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
When you’re in need of a loan, lenders consider your credit score to determine whether you are eligible or not. For people with bad credit, securing a loan is never an easy experience. This may leave you wondering whether loans with guaranteed approval for people with bad credit are actually available. Loans with “guaranteed approval” … Read more
Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors opinions or evaluations. Please view our full advertiser disclosure policy. A land loan is a type of financing that borrowers can use to buy a plot of land for residential or business … Read more
Are you ready to take your real estate game to the next level? If you have dabbled in single-family investments in the past, you may wonder what comes next. It is only a matter of time, then, before you find yourself researching how to buy an apartment complex as your next commercial rental project. Buying … Read more
If you own a business, you may be wondering if you can use a business loan to buy a house While it is possible in some cases, there are pros and cons to weigh when using business financing for a personal real estate purchase In this comprehensive guide, we’ll cover everything you need to know … Read more