Home equity can be confusing, so here are three simple ways to define this important part of homeownership. For the majority of homeowners, its usually not possible to purchase a home without borrowing a large chunk of the money. To take out a mortgage, you choose a lender and they loan you the money to … Read more
Auto loan consolidation involves taking out a new loan and using it to pay off two or more car loans. You can also consolidate auto loans with other types of loans. Instead of juggling multiple payments, consolidation means you’ll only need to make one monthly payment. In some situations, you may even be able to … Read more
California is known for its beautiful beaches, amazing weather, and extremely high housing costs. For veterans looking to buy a home in California, VA mortgage loans can help make homeownership more affordable. VA loans offer key benefits like no down payment, no private mortgage insurance (PMI), and competitive interest rates. This makes them one of … Read more
Getting a mortgage should start before you even begin looking at property to buy. But what if you end up not wanting to stay with the lender you originally chose, can you switch mortgage lenders before closing? First, homebuyers should get a preapproval letter from a lender, which involves submitting a mortgage preapproval letter along … Read more
Applying for a home equity loan is similar to applying for many types of loans. You’ll need to provide the documents requested by your lender, and then your lender will determine whether you meet its criteria. Learn more about how you can apply for a home equity loan and how to find the right home … Read more
Finding the right lender for a bank statement loan can be a challenge, especially if you’re self-employed or have non-traditional income sources. As a business owner myself I know the difficulties of providing the typical pay stubs and tax returns that most mortgage lenders require. That’s why I put together this list of the 7 … Read more
While you may face tens of thousands of dollars of debt like the average American, you can take the reins of your debt with a consolidation loan. Debt consolidation puts your existing loans into a new, single loan, often with a better interest rate. This product can help you implement a more aggressive debt repayment … Read more
Debt consolidation can be an effective strategy for simplifying payments and saving money on interest. One way to consolidate debt is by taking out a home equity loan. But is tapping your home equity the right move? In this comprehensive guide, we’ll discuss when a home equity loan makes sense for consolidating debt vs. when … Read more
Home equity loans allow homeowners to turn their home equity into cash that can be used for debt consolidation, home improvements, or other expenses. Married couples can tap into their home equity as co-borrowers if each meets the lender’s credit and income requirements. Before taking out a joint home equity loan, it’s important to understand … Read more
A boat loan preapproval can help you navigate the potentially choppy waters of boat financing. Most boat loan preapprovals only require a few minutes to apply and you’ll typically receive an answer within two to 48 hours, depending on the lender. Whether you want to make waves in a speedboat, cruise in a yacht or … Read more