Demystifying the Margin on Adjustable Rate Mortgages

[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

Get Affordable Rural Home Loans in Illinois with USDA

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

Everything You Need To Know About FHA Loans For Manufactured Homes

If you’re looking for an alternative to a traditional, site-built home, you may want to consider financing a mobile home through the FHA manufactured home loan program. Sometimes called an FHA loan for a mobile home, this government-backed mortgage option allows borrowers with imperfect credit to purchase an affordable home. Manufactured homes also known as … Read more

How to Fill Out a USDA Loan Application Step-by-Step

The USDA loan program helps low- and middle-income consumers become homeowners in communities across the country. These government-backed loans allow qualified buyers to purchase with $0 down. They also feature competitive interest rates and low mortgage insurance costs. The United States Department of Agriculture (USDA) offers various loan programs to help people buy, repair or … Read more

Commercial Real Estate Loans for Veterans: A Complete Guide

Veterans and active-duty service members have earned significant benefits, including options for home loans However, many veterans are interested in commercial real estate loans to start or expand a small business. I want to provide a complete guide to commercial real estate loans tailored for veterans and military members Overview of Veteran Business Ownership Veterans … Read more

Can You Get a Loan to Build a Barndominium?

Do you dream of moving to a peaceful, rural setting in the countryside, far away from the hustle and bustle of the city? Perhaps you relish the idea of owning a couple horses, goats, or chickens, or having your own workshop where you can focus on your personal hobbies. If so, then a barndominium could … Read more