During your homebuying process, you’ll have a close relationship with your personal lender. After closing day, however, your loan will be managed by a loan servicer who may or may not be the lender who assisted with your loan during the home buying process. Either way, the loan servicer will provide notice of their service … Read more
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Taking out a mortgage and buying a home often isn’t something you can do entirely on your own. If you’re looking to buy a home and need some support, a co-borrower or cosigner may be able to help. With the help of a loan officer, you’ll be able to find which one is fit for … Read more
Whether you’ve just moved into a new house or you’re spiffing up a long-term place, home improvement projects are not cheap. The average kitchen remodel, for example, cost $25,656 in 2022, according to home improvement guru Bob Vila. Other parts of the home (like a bathroom or garage) cost about half that, but these expenses … Read more
Finding a house that feels like home is never easy. If open houses are coming up short, or perhaps, if you’ve found the perfect plot of land, you may be considering building your next property. Whether your dream home features built-in storage for maximum organization, a chef’s kitchen to make your grandmother’s famous lasagna recipe, … Read more
It takes a lot of paperwork to apply for a car loan in the St. Louis area, but after that paperwork leaves your hands, how do banks verify income for auto loan services? Understanding just how car financing works can help you prepare for your experience in Herculaneum or Florissant, so let’s take a look … Read more
With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more
Getting a VA home loan can be an excellent way for eligible veterans, service members, and surviving spouses to purchase a home with little to no down payment. But many wonder – how many times can I use my VA home loan benefit? The short answer is you can use it as many times as … Read more
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). Borrowers can purchase VA loan points at closing to lower the interest rate on their VA loan, but it’s important to do the math to ensure the payoff is worth it. Generally speaking, you’ll want to remain in the home … Read more
Fannie Mae is one of the largest players in the mortgage industry. They purchase and securitize a huge number of conventional loans in the United States. But one question homebuyers often have is – are Fannie Mae loans assumable? The short answer is no Fannie Mae conventional fixed-rate mortgages are not assumable, But what does … Read more