Loan

If you own a manufactured home – also known as a mobile home – you might be wondering if you can qualify for a home equity loan or line of credit. The answer is yes, but there are requirements specific to borrowing equity on a manufactured home, such as a higher minimum credit score and … Read more

Owning a mobile home can be an affordable way to enter the housing market However, many homeowners run into challenges when trying to tap into their home equity through loans or lines of credit. Traditional banks and lenders often view mobile homes as riskier investments and have strict eligibility requirements Thankfully, there are still some … Read more

The Short Answer is “Yes,” you can get a mortgage while in Bankruptcy. During any bankruptcy, there are a number of hurdles you may encounter when requesting new credit such as a mortgage. There are however ways to navigate these hurdles successfully. Here at Peoples Bank Mortgage, we specialize in assisting individuals who are struggling … Read more

Hard money loans are great, but they come with short fuses. Quickly after you get them, you have to refinance out or pay stiff penalties. After all, that’s the purpose of a hard money loan. You buy, fix up, and rent out the house. Hopefully, you have enough equity to refinance into a 30-year fixed … Read more

If you’re married and want to improve your chances of qualifying for a personal loan and securing a lower rate, adding your spouse as a co-borrower on a loan application could be the solution—if you apply with a lender that offers joint personal loans. However, it’s important to know the potential benefits and risks before … Read more

Texas is one of the hottest real estate markets in the country right now With its diverse economy, business-friendly environment, and growing population, it’s no wonder that real estate investors are flocking to the Lone Star State. One popular real estate investing strategy that is booming in Texas is fix and flip. A fix and … Read more

Getting a home equity loan allows homeowners to tap into the equity they have built up in their home to access funds for major expenses or projects With home values rising across the country, many homeowners find they have significant equity available Freedom Mortgage offers home equity loans that allow borrowers to leverage their equity … Read more

For new real estate investors, one of the best avenues for starting in real estate investing is through flipping houses. Investors find a distressed property and purchase the property at a discounted price. Then they invest in the rehab and profit from the new market value. Shows such as Fixer Upper and Flip or Flop … Read more

Factory-built homes, such as manufactured, modular, and mobile homes, are gaining popularity. This is due to limited housing options and high home prices. Let’s delve into these housing alternatives, examining their advantages, drawbacks, and financing possibilities. Buying a mobile home can be an affordable way to achieve homeownership. With prices significantly lower than site-built houses, … Read more

If you are in the process of getting a mortgage loan to purchase a home or refinance your existing loan, you have likely come across the term “lender credit”. A lender credit is an amount of money provided by the lender to cover some or all of the closing costs associated with the mortgage loan. … Read more