If you need money and have paid off a decent chunk of your mortgage, a home equity loan can be a tempting option. These loans generally carry lower interest rates than other consumer loans, because they are secured by real estate. Taking out a home equity loan or home equity line of credit (HELOC) can … Read more
Buying a home is likely one of the biggest financial decisions you’ll make in your life. With so many mortgage options out there, it can be tricky to determine which type of loan is right for your situation. Conventional loans are a popular choice for many homebuyers. Keep reading to learn all about the numerous … Read more
Trusts can be very useful tools for people to protect their wealth for their heirs’ use. However, they can also be complex, especially since there are several types of trusts. As a trust lawyer from a firm like W.B. Moore Law can explain, it’s sometimes possible to take out loans from a trust for a … Read more
Manufactured homes formerly known as mobile homes provide a more affordable way for many people to achieve homeownership. With site-built home prices rising, factory-built manufactured housing presents an appealing option. However, securing financing for a manufactured home through a mortgage lender can be tricky. Not all banks and lenders provide loans for these types of … Read more
Having outstanding debt can be stressful enough without loan companies contacting your employer Many borrowers wonder – can a loan company legally call my employer about my debt? The short answer is generally no, unless you’ve given them permission. The Fair Debt Collection Practices Act (FDCPA) provides federal guidelines on what lenders and debt collectors … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Veterans and service members may have whats considered “poor” or “bad” credit and wonder if they can still use their VA home loan benefit. It’s important to understand the VA doesnt set credit score requirements. In fact, the VA doesnt mandate a minimum credit score at all. The ability to obtain a VA loan with … Read more
Getting approved for a loan can be difficult, especially if you have bad credit or no credit history. Many lenders require a hard credit check, which can negatively impact your credit score. That’s why some people look for “no credit check” loans when they need cash quickly. But are loans without a credit check legit? … Read more
As a Veteran exploring your home financing options, you may have heard about VA assumable loans. These unique loans allow a buyer to take over the mortgage of a current VA homeowner. Assuming a VA loan can be an excellent way for buyers to get into a home with a low interest rate And it … Read more
Buying land and building a custom home can be an exciting and rewarding process But securing financing requires working with mortgage lenders experienced with construction loans. FHA one-time close construction loans allow you to wrap up building costs, land purchase, and the permanent mortgage into a single loan with one closing But not all lenders … Read more