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
Department of Veterans Affairs (VA) loans offer a number of perks on the road to homeownership for veterans, like offering low to no down payments, more relaxed credit requirements and limited closing costs. Another benefit of a VA loan is that the thorough VA loan inspection requirements and qualifications aim to eliminate any problems with … Read more
Debt-to-income ratio, or DTI, measures your total monthly debt against your total monthly income. Along with your credit score, lenders use your DTI to judge whether they will offer you a loan and if so, at what rate. Debt-to-income ratio for car loans is represented by a percentage. Generally, the lower this percentage is, the … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Finding an affordable home can be challenging, especially in rural areas where access to credit and housing options may be limited. That’s where USDA rural home loans can help. These government-backed loans from the USDA Rural Development office make homeownership attainable for low- and moderate-income buyers in eligible rural locations. What Are USDA Home Loans? … Read more