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. Scrolling through glossy online listings might … Read more
Taking over an existing mortgage loan through a process called loan assumption can be a great way for creditworthy borrowers to buy a home with little or no down payment. Wells Fargo, one of the largest mortgage lenders in the U.S., does permit assumptions on some of its loans. Here’s what you need to know … Read more
Notary Signing Agents (NSAs) facilitate loan closings for the mortgage finance industry. Before starting the NSA certification process, you must be commissioned as a Notary Public. Please be aware that opportunities to conduct loan signings may be limited or restricted in 18 states. In today’s digital world, more aspects of the real estate transaction process … Read more
The assumable VA loan is an intriguing option that not enough homebuyers know about. VA loans have long been assumable, meaning qualified buyers can take over the mortgage of a current VA homeowner. With mortgage rates rising in 2022, assumption opportunities can really pay off. You essentially inherit the low rate on an existing VA … Read more
The United States Department of Agriculture (USDA) provides special mortgage financing to promote homeownership in small towns and rural areas. These government-backed loans have excellent benefits, but you must meet income eligibility requirements based on where you want to buy. Overview of Income Restrictions for USDA Loans To qualify for USDA rural housing loans, your … Read more
What is the Financial Hardship Department scam? What do you do if you receive a scam email or call? Read more. Gaetano DiNardi is a growth advisor to software companies like Docebo, Cognism, and Workvivo. As the former head of organic growth at Aura, Gaetano helped launch the companys SEO program. He has also written … Read more
The student loan interest deduction can save borrowers hundreds of dollars on their taxes each year. However, there are income limits that can reduce or eliminate your ability to claim the deduction. This “phase out” of the deduction starts at a certain income level and eliminates eligibility completely at a higher income level. Fortunately you … Read more
VA loans have a unique feature that sets them apart from conventional mortgages – they are assumable. This means that under certain conditions, a buyer can take over the seller’s existing VA loan. Assumability opens up opportunities both for buyers and sellers. For buyers, it provides a chance to skip mortgage qualifying and lock in … Read more
Investment property loan to value (LTV) ratio is an important concept for real estate investors to understand. The LTV ratio compares the amount of a loan to the appraised value of the property being purchased. It is one of the key factors lenders consider when approving financing for an investment property purchase. In this comprehensive … Read more
Getting an FHA loan can be a great way for many folks to finally achieve their dream of homeownership. With lenient credit requirements and low down payments, FHA loans open the door to buying a home even if your finances aren’t perfect. But what if you’ve already used an FHA loan in the past – … Read more