When considering taking out a loan of any kind, itâs important to understand the repayment model. Otherwise, youâll be flying blind into an expensive financial commitment. One common repayment structure is a fully amortized loan. Getting a loan can be an intimidating process, especially when you start hearing unfamiliar terms like “fully amortized.” But understanding … Read more
Few things are as frightening as the possibility of losing your home. Our homes are often an extension of ourselves and hold just as much of a personal investment as a financial one. If you are at risk of losing your house, you are likely willing to do whatever it takes to avoid foreclosure. In … Read more
The FHA loan program helps make homeownership accessible for many borrowers by offering low down payments and flexible credit requirements But can you get more than one FHA loan? The answer is yes, you can have multiple FHA loans throughout your lifetime if certain conditions are met In this comprehensive guide, we will cover: The … Read more
AgAmerica Lending® LLC is a licensed mortgage lender. NMLS ID# 372267 Copyright AgAmerica® LLC 2024. All Rights Reserved. Moving to a rural area and buying land to build or renovate a home can be an exciting prospect. With lower population density, more affordable real estate, and a slower pace of life, living rurally appeals to … Read more
Embarking on the journey to build your dream home is exciting, but navigating the construction loan process can feel daunting. If you dream of constructing a home but are hesitant about the loan process, you’re not alone. Many share your concerns about navigating what seems like a complicated path. So, let’s demystify the construction loan … Read more
VA loans have a unique benefit that sets them apart from conventional mortgages – they are assumable This allows a new buyer to take over the loan from the existing homeowner and inherit the terms and conditions, including the interest rate and monthly payments But what exactly does it mean when a VA loan is … Read more
For veterans who have service-connected disabilities rated at 100% by the VA, purchasing a home can be a challenging process. Navigating mortgage options and ensuring you maximize your benefits is key. Luckily, the VA home loan program offers distinct advantages for 100% disabled veterans. This government-backed mortgage has more flexible guidelines, requires no down payment, … Read more
If you apply for a loan and get denied, understanding the reason for the denial can help you determine your next steps and how to improve your odds of approval next time. If youve recently been denied a loan, youre not alone. Understanding the reasons why your loan was denied can help you determine your … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. Scrolling through glossy online listings might … Read more
The process of buying land and building a house can be confusing, especially if you’ve never done it before! Well teach you the difference between land loans vs. mortgages, and well introduce you to the financing options available for buying land to build a house. If this is your first time purchasing land to build … Read more