Purchasing land to build a dream home or start a business can be an exciting prospect. However, land is one of the most difficult types of real estate to finance. Traditional mortgages require an existing structure as collateral, so funding raw land purchases requires special lending instruments. If you need financing to buy vacant land, … Read more
As a first-time homebuyer in Oregon, I understand the struggles of finding an affordable mortgage. With high home prices in cities like Portland, many are priced out of the market. That’s why I was excited to discover USDA rural home loans as an option. In this blog post, I’ll share everything I learned about how … Read more
VA mortgage loans have a unique feature that sets them apart from conventional loans – they are assumable. This means that the loan can be transferred to a new borrower who takes over the payments. Assumable VA loans provide opportunities for both buyers and sellers in a rising interest rate environment. In this comprehensive guide, … Read more
First responders like firefighters, police officers, paramedics, and nurses provide invaluable services that benefit communities across California daily. In recognition of their service and sacrifice, there are special home loan programs available to help these heroes achieve the dream of homeownership. Known as first responder home loans in California, these programs offer exclusive benefits and … Read more
If you’re looking to build or purchase a new home, financing the project can seem daunting Traditional construction loans require two separate loan closings – one for the construction financing and another for the permanent mortgage. This means extra paperwork, underwriting, and closing costs That’s why the one time close loan is gaining popularity. With … Read more
This comprehensive article provides an in-depth look at eight types of rental property loans, offering real estate investors a detailed analysis of each options advantages and disadvantages. It serves as a crucial guide for making informed financing decisions in the pursuit of successful property investment.By As a real estate investor, finding “the one” is exciting … Read more
I am happy to inform you that Doe International has approved your loan application for $33,000 with interest to be paid at a 9.8 Annual Percentage Rate. As indicated in earlier correspondence, we expect the loan to be paid in full within seven years. An amortization schedule is enclosed. Please call me sometime during the … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting a VA loan with poor credit may seem daunting, … Read more
Texas land loans let you secure a property and then build a home or business when you’re ready. You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click on the links … Read more
A bridge loan can be a useful financing tool when you need short-term funds between real estate transactions. But how much will a bridge loan really cost you? A bridge loan payment calculator is an easy way to get an estimate so you can determine if this route makes sense for your situation. In this … Read more