If you’re looking to buy a plot of land, you probably have some exciting plans for it. Less exciting is figuring out how to finance the land. Borrowers often turn to land loans to purchase property; however, using a personal loan to buy land provides an alternative with some benefits. Personal loans can be easier … Read more
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If you are looking to learn about VA loan inspection requirements, you won’t find any. Truth be told, the VA loan system does not require home inspections before deciding whether you are eligible or not. They do, however, require appraisals, but that is a different kettle of fish. We will explain that later. What’s important … Read more
Federal Housing Administration (FHA) mortgage loans, which are government backed, have more lenient qualification requirements than conventional loans. However, theyâre not used to fund the purchase of an investment property, with an exception. If youâre willing to commit to treating one unit of a multi-unit investment property as your primary residence for at least a … Read more
Finding a home with an assumable mortgage can feel like searching for a golden ticket. As a buyer, you get the chance to take over the seller’s existing low mortgage rate, saving potentially hundreds of dollars per month. But tracking down these uncommon loans takes diligence and know-how. I should know. As a real estate … Read more
Im a multigenerational homesteader, former high school and college agriculture teacher, and your guide for embracing a simpler, more traditional lifestyle. Come along as I teach you how to grow your best garden, raise chickens and other livestock, learn traditional skills and create the homesteading haven of your dreams. Let us help you plan out … Read more
Loan originators must be individually licensed and the mortgage company must sponsor the license. Companies that want to offer mortgage loans in Oregon must obtain a license through the division. All new mortgage loan originators must apply for a license through the Nationwide Mortgage Licensing System (NMLS). The NMLS website has instructions on how to … Read more
An FHA loan, a mortgage insured by the Federal Housing Administration, is a popular choice for many home buyers because of its low down payment and modest credit score requirements. If you want to buy a condo and benefit from the low down payment that comes with an FHA loan, youâll need to either buy … Read more
A home equity loan and a mortgage may sound similar, but they are quite different financing options for homeowners. Understanding how they differ is important when deciding which type of loan is right for your needs. What is a Mortgage? A mortgage is a loan used to purchase or refinance real estate, like a house … Read more
If you’re struggling to make your monthly loan payments, modifying the terms of your loan agreement can provide some relief. Loan modifications make the repayment terms more manageable by lowering payments interest rates or extending the repayment period. In this comprehensive guide. we’ll break down everything you need to know about loan modification agreements including … Read more