If a criminal steals your identity, they can get loans on cars, homes, and businesses in your name. Hereâs how to stop loan fraud from happening to you. Jory MacKay is a writer and award-winning editor with over a decade of experience for online and print publications. He has a bachelors degree in journalism from … 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. Buying your first home is an exciting milestone, but it … Read more
Purchasing land to build a home or start a business can be an exciting prospect. However, land purchases require specialized financing known as land loans, which have higher interest rates than traditional mortgages. In this comprehensive guide, we’ll break down everything you need to know about current average land loan rates and how they work. … 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. Getting an FHA loan can be a great option for … Read more
Many homebuyers looking to finance their dream home find themselves confused by mortgage terminology like “conforming loans” and “conventional loans”. With overlapping definitions, it’s easy to assume these terms can be used interchangeably. However, there are some key differences between conforming and conventional loans that buyers should understand before applying for financing. Conventional Loans: The … Read more
Do you know your debt-to-income ratio? Learn more about your DTI ratio, from how it works to how you can use it to your advantage in your next purchase. Between credit scores, interest rate percentages, and auto loan term lengths, buying a car incorporates several types of numerical amounts. The term “debt-to-income ratio” represents another … Read more
Please use the links below to navigate and search different options or industries. You may also contact us at (866) 275-2677 for assistance. If you’re in the process of getting a mortgage one of the most important decisions is choosing the right loan officer. This is the person who will guide you through the entire … Read more
If you want to remove a name from a mortgage, it’s important to know that divorcing someone or taking them off the title doesn’t automatically mean that they aren’t liable anymore. (The same goes for cosigners and co-borrowers.) Learn the difference between getting someone’s name off of a mortgage and removing their ownership rights, and … Read more
The USDA 33-year mortgage loan is an attractive option for many homebuyers, especially first-time buyers. With a lower monthly payment and relaxed lending guidelines, it can help those with limited funds buy a home sooner. But this unique loan product also comes with specific requirements and limitations. Use this comprehensive guide to fully understand how … Read more
As older adults and their families explore senior living options, financial considerations play a crucial role in the decision-making process. The cost of care can add up, and families may wonder how to afford it all. Luckily, there are different types of loans available: Bridge loans, home equity loans, reverse mortgages, and personal loans can … Read more