Paying off a loan with a credit card will depend on the lender and the type of loan. If your lender allows it and you are given enough of a credit limit, you may be able to pay a portion of your entire balance of your home, car or student loans with a credit card. … Read more
California’s real estate market is known for its high home prices, especially in major metropolitan areas like San Francisco and Los Angeles. This means mortgage loan limits play an important role for homebuyers in the state. What Are Conforming Loan Limits? Conforming loan limits are maximum loan amounts for mortgages backed by Fannie Mae and … Read more
If you’re interested in becoming a mortgage loan officer in Florida, there is a clear path to follow to get your Florida MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more
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Investing in real estate can be an excellent way to build long-term wealth. However, coming up with the down payment for a property can be a major obstacle for many investors. Non recourse loans allow real estate investors to leverage property without putting their personal assets at risk. If the investment fails to generate enough … Read more
Purchasing a fixer upper can be a great way to get into homeownership when housing prices are high. These homes typically sell for below market value since repairs and renovations are needed. However, financing a fixer upper takes some extra planning compared to buying a move-in ready house. You’ll need a special type of loan … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Purchasing a home is an exciting milestone. But having less-than-ideal … Read more
Buying a home is an exciting milestone in life! But for first-time homebuyers, the mortgage process can seem complicated and intimidating. This step-by-step guide breaks down the typical mortgage timeline into easy-to-understand steps so you know what to expect. Preapproval Stage The first step toward homeownership is getting preapproved for a mortgage loan Preapproval typically … Read more
There are many uses for a personal loan â including purchasing land. How you go about using a personal loan to buy land and whether itâs the right option for you may require you to get more familiar with this type of loan and the benefits and drawbacks of using it in this way. Buying … Read more
Chattel loans for mobile homes allow buyers to finance a mobile or manufactured home and the land it sits on through a single loan. These loans are a great option for those looking to purchase a mobile home without having to take out separate loans for the home and land. In this comprehensive guide, we’ll … Read more