Itching to get out onto the lake? Do you daydream about being alone with a cooler and a fishing pole? Or perhaps you just want to spend lazy days with friends and family out on the water. The idea of spending free time on the water is exciting, but the price tag that comes with … Read more
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. When you take out a mortgage, you’ll sign a stack of legal paperwork to seal the deal. One of these documents will be known as a security instrument — typically either a deed of trust or a … Read more
The FHA loan program offers homebuyers the chance to purchase a home with a low down payment and flexible credit requirements. But can you get more than one FHA loan? The answer isn’t so straightforward. While you can get multiple FHA loans throughout your lifetime, you generally can only have one FHA loan at a … Read more
Nearly 45 million Americans have student debt. Thankfully, its becoming easier for homebuyers to obtain a mortgage with student loans. Recent updates to lending guidelines mean that you could be “hit with” a lower student loan payment when it comes to mortgage qualification. Here’s what lenders are required to count as your student loan monthly … Read more
The Federal Housing Administration’s mortgage insurance program makes homeownership more accessible for many buyers. FHA loans only require a 3.5% down payment and have flexible credit requirements. But can you get more than one FHA loan? While you can qualify for multiple FHA loans over your lifetime, there are restrictions on having more than one … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
Buying a home is an exciting milestone, but coming up with the down payment can be challenging. If you have money saved in an individual retirement account (IRA), you may be tempted to tap into those funds. But is taking out a loan against your IRA a smart move for financing a home purchase? There … Read more
Getting approved for an FHA loan to finance your home can be an intricate process FHA loans allow buyers to purchase a home with a low down payment, but there are specific guidelines and documentation required Having a solid understanding of what to expect can help make the FHA loan process smooth and efficient. In … Read more
Starting a new job can be an exciting time But it can also make getting a home loan more complicated Many lenders want to see two years of steady employment before approving a mortgage. So what can you do if you need to buy a house soon after beginning a new job? As a mortgage … Read more
When a property is in pre-foreclosure, the owner still has a chance to ward off a foreclosure by getting enough money to pay the bank or sell the property to pay off the loan. “A buyer comes in and gets a home at a discount from the full market value without the house ever going … Read more