Having multiple debts can be overwhelming. Credit card balances, personal loans, medical bills, and other obligations can pile up, making it difficult to keep track of due dates and monthly payments. If you find yourself struggling under the weight of high-interest debt, a debt consolidation mortgage loan may help provide some financial relief. In this … Read more
These are common questions that arise for debtors whose loans are secured by their personal property. A secured loan is a loan that attaches to a piece of your property – most commonly, your home or your vehicle. In the event you default on the loan, your creditor has a right to seize your property. … Read more
If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as … Read more
Starting and running a successful business takes grit, passion, and often a fair bit of capital. As an entrepreneur, you may have a great idea but lack the funds to get your business off the ground. A home equity loan could provide the financing you need to make your business dreams a reality. I’ve started … Read more
Small mortgage loans, which are for any dollar amount less than $100,000, can be hard to come by. Still, it’s possible to qualify for one. We’ll walk you through what defines a small mortgage loan, how to find one and why it can be difficult to secure one. We’ve also compiled a list of alternatives … Read more
For the average consumer, underwriting is a term associated with insurance. But business owners need a more expansive definition of the concept, specifically for business loan underwriting. Underwriting is the process of mitigating risk for a fee. It is a credit risk assessment that isnât limited to the insurance industry. Underwriters play a huge role … Read more
If you’re looking to harness the hidden value in your home to fund a home improvement project, consolidate debt, or cover an emergency expense, the financial tool you need could be at your front door. But first you need to find out how much equity you have in your home—which, in part, relies on getting … Read more
Getting approved for a home equity loan without steady employment can seem daunting. However, it is possible for homeowners without a full-time job to qualify for a home equity loan or line of credit. The key is having sufficient income to make the monthly payments. What is a Home Equity Loan? A home equity loan … Read more
The USDA home loan program helps make homeownership affordable for rural and suburban borrowers. USDA loans require no down payment and offer competitive interest rates. However, you must qualify based on income limits, credit, and other factors. Going through USDA pre-qualification is the first step. In this comprehensive guide, we’ll walk through everything you need … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting a VA home loan when you have bad credit … Read more