If you need to get a personal loan while unemployed, you may be able to get approved by demonstrating that you can repay the loan — even if you dont have a job. Losing a job can turn your financial life upside down. Without your regular paycheck covering basic expenses like rent utilities and groceries … Read more
You’ve been thinking about buying a home for months—maybe even years. Now that you’re ready, you’re probably wondering how long it will take until you get to pick up the keys. Of course, the time it takes to find a home you love is going to vary, but the average timeline to close a mortgage … Read more
California’s housing market is one of the most expensive in the country As a result, the conforming loan limits here are higher than the national baseline limits set by the Federal Housing Finance Agency (FHFA) In this article, we’ll explain what conforming loan limits are, how they work in California, and what it means for … Read more
Buying a mobile home can be an affordable way to achieve homeownership, especially for first-time homebuyers. With the average price of a new mobile home around $115,000, these factory-built homes are significantly less expensive than site-built houses. However, coming up with even a small down payment can be challenging for some buyers. The good news … Read more
Purchasing a high-priced home often requires getting a jumbo loan. Jumbo loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac, allowing borrowers to finance expensive properties. But unlike conventional loans, jumbo loans have flexible guidelines set by lenders. One key question buyers ask is – do jumbo loans require private mortgage … Read more
San Francisco is one of the most expensive housing markets in the country, with median home prices over $1.5 million. This means jumbo loans, which are loans above conforming loan limits set by Fannie Mae and Freddie Mac, are common for homebuyers in the city. What is a Jumbo Loan? A jumbo loan is a … Read more
Aspiring Alaska homebuyers worried about a low credit score or lack of substantial down payment savings keeping them from purchasing property, should consider an FHA loan. Insured by the Federal Housing Administration (FHA), these mortgages can help those struggling to qualify for a conventional home loan secure funding to buy a home – provided the … Read more
A reverse annuity mortgage (RAM) loan is a unique type of loan that allows elderly homeowners to convert part of their home equity into regular income payments. Unlike a traditional mortgage or home equity loan, no monthly repayments are required with a RAM. Instead the loan accrues interest until it is repaid when the homeowner … Read more
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An FHA construction loan can help you realize your dream of creating your forever home from the ground up, even if you have less-than-perfect credit. As long as you can make a 10% down payment, you may qualify for an FHA construction loan with a credit score as low as 500. Here’s what you need … Read more