Buying a home is an exciting milestone, but saving up for the down payment can be a major challenge, especially for first-time homebuyers. This is where a gift of equity can make all the difference in turning your dream into reality. What is a Gift of Equity? A gift of equity refers to when the … Read more
Mortgage loan originators play a critical role in the home buying process As a mortgage professional, your job duties directly impact whether a borrower can achieve the dream of homeownership. This article will provide a comprehensive look at what mortgage loan originators do on a day-to-day basis. What is a Mortgage Loan Originator? A mortgage … Read more
Nobody disputes that spouses should make major financial decisions — such as purchasing a car or refinancing an auto loan — together. A more complicated question is whether spouses should be on a car loan as cosigners. Although having a spouse cosign on your car loan might make sense in some instances, it can be … Read more
If you’re a veteran considering applying for a VA loan one key thing you’ll need to know about is the VA loan inspection requirements. VA loans come with certain standards that properties must meet in order to qualify for financing. Understanding these requirements ahead of time will help ensure a smooth loan process. In this … Read more
You don’t need to have a job to qualify for a personal loan. But you will generally need to have some proof of income. Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, … Read more
But why would someone choose a hard money loan over a conventional one? What are the prerequisites for a hard money loan? When buying a new house, many Americans use typical bank loans. However, traditional bank loans are more challenging to get than hard loans. The number of property flips in America is significant. For … Read more
As a mortgage loan originator (MLO), your job is to educate and guide borrowers through the loan process from application to closing. A loan officer career is a fulfilling way to earn a living and help others at the same time. An MLO spends much of his/her time in the field, communicating by email and … Read more
Running your own business can be a rewarding experience. But when it comes to VA home loans, it can make the approval process a little bit tricky. But that doesn’t mean it’s impossible. Eligible self-employed veterans are able to obtain VA home loans all the time. There’s just a little bit more work involved since … Read more
If you’re in the market for a new or used car, truck, or SUV, you’ll likely need to finance the purchase with an auto loan. Rocket Mortgage offers competitive auto loan rates to help make buying your next vehicle more affordable. In this article, we’ll break down everything you need to know about Rocket Mortgage … Read more
A jumbo VA loan allows eligible borrowers to get a mortgage above the conforming loan limit while still enjoying many of the benefits of a standard VA loan. Jumbo loans are popular in high cost areas where home prices are above the conforming limits. With a jumbo VA loan buyers can purchase more expensive homes … Read more