal for you. VA loans are designed to help the military community achieve homeownership as a thank-you for serving the country. But these loans can certainly come with moments of frustration and uncertainty. Whether youre … Read more
Purchasing a rental property can be a great way to generate passive income and build long-term wealth However, financing a rental property is different than getting a traditional mortgage for your primary residence. Lenders have stricter requirements when it comes to rental property loans to account for the increased risk In this comprehensive guide we’ll … Read more
Non recourse real estate loans allow borrowers to finance real estate purchases without the risk of personal liability if the investment fails. While traditional real estate loans like mortgages leave borrowers on the hook for any outstanding balance, non recourse loans limit the lender’s recovery to the collateralized property itself. Understanding how non recourse real … Read more
Getting approved for a personal loan can be a huge relief The funds can help you consolidate high-interest debt, finance a large purchase, or cover unexpected expenses But what if after you get approved, you realize the loan amount isn’t enough to meet your needs? Is there anything you can do to increase the loan … Read more
This Federal Housing Administration (FHA) mortgage insurance premium (MIP) calculator accurately displays the cost of mortgage insurance for an FHA-backed loan. Unlike most private mortgage insurance (PMI) policies, FHA uses an amortized premium, so insurance costs change along with your loan amount. The calculator allows you to see total mortgage costs including your MIP charges … Read more
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The FHA loan program helps make homeownership possible for buyers who may not qualify for conventional financing With low down payments and flexible qualifying guidelines, FHA loans open the door for first-time buyers as well as repeat buyers to purchase a home But can you qualify for an FHA loan more than once? The short … Read more