Have you ever heard of jumbo loans and scratched your head, thinking what could be so ‘jumbo’ about a loan? Well, my friend, you’re not alone. Often tossed around in financial circles, the term “jumbo loan” can seem pretty daunting, especially if you’re not entirely sure what it means. But don’t worry – that’s what … Read more
VA loans offer great benefits like no down payment and flexible credit requirements for eligible borrowers. This makes them ideal for military members who move frequently. With a VA loan you can buy multiple homes over your lifetime. But can you use a VA loan to buy a second home while still owning your first? … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
As the leader in rural lending, we understand what it means to find a piece of land that’s perfect for your future construction plans. Let us help get you Closer to What Matters® with helpful guidance and insights from our team of rural lending experts. If you’re looking to build your dream home in a … Read more
Kitchen remodels are one of the most popular home improvement projects. A renovated kitchen can significantly increase your home’s value and make the space more functional and aesthetically pleasing. However, kitchen remodels also tend to be very expensive, with the average cost ranging from $10,000 to $35,000. As a result, many homeowners turn to loans … Read more
Getting a mortgage is one of the most important financial decisions you can make. Choosing the right loan term is crucial to ensuring you get the best rate and most affordable monthly payments While 30-year mortgages are the most common, 40-year mortgages are growing in popularity Read on to learn all about 40 year loan … Read more
Personal loans and lines of credit are common options when you need to borrow money But is a personal loan considered installment or revolving credit? The answer lies in how these two debt products work I’ll explain the key differences between installment loans like personal loans and revolving credit like credit cards and lines of … Read more
Calculate your new construction loan or refinance options below. Input your details and hit Calculate to view your loan terms and an interactive graph. Additionally, explore the detailed payment schedule in the table below, and download the data as an Excel or CSV file for your records. Step 1: Select your loan type (Purchase or … Read more
Are you considering buying a foreclosed home? Wondering if it’s possible with an FHA loan? If so, you’re in the right place! Buying a foreclosed home can be financially beneficial because it may allow you to purchase a home at a lower price. Additionally, if you buy a home that needs work and then rehabilitate … Read more
Given the expense of cars, especially brand new models, it’s often necessary to get a car loan to cover the costs. Here, we’ll discuss how these loans work. Rocket Mortgage, one of the largest mortgage lenders in America, is best known for its online mortgage services. But you may be wondering – does Rocket Mortgage … Read more