Buying a home is likely one of the biggest financial decisions you’ll make in your life. And when applying for a mortgage it’s crucial to understand all the costs involved so you can budget appropriately. One popular mortgage option for rural homebuyers is a USDA loan. But how exactly does the USDA loan mortgage calculator … Read more
Buying land to build your dream home can be an exciting prospect. Having a blank canvas to create your perfect living space is appealing to many prospective homeowners. However, land itself can be quite expensive, especially once you factor in the cost to build. This is where a conventional land loan can help make your … Read more
A fixer-upper loan may be a good option to buy a house that needs some TLC and pay for the repairs needed to turn it into your dream home. These loans are designed to give you the money you need to buy and renovate the home at the same time. Understanding how the different fixer-upper … Read more
Single moms have a tough job, and many Americans are taking on this responsibility. According to the U.S. Census Bureau, 80% of single-parent households were headed by mothers. Raising a family alone and on one income is challenging. When unexpected expenses pop up, that financial situation can be a disaster. Loans for single mothers are … Read more
Buying a home is an exciting moment in every person’s life, but applying for a mortgage can feel daunting when you don’t know what to expect. Whether you’re seeking a mortgage from a bank, credit union, or other financial institution, all lenders will want to ensure you meet some essential qualifying criteria before they approve … Read more
Is a Loan Modification a Good Idea for Struggling Homeowners? Falling behind on your mortgage payments can be scary. You may be worried about losing your home to foreclosure. But you have options to avoid this worst-case scenario. A loan modification could help you get your finances back on track. A loan modification is when … Read more
Officially known as the Section 502 Single Family Housing Guaranteed Loan Program, the USDA loan is a $0 down mortgage option available to rural and suburban homebuyers in the United States. USDA loans are issued by qualified lenders and guaranteed by the U.S. Department of Agriculture (USDA). The purpose of a USDA loan is to … Read more
Purchasing unimproved or vacant land can be an exciting investment, but financing it requires some extra planning. An unimproved land loan calculator is an essential tool to estimate your loan terms and monthly payments. This comprehensive guide will cover how these specialized land loan calculators work and provide key tips for getting the best financing. … Read more
A mortgage cosigner takes on the responsibility of ensuring a mortgage loan is paid. Some borrowers need help from a more financially secure cosigner in order to qualify for a mortgage, and those who help out should understand exactly what theyre getting into. A cosigner can be anyone who promises to take on the responsibilities … Read more
The most common type of loan homebuyers turn to when they’re looking for a mortgage is an FHA loan. But these loans aren’t right for everyone and there are some things you should know before you apply. In this article, we will discuss what FHA loans are, how they can affect your purchase, and what … Read more