Having a low income and bad credit can make getting approved for a loan difficult, but not impossible With the right strategy, those with limited incomes and poor credit scores can still access the financing they need As an expert in personal finance, I want to provide a complete guide on securing loans when you … Read more
Getting a mortgage to buy a home is an exciting milestone in life, But the requirement to pay private mortgage insurance (PMI) or mortgage insurance premiums (MIP) on loans with less than 20% down can put a damper on your homeownership joy This is especially true for borrowers with FHA loans, which have more rigid … Read more
Are you a veteran or service member who used a VA loan to purchase your home? If so, you may be curious about how the VA mortgage will affect your home-selling process. Don’t worry, as it is not that much different from any other type of real estate transaction. To help answer all your questions … Read more
Personal loans are not typically used to pay for a house. However, there may be some exceptions in certain situations where its not only possible, but it may be a better option than a mortgage loan. Buying a home is likely the biggest purchase you’ll ever make. Most people finance a home purchase with a … Read more
If you’re interested in becoming a mortgage loan officer in California, there is a clear path to follow to get your California MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting approved for a mortgage can be difficult if you … Read more
Since the national housing crisis of 2007, which resulted from relaxed mortgage lending standards, mortgage lenders have been raising their lending standards and making it difficult for investors to obtain a mortgage. Nowadays, potential investors looking to receive funding for their next investment should be prepared to dive deeply into their savings, earnings, and debt-to-income … Read more
The Ins and Outs of Cuyahoga County’s Help Loans If you’re a homeowner in Cuyahoga County struggling to make repairs or improvements to your home, help loans may be the solution you need. I wanted to provide an in-depth look at these county-sponsored loans – who qualifies how they work, and how to apply. As … Read more
It’s possible to get personal loans without income verification, but it may not be a good idea If you aren’t working, were recently laid off, or recently started working for yourself, and thus have no way to verify your income, securing a personal loan may be difficult. Some of the best bad credit loans don’t … Read more
Finding the right loan can feel overwhelming. With so many options out there, how do you know which lender is the best fit? That’s where services like Quicken Compare come in. They take your financial situation into account and match you with lenders that make sense. But are they really all they claim to be? … Read more