Home renovations and repairs can be expensive. For major projects, many homeowners turn to home equity loans to finance the costs rather than paying out of pocket. With home values rising in recent years, tapping into your home equity can provide funds for remodeling while allowing you to keep your current mortgage rate. What is … Read more
We’ve streamlined VA homebuying — so you can buy your first or fifth home with confidence. Find out why VA Loans are ideal for Veterans and military families buying their first home. Buying a home is likely one of the most exciting and stressful times in a person’s life. As a veteran using your VA … Read more
Buying a home is an exciting process, but it can also be lengthy and stressful. From finding the perfect house to securing financing, the average home purchase takes about 60 days from start to finish. However, in today’s fast-paced market, more and more buyers are looking for ways to expedite the process. This is where … Read more
As you pay down your home mortgage, you build equity—the difference between your loan balance and your homes current value. With enough equity, you can borrow using your home as collateral via a home equity loan (or a home equity line of credit, also known as a HELOC). A home equity loan can be a … Read more
With great power comes great responsibility â and the same can be said for loans backed by collateral. Securing a loan with an asset provides access to substantial funds while offering lenders a level of security unparalleled by unsecured alternatives. Whether youâre considering a mortgage loan, auto loan or other secured option, collateral loans empower … Read more
Fix and flip loans allow real estate investors to purchase and renovate properties for a quick resale. These short-term loans provide access to capital to cover the costs of repairs and upgrades before selling the fixed-up home for a profit. While interest rates are usually higher than conventional mortgages, fix and flip loans can be … Read more
If you’re one of the many individuals who have recently navigated the challenging process of bankruptcy, you might be wondering about the possibility of borrowing against your home equity. While bankruptcy can create significant financial roadblocks, securing a home equity loan after bankruptcy isn’t out of reach and can be a practical step toward regaining … Read more
More and more lenders are offering no-doc mortgage options to help borrowers with tricky income situations with loans to buy or refinance homes. Also called no-income verification mortgage or stated income loan, a no-doc mortgage may help you close your home loan faster, especially if you have complicated tax returns. Today’s no-income-verification mortgages come with … Read more
It took Joel and Estela Acosta a week to move everything out of their home of 16 years. Unable to afford a storage unit, the couple has moved many of their belongings to the yard of a house they’ve rented across the street. That yard is cluttered with cribs piled high with baby clothes, boxes … Read more
Nobody purchases a home intending to miss payments due to financial hardship. Homeowners will typically do anything they can to avoid defaulting on their loan. When homes go into foreclosure, those properties must be reclaimed by the lender and put up for sale in one form or another. One such type of sale involves repossessed … Read more