What is the Financial Hardship Department scam? What do you do if you receive a scam email or call? Read more. Gaetano DiNardi is a growth advisor to software companies like Docebo, Cognism, and Workvivo. As the former head of organic growth at Aura, Gaetano helped launch the companys SEO program. He has also written … Read more
If you’re looking to buy a home in rural New York but don’t have a ton of cash for a down payment, a USDA loan may be a great option for you. USDA loans, also known as Section 502 direct loans, are backed by the United States Department of Agriculture (USDA) and aimed at helping … Read more
Finding the right home loan can feel overwhelming with so many options to consider. USDA rural development loans stand out as an attractive choice for qualifying borrowers thanks to perks like low interest rates flexible credit requirements, and even 100% financing. But how do you know if a USDA loan is right for you? That’s … Read more
Can you buy a foreclosure with a USDA loan? Yes, but it may not be smooth sailing. Photo by Tobias Bjørkli. If you want to live in the country, a USDA loan is a great option if you qualify, and pairing it with a foreclosure is the cherry on top. So yes, you can use … Read more
A 40-year mortgage is like a traditional 15- or 30-year mortgage, but it offers an extended repayment term. Having ten more years to pay off a loan can give you lower monthly payments, but in the long term you’ll pay far more interest. 40-year mortgages can be a more affordable way to purchase a home … Read more
The Department of Veterans Affairs utilizes a series of Minimum Property Requirements (MPRs) that a home must meet to qualify for a VA loan. These property requirements help ensure that Veterans and military families have a safe, structurally sound and sanitary place to call home. Before approving the mortgage, your VA lender will request an … Read more
The debt-to-income (DTI) ratio is one of the most important factors lenders look at when determining eligibility for a VA loan. This ratio compares your total monthly debt payments to your gross monthly income. While the VA doesn’t set a maximum DTI ratio, most lenders will scrutinize borrowers with ratios over 41%. In this comprehensive … Read more
Hard money loans are excellent financing options for real estate investors who are flipping or building a property. Speed, flexibility, and security are most of what makes hard money loans so appealing. If you’ve heard of hard money loans, and the benefits they offer to real estate investors, but you’ve never used one before, you … Read more
Student loan debt can make it harder — but not impossible — for you to get a mortgage. Lenders consider student loan debt as a part of your total debt-to-income (DTI) ratio, which is a vital indicator of whether you’ll be able to make your future mortgage payments. Here’s what to know about getting a … Read more
If you’re looking to build a new home, the FHA One-Time Close construction loan program can provide an affordable financing option that bundles your construction loan and permanent mortgage into one But to get approved, you need to find an experienced FHA One-Time Close lender This article will cover how this unique loan works, its … Read more