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
Purchasing a duplex with an FHA loan can be a great way for first-time homebuyers to get into real estate investing. The low down payment and flexible credit requirements of FHA financing make it feasible for many buyers. If you plan to live in one unit and rent the other, you can qualify for a … 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
Looking for a car loan? Learn more about debt-to-income ratio and how it might affect getting a vehicle loan with this blog post from TDECU. When you start shopping for a new car, you may envision yourself driving a big, shiny, new vehicle loaded with all the latest features. Before you make a list of … Read more
The USDA Rural Development (RD) loan program offers many benefits for eligible homebuyers in Arkansas. Also known as the Section 502 program RD loans require no down payment and offer competitive interest rates. However there are requirements borrowers must meet to qualify. In this article, we’ll break down key RD loan eligibility and underwriting requirements … Read more
USDA loans include occupancy requirements that specify how USDA-financed homes can be used and by whom. The most important USDA occupancy requirement is the primary residency requirement, which says the home must be used as your primary place of living — not a second home, vacation house, or income-earning property. Individual scenarios can make determining … 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