When you get a home loan, your lender has to have a third party place a value on your property because the real estate is collateral for your loan. The value of the property relative to the size of the loan also has an impact on your interest rate and monthly payments. You also have … Read more
VA jumbo loans allow eligible borrowers to obtain mortgage financing above conventional conforming loan limits. With a VA jumbo loan you can buy a more expensive home while still enjoying the benefits of a VA loan like no down payment requirement. But to get approved, you’ll need to understand the nuances around VA jumbo loan … Read more
FHA loans are a popular option for financing a home purchase because of their relaxed credit requirements and low-down payments. However, it’s important to know that if you’re planning on buying a home with an FHA loan, the property you choose will need to meet certain standards. Here’s everything you need to know about FHA … Read more
Personal loans come with a lot of responsibility, but they can be an invaluable tool in a financial pinch. But can you get a personal loan after bankruptcy? Possibly, but you can certainly expect to pay a higher interest rate. Your eligibility depends on the type of bankruptcy you filed, how long ago you filed … Read more
Are you looking to upgrade your kitchen, get a new roof, finish your basement or add a deck to your backyard? Home improvement projects can be a significant investment, so many homeowners wonder whether they can reap any tax benefits from renovating. Home improvements can greatly enhance the value and enjoyment of your home However, … Read more
Conventional loans are one of the most common mortgage options for financing a home. These loans are not guaranteed by the federal government, but conform to guidelines set forth by Fannie Mae and Freddie Mac. Conventional loans tend to have stricter down payment and credit requirements than other loan options. Eligibility standards vary by lender, … Read more
Rates listed are for primary residence in manufactured home with a 25% down payment and borrower credit score of 740. APR (Annual Percentage Rate) is based on loan amount and interest rate. Example monthly payments quoted include principal and interest only. Actual payments may be higher if they include taxes and insurance. Rate, terms and … Read more
Purchasing a used mobile home can be an affordable way to become a homeowner. But securing financing for a pre-owned manufactured home does require some extra planning compared to financing a site-built house. In this comprehensive guide, we’ll explore the unique considerations around getting loans for used mobile homes and review the financing options available … Read more
Calculate your new construction loan or refinance options below. Input your details and hit Calculate to view your loan terms and an interactive graph. Additionally, explore the detailed payment schedule in the table below, and download the data as an Excel or CSV file for your records. Step 1: Select your loan type (Purchase or … Read more
Building a home can be expensive. And taking out both a construction loan and primary mortgage to finance this can be challenging. Fortunately, a USDA construction loan can help with both problems. These loans require no down payment, and youâll only need to close one loan to finance both the construction of your residence and … Read more