Commercial real estate financing can be complex, with many factors impacting loan rates and terms. For property investors and business owners, it’s critical to understand current market conditions when seeking capital for acquisitions, renovations or refinancing. One of the most common loan terms for commercial real estate is the 10-year fixed rate mortgage. This article … Read more
At some point, you might find yourself looking to get a loan. In general, a personal loan is more flexible, in that it can be used for a variety of purposes, while a mortgage is used solely to buy real estate. Loans and mortgages are common financial tools that many people utilize, but what exactly … Read more
Foreclosures often allow buyers to purchase a home under its current market value. Since lenders and banks don’t want to hold onto foreclosed properties, they’re typically motivated to sell, giving buyers more bargaining power. Of course, foreclosed homes may need repairs because they’re often sold as-is. However, it might be well worth it to save … 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
A 40-year mortgage is like a traditional 15- or 30-year mortgage, but it offers an extended repayment term. Having ten more years to pay off a loan can give you lower monthly payments, but in the long term you’ll pay far more interest. 40-year mortgages can be a more affordable way to purchase a home … Read more
Getting an interest only construction loan to build or renovate your dream home can be an exciting yet daunting process. Using an interest only construction loan calculator is a great way to estimate your potential loan payments during the construction phase as well as your payments once the loan converts to a traditional mortgage. This … Read more
Making sure their children grow up in a safe and healthy environment is a priority for many people â including single parents. If youâre a single parent looking to buy a home for your family, considerations like finding the best home loan option are well worth your time and attention. While there are no âsingle … Read more
A negative bank account is a red flag for lenders, and many will reject your application for a cash advance or loan. The key to a successful financial future is to avoid an overdrawn checking account. If you miscalculate or make a mistake, finding ways to bring your account positive quickly is critical. A title … Read more
Getting a mortgage can be challenging when you have existing student loan debt. Many homebuyers wonder if lenders will approve them for a home loan when they already have monthly student loan payments. The good news is, you can get a mortgage even if you have student loans However, your student loan debt will impact … Read more
In spite of having sufficient income to afford a monthly mortgage payment, some would-be buyers defer a home purchase because they lack funds for a down payment. They assume a mortgage isn’t viable at the present time, but this thinking isn’t necessarily true. If you don’t qualify for a zero-down mortgage (ex. VA or USDA), … Read more