In todays economic environment where millions of Americans find themselves dealing with inflation and rising interest rates, it can be difficult to find valuable credit sources. Credit cards and personal loans are two traditional options, but both come with prohibitive interest rates that could offset any help they provide. Fortunately, homeowners have a low-interest alternative … Read more
Starting a new job is an exciting time. But it can also be stressful especially when it comes to your finances. Many expenses pop up when you start working somewhere new, like moving costs new work clothes, transportation, and childcare. On top of that, you likely won’t get your first paycheck for at least two … Read more
Are you struggling to afford a home in South Carolina? Before you give up the search, consider looking into an FHA-insured loan. Loans backed by the Federal Housing Administration (FHA) can be a huge help to buyers with limited income or savings. For a single-family home in South Carolina, you can potentially qualify for an … Read more
Before we answer the question of “is a non-recourse loan taxable?” it will be helpful to go over quickly what a non-recourse loan is. A non-recourse loan is a type of loan where you put up collateral to get a loan, and if you default on the loan, the lender can seize the collateral and … Read more
If you’re looking to generate some extra income with a rental home or buy a fixer-upper to flip for a profit, an investment property loan may be in your future. However, investment property mortgage rates are typically higher than what you pay for a primary residence, and you’ll need to meet stricter qualifying requirements. Knowing … Read more
Buying a home can be an exciting yet stressful process. Deciding if you want to purchase an existing home or build a new one brings its own set of challenges. New construction allows you the flexibility to design your perfect home from the ground up. However, the traditional construction loan process requires two separate closings … Read more
Receiving notice that your loan application has been approved can be an exciting moment As a lender, you want to ensure your loan approval letters convey this positive news in a professional, clear manner In this comprehensive guide, we’ll explain everything you need to know to craft effective loan approval letters, including: What to include … Read more
A home improvement loan can be a terrific way to spruce up your home, but it might feel challenging to find one that doesn’t require home equity. We searched for solid home improvement loans you can take out with little to no equity. The rates on these loans might be higher than those on secured … 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 Los Angeles mortgage rates to help you perform your calculations and find a local lender. … Read more
A term loan is a common financing method used by investors and businesses to purchase real estate. With a term loan, the borrower receives a lump sum of cash upfront and pays it back over a set period of time through fixed monthly or quarterly payments. Term loans offer many benefits for real estate investors … Read more