sample letter for loan payoff

Note: Want to skip the guide and go straight to the free templates? No problem – scroll to the bottom. Also note: This is not legal advice. Creating a payoff letter is essential to any loan or mortgage repayment process. It serves as a formal document that records the date and amount of the repayment, … Read more

Bridge Loans vs Hard Money Loans: Key Differences You Should Know

Buying and selling real estate often involves transitional periods that require financing to cover costs between transactions. Two common short-term financing options are bridge loans and hard money loans. While they share some similarities, there are important differences between these loans that borrowers should understand. In this article, we’ll compare bridge loans and hard money … Read more

How Soon Can You Get Another FHA Loan?

The Federal Housing Administration’s (FHA) mortgage insurance program makes it easier for buyers with lower credit scores or limited funds saved for a down payment to qualify for a home loan. FHA loans only require a 3.5% down payment if your credit score is 580 or higher. But if you already have an FHA loan … Read more

Getting a VA Home Loan With Bad Credit: A Complete Guide

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 a mortgage can be difficult for anyone but it … Read more

Understanding Section 8 Housing Loans

Are you on the hunt for a Section 8 Housing Choice Voucher, but don’t know where to start looking? Well, you’ve come to the right place! You may think Section 8 is only a rental assistance program, but the Section 8 Homeownership Program can also help you buy a home and start building equity that … Read more