Even the best prepared among us will deal with the occasional unforeseen expense. A medical emergency, car accident or unplanned travel can make it hard to cover your monthly bills. Fortunately, many lenders offer hardship loans that can provide a financial assist during challenging times. Letâs look at what hardship loans are, the pros and … Read more
Understanding the timeline for a home loan approval (and which factors could delay the process) can help you prepare for the homebuying experience. When you’re ready to buy a home, it seems like your closing day can’t come soon enough. But even after you find a house, make an offer, and get the good news … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
Purchasing land and constructing a home from the ground up can be an exciting endeavor. However, it also requires careful planning and financing. Loans specifically for land and construction projects can provide the funding needed to turn your dream home into a reality. In this comprehensive guide, we’ll explore everything you need to know about … Read more
California residents with lower credit scores or limited down payment savings can still purchase property with the help of an FHA loan. These mortgages, backed by the Federal Housing Administration, limit how much you can borrow depending on where you live. For many single-family homebuyers in California, the FHA loan limit is $498,257, but in … Read more
Facing financial hardship can feel overwhelming. When unexpected expenses arise or income is disrupted, it can be difficult to make ends meet. Fortunately, there are resources in Illinois that can help This article will provide an overview of loans and assistance available to Illinois residents struggling with financial hardship. Understanding Financial Hardship Financial hardship refers … Read more
USDA loans can offer serious benefits for those who use them. With no down payment requirements, low interest rates and looser income requirements than many other loan products, they open the door to homeownership for many Americans who previously had no other options. Even better, utilizing a USDA loan on manufactured and modular housing is … Read more
The cost of living in California can be astronomical, and the real estate market reflects that. You may think your only option is to rent a home with bad credit because qualifying for a home Installment loan is impossible but think again! Residents of California may now have access to two new forgivable loan programs! … Read more
Private mortgage insurance (PMI) is an extra cost that many homebuyers with FHA loans face. While PMI provides protection for the lender if you default it also adds to your monthly mortgage payments. For many borrowers getting rid of PMI can be a top priority. In this complete guide, we’ll cover everything you need to … Read more
While there’s a lot to like about FHA loans, they may not be right for everyone. Before you make a major financial commitment, it’s important to understand the pros and cons of FHA loans. Only then can you truly decide whether it’s right for you. For many prospective homebuyers, coming up with a large down … Read more