Knowing the type of interest you pay on a loan can prevent you from making detrimental financial decisions. Many loans charge simple interest, the most attractive form of interest on any loan. Hereâs everything you must know about the simple interest formula, how it works, and when it applies. Buying a home is likely one … Read more
Revolving credit and installment credit are two types of credit that work differently. Revolving credit allows borrowers to spend the borrowed money up to a predetermined credit limit, repay it, and spend it again. With installment credit, the borrower receives a lump sum of money that they must repay, in installments, by a specified date. … Read more
*Estimated payments above do not include amounts for taxes and insurance payments. Your payments may be greater. APR equals Annual Percentage Rate and assumes a purchase price of $200,000 with a 25% down payment and zero (0) points. Your rate and APR may be higher, all loans priced individually. Rates are subject to change at … Read more
A VA loan for a manufactured home can offer military borrowers a low-cost, accessible path to homeownership. Manufactured homes are roughly half as expensive as traditional site-built homes on a per-square-foot basis, and VA loans typically offer competitive interest rates and loan terms. However, only VA-approved lenders can provide VA loans for manufactured homes. In … Read more
There aren’t many home buyers out there that have the money on hand to buy a house outright, which is why the majority of them turn to home mortgages. However, lenders typically require borrowers to have above a certain credit score to mitigate the risk of the borrower defaulting. This doesn’t necessarily mean that if … Read more
When an unexpected expense pops up, getting quick access to cash can feel impossible. Especially if your credit is less than perfect. Traditional bank loans require pristine credit, plenty of paperwork, and waiting weeks for an answer. When you need money now, these aren’t ideal options. This is where alternative online lenders like Cash for … Read more
Agency loans are multifamily loans backed by government-sponsored enterprises such as Fannie Mae or Freddie Mac. Heres what makes them stand out.In this article: If youre looking for a multifamily real estate loan, you may wish to consider an agency loan. Agency loans are loans backed by government-sponsored enterprises (GSEs), such as Fannie Mae or … Read more
[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.25.0″ _module_preset=”default”][et_pb_row _builder_version=”4.25.0″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.25.0″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″] Backyard pools are the perfect reprieve in summer and a great way to spend time with family and friends. If you’re building a new home, you may be wondering if it’s worth having a pool, or maybe whether … Read more
Can money be lent for multiple houses through one mortgage? It can. A number of scenarios could count as multiple properties and one mortgage. Here, we look at a few examples. When looking to purchase a new home, some buyers may consider getting two properties at once. This could be to have a primary residence … Read more
*Estimated payments above do not include amounts for taxes and insurance payments. Your payments may be greater. APR equals Annual Percentage Rate and assumes a purchase price of $200,000 with a 25% down payment and zero (0) points. Your rate and APR may be higher, all loans priced individually. Rates are subject to change at … Read more