Non-conforming conventional loans are an important option for homebuyers who don’t qualify for conforming loans backed by Fannie Mae and Freddie Mac. While conforming loans follow strict guidelines on loan amounts and borrower qualifications, non-conforming loans offer more flexibility. In this comprehensive guide, we’ll explain everything you need to know about non-conforming conventional loans. What … Read more
Reverse mortgages allow homeowners aged 62 and older to access their home equity without having to make monthly loan payments These loans are available in two main forms – the federally-insured Home Equity Conversion Mortgage (HECM) and jumbo reverse mortgages offered by private lenders While HECMs have loan limits capped based on Federal Housing Administration … Read more
When looking to buy a high-priced home, you may need to get a jumbo loan Rocket Mortgage offers jumbo loans to help buyers purchase properties that exceed conforming loan limits set by Fannie Mae and Freddie Mac In this comprehensive guide, we’ll explain what a Rocket Mortgage jumbo loan is, what the requirements are, how … Read more
Let Real Estate Skills guide you through discovering the top hard money lenders for beginners—trustworthy and reliable sources that can provide the financial backing you need to kickstart your real estate ventures. That said, this article will explore the most important aspects of hard money loans for beginners, including: For new investors breaking into the … Read more
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