Getting a housing loan can be difficult if you don’t have stable income or lack the necessary documents to verify your income. However it is still possible to get approved for a mortgage without income proof through no-doc or low-doc loan programs. What is a No-Doc Mortgage? A no-doc mortgage, also known as a no-income … Read more
Are you considering buying a foreclosed home? Wondering if it’s possible with an FHA loan? If so, you’re in the right place! Buying a foreclosed home can be financially beneficial because it may allow you to purchase a home at a lower price. Additionally, if you buy a home that needs work and then rehabilitate … Read more
The CFPB recently updated the TRID rule FAQs to address questions about providing a Loan Estimate to consumers. The FAQs mostly confirm guidance previously provided by the CFPB in various forms. The FAQs focus on the obligation of a creditor to issue a Loan Estimate once the consumer submits the six items of information specified … Read more
If you want to invest in real estate, a bridge loan can be a great source of financing for you. A bridge loan is a kind of short-term loan that can have a term of anywhere from two weeks to three years. However, the majority of bridge loans last for six months to 12 months. … Read more
The auto lending and the SCRA landscape in the United States is characterized by many millions of borrowers, with almost 44 percent of Americans taking out auto loans. The additional fact that interest rates are higher for used cars, long-term loans, and those with low credit scores adds to the complexity. This creates a challenging … Read more
Need cash fast? Loans of Florida LLC has been providing quick cash loans to residents of Florida since 2006 As a locally owned and operated company, we understand the financial needs of our community Our easy loan process, competitive rates, and great customer service have made us a top choice for fast cash loans. About … Read more
Life doesn’t always happen Monday through Friday, 9 to 5. Emergencies and expenses can pop up any day of the week, even on weekends. When you need cash fast on a Saturday or Sunday, it’s frustrating to find banks and traditional lenders closed until Monday. Luckily, there are more options now than ever before for … Read more
A Notary Signing Agent is a Notary who has been trained to handle loan documents. Lenders and title companies hire Signing Agents as independent contractors to assist in the last step of the loan process. Notaries public and loan signing agents both play important roles in handling legal documents, but they serve different purposes. As … Read more
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.15.1″ custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.15.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.15″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”content” module_class=”glossarycontent” _builder_version=”4.15.1″ _module_preset=”default” locked=”off” global_colors_info=”{}”] The interest of adjustable-rate mortgages (ARM) are tied to the index and margin. The index is a reference point for the interest rate and will vary based on the … Read more
Buying a home is an exciting milestone, but it can also be challenging, especially when trying to find an affordable mortgage For rural homebuyers in Illinois, the USDA Rural Development office provides an excellent home loan option to consider. An Overview of USDA Home Loans in Illinois The USDA Single Family Housing Direct Home Loan … Read more