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
When something in your mortgage application requires clarification, your lender might ask you for a letter of explanation. Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. After you apply for a mortgage, the lender will evaluate your application and financial documentation to verify that you … Read more
Getting approved for loans or credit cards can be very difficult if you have bad credit or no credit history. Many lenders view applicants with poor credit as high-risk and are hesitant to approve them. One way to build your credit from scratch or improve a low score is by taking out a credit builder … Read more
OneMain Financial is a popular lender that offers personal loans to borrowers with fair credit or bad credit. They have over 1,500 locations across the United States and can provide funds as quickly as the same day you apply. However, OneMain Financial isn’t always the most affordable option. Their loans come with origination fees as … 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