Homeownership comes with a hidden treasure known as home equity, and if youre a self-employed homeowner, you might be wondering how to determine and check your home equity to leverage it for your financial needs. In this article, well delve into what you need to know about home equity loans, with a particular focus on … Read more
A home equity loan allows you to borrow money against the value built up in your home. While most people seek out these loans using their primary residence, it is possible to get a home equity loan on a rental property – it just tends to be harder and more expensive. In this article, we’ll … Read more
Rocket Mortgage is well known as America’s largest mortgage lender. But did you know they also offer small business loans? Rocket Mortgage business loans provide financing to new entrepreneurs and existing small business owners who need capital to start or grow their company. In this article, we’ll explain what makes Rocket Mortgage business loans unique, … Read more
A closed end signature loan, also known as an installment loan is a type of personal loan that is repaid through fixed monthly payments over a set period of time. Unlike an open end line of credit, a closed end loan provides you with a lump sum of cash upfront and has definitive start and … Read more
Paying property taxes can be a real challenge, especially when money is tight. As a homeowner, failing to pay your property taxes on time can lead to serious consequences like penalties, interest charges, and even losing your home to foreclosure. When you’re facing financial hardship, taking out a property tax loan may seem like the … Read more
The VA loan allows for 100% financing for eligible borrowers. Active duty service members, veterans, and surviving spouses can apply for a VA loan with zero percent down. Of course, there are additional fees involved with home loans, such as closing costs. But, there are several benefits for disabled veterans that make the VA loan … Read more
How long it takes to get a home equity loan varies based on the individual homeowner and the lender. The complexity of your application, your financial situation, and how quickly you can get your paperwork together also factor into how long the home equity loan process takes. To make the process as quick and smooth … Read more
Home equity lines of credit, or HELOCs, offer a way to access credit at potentially lower interest rates compared to credit cards or personal loans. When you refinance a HELOC, you are essentially taking out a new loan to replace the one you currently have. There are many reasons you might want to refinance your … Read more
Even for the most financially healthy people, loans can sometimes be difficult to obtain, especially larger ones. However, if you need a loan, options are available to help you get one, including using owned land or land that was gifted to you as collateral. By using land as collateral for a loan, lenders are more … Read more
When you own rental property, it’s usually a good idea to hold it in the name of an LLC, to help limit your liability and build credit for your real estate business. However, it can be tricky to obtain an LLC mortgage, especially if you’re doing it for the very first time. Here’s how mortgages … Read more