Taking out a home equity loan can be a great way to tap into your home’s equity for large expenses like home improvements or debt consolidation. But the closing costs associated with home equity loans can sometimes be a barrier for borrowers. That’s where no closing cost home equity loans come in. In this article. … Read more
Getting older comes with financial challenges, especially if retirement savings fall short. Many seniors find themselves living on fixed incomes that don’t cover rising living costs. Tapping into home equity can provide funds to bridge the gap But should you get a reverse mortgage or home equity loan? I compared the two options in detail … Read more
Starting an Airbnb business can be an exciting and lucrative venture, but it also requires some upfront investment. As the founder of my own small business, I’ve learned firsthand that getting funding can be one of the biggest hurdles for any new entrepreneur. In this article, I’ll walk you through the ins and outs of … Read more
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
When applying for a mortgage, a popular option is a loan backed by the Federal Housing Administration (FHA) because of its lenient eligibility requirements. However, FHA loans come with annual loan limits that restrict how much house a borrower can buy. In Ohio, the FHA loan limit in 2024 for a single-family home is $498,257 … Read more
You can refinance a mobile home to save money but need to be prepared to jump through some hoops before you close. Follow the five steps below to navigate the path to the best mobile home refinance whether you own a mobile home, manufactured home or a modular home. Owning a mobile home can be … Read more
Most preapprovals are good for 90 days, but some lenders issue 60-day and 30-day limits. Best practice is to get preapproved for a mortgage just before you begin serious house hunting. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com. When a lender issues a mortgage preapproval letter, the … Read more
Having a high debt-to-income (DTI) ratio can make it challenging to qualify for a home equity loan or home equity line of credit (HELOC). Lenders want to ensure borrowers have the ability to manage additional debt payments. But there are strategies you can use to improve your chances of approval, even with high DTI. What … Read more
Refinancing a personal loan from LendingClub can potentially help you lower your interest rate, reduce your monthly payments, or pay off your debt faster. In this comprehensive guide, I’ll explain when and how to refinance a LendingClub personal loan to save money. What Does It Mean to Refinance a LendingClub Personal Loan? Refinancing a loan … Read more
When you own an investment property, the goal is to earn a solid rate of return. If after several years of ownership you find your return is not what you expected, an investment property refinance may be the answer. Start the process by looking at investment property refinance rates to be sure they represent a … Read more