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
If you’re looking for an alternative to a traditional, site-built home, you may want to consider financing a mobile home through the FHA manufactured home loan program. Sometimes called an FHA loan for a mobile home, this government-backed mortgage option allows borrowers with imperfect credit to purchase an affordable home. Manufactured homes, also known as … Read more
If you have a mortgage backed by Fannie Mae you may be wondering how to look up specifics about your loan. The details about your mortgage can be useful to access especially if you want to take advantage of programs to lower your payments or modify your loan terms. Fortunately, Fannie Mae offers a free … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
A mortgage loan modification can hurt your credit if the lender reports it as a settlement, but it can also provide long-term benefits for your credit history. If youre pursuing a modification to your home loan payments, youre already experiencing some financial difficulty. But while a loan modification can help make your payments more affordable, … Read more
Prospective homeowners may be looking to lessen some of the inherent financial burdens that come with home ownership. Sometimes, getting a second borrower for a VA loan can result in better terms, such as lower interest rates. In this article, we will look at the requirements for adding a co-borrower on a mortgage loan and … Read more
Do you have VA loan equity reserves? Let’s discuss how to build them up — and how to use them. Your VA loan equity reserve is the share of your property you actually own — or the home’s value minus your current VA loan balance. Your home equity reserves are continually growing in two ways: … Read more