Buying a house is exciting, but it can be a stressful time, too. Concerns like can I really afford the mortgage, do I want the responsibilities of home ownership, or what if I can’t afford closing costs are all common. Closing costs can be an especially daunting expense when buying or refinancing a home. That’s … Read more
Boat loan terms can be as short as five years, but, typically, they are between 10 to 20 years. The exact length of a boat loan depends on a number of factors including the loan amount, the age of the boat, and the type of boat. Learn more about how to determine the right boat … Read more
Buying or building a home is an exciting milestone in life For many Americans, homeownership signifies independence, family growth, and financial stability. However, the dream of owning your own home can feel out of reach due to the high costs involved This is where USDA loans come in. USDA loans are mortgage loans backed by … Read more
Rolling Closing Costs into Your Mortgage Loan – The Pros and Cons If you’re in the process of buying a home or refinancing your mortgage, you’ll soon be facing the closing costs – all those fees charged by lenders, appraisers, title companies, and more. Closing costs often run 3-5% of the total loan amount. So … Read more
Starting and running an Airbnb business can be an exciting and lucrative venture. However, it does require some upfront investment to get your rental property ready for guests. For many entrepreneurs securing financing to launch their Airbnb is one of the biggest challenges. If you’re having trouble getting approved for a traditional bank loan an … Read more
Investing in hard money loans can provide good returns for a real estate investor, and there are a variety of ways to tap into the hard money lending arena. Hard money lenders like New Silver offer Funds which allows investors to do just this. New Silver’s Income Fund allows investors to earn 14-17% total target … Read more
FHA loans can help you get a mortgage despite poor credit and minimal savings. To get an FHA loan, check to see if you’re eligible, compare FHA-approved lenders and complete a loan application. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com. If youre concerned that bad credit or … Read more
FHA and VA loans are both popular choices for homebuyers, but which one is right for you? It all comes down to your unique financial circumstances. Each mortgage type has benefits and features unique to the program. FHA loans, insured by the Federal Housing Administration, are accessible to the general public. In contrast, VA loans … Read more
If you are a prospective homebuyer exploring different mortgage options you may be weighing the pros and cons of USDA loans versus VA loans. Both loan types offer unique benefits tailored to certain borrowers and determining which one better suits your needs depends on fully understanding the eligibility requirements and key differences between the two. … Read more
According to a report from the National Association of Realtors, nearly a third of all houses sold in Texas in 2022 were to investors. Due to historically low interest rates leading up to 2022, this statistic should not be surprising. Investors wanting to generate passive income or profit from flipping a fixer-upper sought out Investment … Read more