New Survey Data from Embold Research, Sponsored by SoFi, Shows Federal Student Loan Borrower Confusion and Misconceptions Around Resumed Payments Buying a home is an exciting milestone, but saving up enough money for a down payment can be challenging. If your credit or savings need some work, you may be wondering if lease to own … Read more
Construction loans can offer financial support during the building process, but refinancing can provide long-term benefits. By refinancing a construction loan, homeowners can secure a lower interest rate for their permanent mortgage and potentially save money over time. Refinancing also allows for adjustments to loan terms based on individual needs, such as switching from an … Read more
If youre a first time homebuyer, then the process can seem overwhelming. This video series, presented by Chase Home Lending, translates relatable experiences into tips and tools that equip you for every step of your homebuying journey. The mortgage application process is an important one and a little preparation can make it less stressful. The … Read more
Bridging loans are short-term loans that can typically be arranged faster than a standard mortgage. This could help if you find yourself in a situation where you need finance in place quickly to purchase a commercial or residential property, or are waiting for other funds to become available. Find out how long it might take … Read more
Non recourse loans allow borrowers to walk away from a property without personal liability if they default. With a non recourse loan, the lender can seize the collateral securing the loan, but cannot pursue other assets owned by the borrower. As a result, non recourse loans present more risk to lenders, which is why they … Read more
Payday loans can provide quick cash when you’re in a financial pinch. If you live in Detroit, you may be wondering where to turn for reliable payday loans. With so many options, it can be confusing trying to determine which lenders are reputable. This article will explore payday loans in Detroit explaining what they are, … Read more
Taking out a construction loan to build your dream home can be an exciting yet daunting process. One of the most important factors to consider is the down payment requirements, which are often higher for construction loans compared to conventional mortgages. Meeting the down payment requirements ensures you get approved for the loan and sets … Read more
USDA loans make homeownership possible for thousands of low-income Americans in rural areas. These low-interest, zero-down mortgages arent as well-known as their FHA or VA loan counterparts, but they include many perks that can make them a great option for eligible borrowers. In many cases, homebuyers can use a USDA home loan to purchase a … Read more
Getting approved for a home equity loan usually requires an appraisal of your home. The appraisal determines your home’s current market value which allows the lender to calculate how much equity you have available to borrow against. What is a Home Appraisal? A home appraisal is an estimate of your home’s market value performed by … Read more
In recent years the costs associated with buying a home have skyrocketed. So, if you’re in the market for a new home, you may be considering building a home, instead. As part of building your own home, learning about construction loans, how they work, and if one is right for you should be part of … Read more