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
Real estate investors in California use fix and flip loans to fund purchases and renovations of investment properties. With the hot real estate market in cities like Los Angeles, San Francisco, and San Diego, fix and flip projects can generate big profits. But finding the right lender for fix and flip loans in California takes … Read more
Buying your first home is an exciting milestone in life. However, the process of getting approved for a mortgage loan can be confusing and intimidating for first-time homebuyers One popular option for first-timers is the FHA loan, which only requires a 35% down payment and has flexible credit requirements. Before you start seriously house hunting, … Read more
Rocket Companies® and the affiliated Family of Companies create a world of opportunity in fintech, real estate, sports, entertainment and more! Our industry-leading client experiences are powered by our innovative and trusted digital experiences and driven by our world-class team members. As one team, were on a mission to simplify our clients most complex moments … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
According to a recent McKinsey’s American Opportunity Survey, 36% of employed Americans identify as self-employed, representing a significant increase from an estimated 27% in 2016. This number includes “side hustles,” but 72% of independent workers say they have only one job. Those individuals, who include independent contractors, seasonal workers, vendors, freelancers, gig workers, and individuals … Read more
In the Loan Star State, if you want to liquidate some of your home’s accrued equity, laws limit how much you can cash out and when you are allowed to tap into it. While these rules may appear stricter than normal, they are in place to cushion Texas homeowners against over-leveraging their properties. Take a … Read more