Building your new home becomes simple with the right lender. Avoid challenging expenses and timelines by securing financing that will make building a home achievable and affordable. A Fannie Mae single close construction loan puts building a single-family home within your reach, offering down payment options and simplified financing. Purchase land or build on property … Read more
You’re here because you want to know definitively: “Can you purchase land with a VA loan?“ The short answer is “YES,” you can use a VA loan to purchase land, but there are some important conditions and limitations to be aware of, which we’ll cover in this blog post. The VA allows veterans to use … Read more
If you’re a service member or a veteran who wants to build your own home, a VA-backed loan could be the best way to go. With a VA Purchase Loan, which is a benefit of your service, you can get financing to purchase land and to build your own home, all wrapped into one mortgage. … Read more
It’s not always easy to qualify for a personal loan. Fortunately, though, there are plenty of other ways to find the funding you need. With that in mind, here are seven personal loan alternatives to consider next time you’re looking to borrow money. Read them over to find the financing option that best suits your … Read more
Purchasing an Airbnb property can be a great investment, allowing you to earn income through short-term rentals. However, coming up with a down payment on a mortgage can be challenging. The good news is that there are options for financing an Airbnb property with no down payment. In this article, we’ll explore strategies investors can … Read more
Buying your first home is an exciting milestone, but it also involves making some big financial decisions. Two popular options for first-time homebuyers are USDA loans and FHA loans. They both offer low down payments and flexible credit requirements. However there are some key differences when it comes to eligibility costs, and long-term affordability. One … Read more
While there’s a lot to like about FHA loans, they may not be right for everyone. Before you make a major financial commitment, it’s important to understand the pros and cons of FHA loans. Only then can you truly decide whether it’s right for you. An FHA loan can open the door to homeownership for … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
Having equity in your home opens up financial opportunities You can leverage your equity through a home equity loan or second mortgage when you need access to funds But is there really a difference between the two? I’ll compare home equity loans and second mortgages in detail so you can determine if either option makes … Read more
FHA loans are designed to make homeownership more attainable for low- and moderate-income earners. Because of this, it is typically not for use on investment properties, vacation homes or second home purchases. In most cases, the FHA requires borrowers use the property they’re purchasing as their primary residence. The FHA typically requires borrowers to occupy … Read more