Buying a house with a VA loan is one of the best options you have as a qualified veteran or current servicemember. Interest rates are low, down payments are usually optional, and the application process is easier to navigate. However, just qualifying for the loan isn’t the only thing you need to worry about. The … Read more
The United States Department of Agriculture (USDA) offers an attractive construction loan program for eligible homebuyers in rural areas of Colorado. This unique one-time close loan combines three major steps of the homebuying process – purchasing land, financing construction, and obtaining a traditional mortgage – into one simplified loan product. While most conventional lenders require … Read more
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Auto loan consolidation involves taking out a new loan and using it to pay off two or more car loans. You can also consolidate auto loans with other types of loans. Instead of juggling multiple payments, consolidation means you’ll only need to make one monthly payment. In some situations, you may even be able to … Read more
Most preapprovals are good for 90 days, but some lenders issue 60-day and 30-day limits. Best practice is to get preapproved for a mortgage just before you begin serious house hunting. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com. When a lender issues a mortgage preapproval letter, the … Read more
Buying a home is an exciting time, but qualifying for a mortgage can be stressful Many buyers assume they need a 20% down payment. In reality, there are low down payment options like 95% LTV jumbo loans While jumbos have stricter requirements, a low down payment jumbo loan makes luxury homes more accessible. This guide … Read more
Whether a major renovation or a remodel, starting a home project can be a huge undertaking. But finding the right financing option can help make the process run more smoothly and hopefully minimize the financial burden. Homeowners today have a number of financing options available, but two popular options are home equity loans and home … Read more
These days, it’s common for used cars to cost more than $25,000, so you’ll probably need to finance your purchase before you can jump into your next ride. Still, you might be wondering if it’s better to use an auto loan or a personal loan for your car purchase. Generally, auto loans are the best … Read more
For many prospective homeowners, traditional brick-and-mortar homes may seem out of reach due to escalating prices and low housing inventory. However, an alternative form of housing is rapidly gaining popularity: manufactured and mobile homes. Fortunately, Veterans can use their VA loan benefit to purchase a manufactured home. Below well guide you through securing a VA … Read more
This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments — along with providing a monthly amortization schedule. This calculator automatically figures the balloon payment based on the entered loan amortization period. If you instead want to calculate for a known ending balloon payment, please use … Read more