A foreclosure occurs when a homeowner fails to make their monthly mortgage payments on time, leading the lender to repossess the home. Once in the lenders possession, they usually aim to resell the property at a lower price to quickly recover their investment. For potential buyers, this can offer a compelling opportunity to get more … Read more
Purchasing land and building a custom home from the ground up is an exciting prospect for many homeowners. However, it also comes with a unique set of financing challenges. Traditional mortgages require an existing structure as collateral, so you’ll need an alternative source of financing to cover both the land purchase and construction costs. That’s … Read more
Texas is among the most beautiful states with its white sand beaches, hillsides, hot springs, and towering pine trees. Unsurprisingly, many people rush to own a piece of this paradise. Investing in a second home is the best way for people to hold more of what Texas offers. Whether you want a fun retreat, a … Read more
Buying land and building a custom home from the ground up is an exciting prospect for many prospective homeowners. The ability to design every aspect of your dream house and choose the perfect location is appealing. However, financing the purchase of land and the construction of a new home can be complicated. Understanding the loan … Read more
Know your options before using your home as collateral to get cash Part of the Series Home Equity Loans/HELOC Tapping Your Home Equity As mortgage rates continue to climb, many homeowners are looking for ways to access their home equity without refinancing their existing mortgage. Two popular options are home equity loans and home equity … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. USDA loans help first-time home buyers … Read more
Studies show that almost 35% of service members can’t pay their bills on time. About 27% of them have more than $10,000 in credit card debt. With inflation and the economic fallout of COVID-19, staying out of debt has become an everyday war for military families. There is a proven battle plan, however. Debt consolidation … 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
Hard money loans can seem like an attractive option when you need funding fast for a real estate investment. But before you jump in, it’s important to understand the real costs involved – especially the interest rates. In this comprehensive guide, we’ll break down everything you need to know about hard money loan rates. What … Read more
Is a VA Loan Assumable? An In-Depth Guide for Veterans and Homebuyers If you’re a veteran exploring your home financing options, you may be wondering: is a VA loan assumable? As a fellow veteran and homebuyer, I can tell you the answer is yes! VA loans come with some unique benefits that set them apart … Read more