The U.S. Small Business Administration (SBA) has helped millions of business owners gain access to affordable business loans. These programs offer a tremendous range of benefits for borrowers, but some may also include an SBA prepayment penalty fee that you should know about before you choose your loan. What is the SBA prepayment penalty and … Read more
#Getting an FHA Loan for a Manufactured Home: Everything You Need To Know Purchasing a manufactured home can be an affordable alternative to a site-built house With today’s modern construction standards, manufactured homes offer many of the same amenities and features as traditional stick-built homes If you’re considering buying a manufactured home, using an FHA … Read more
When house hunting, you may come across listings that use the phrase “cash-only.” This differs from a regular property because a mortgage lender is unlikely to approve financing for such a purchase. The exact reasons for this vary, but cash-only homes are often foreclosed, distressed, abandoned, condemned, or flood-damaged. Sometimes, the property simply has a … Read more
If you’re interested in becoming a mortgage loan officer in Virginia, there is a clear path to follow to get your Virginia MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more
Buying a home is an exciting milestone in life. However, saving up enough for a 20% down payment can be a major hurdle especially for first-time homebuyers. That’s where 10 percent down mortgage loans come in handy. What is a 10 Percent Down Mortgage? A 10 percent down mortgage, also known as a 10 down … Read more
Buying a manufactured home and the land it sits on can be an affordable way to become a homeowner. Unlike traditional site-built homes, manufactured homes are constructed in a factory and then transported to your property. This building method lowers costs, making manufactured homes on average 40% less expensive than site-built homes. But financing the … Read more
Buying a home is one of the most exciting yet daunting undertakings in life. Saving up enough for a down payment is often the biggest hurdle for aspiring homeowners. Conventional wisdom says you need 20% down to buy a house. But that’s not always true. A conventional mortgage with just 5% down can be an … Read more
As a homebuyer exploring mortgage options, I wanted to provide an in-depth and unbiased review of Shield Home Loans. I’ll cover key factors like interest rates, fees, eligibility, and customer service based on research and Shield Home Loans reviews. Overview of Shield Home Loans Shield Home Loans is a direct mortgage lender that provides home … Read more
Your debt to income ratio (DTI) is one of the most important factors lenders look at when you apply for a car loan. It gives them a clear picture of how much debt you currently have compared to your income. Knowing your DTI can help you understand your chances of getting approved and the interest … Read more
Cup loans have emerged as a popular financial product, providing a quick and convenient way for individuals to access small-scale credit But what exactly are cup loans, and how do they work? This comprehensive guide breaks down everything you need to know about these unique loans. What is a Cup Loan? A cup loan, sometimes … Read more