Are you a borrower with a low credit score or an aspiring first-time home buyer who canât afford to make a large down payment? If so, a Federal Housing Administration (FHA) loan may help you on the path to homeownership. FHA loans are a popular type of home loan that requires a 580 FICO® Score … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Do you have a large purchase coming up? Do you have equity built up in your home ready to be utilized? A home equity loan may be the perfect option for you. But what requirements do you need to have to qualify? Below, we will cover all home equity loan requirements and whether they fit … Read more
Getting approved for a home equity loan allows homeowners to tap into the equity they have built up in their home. This type of financing can be useful for consolidating high-interest debt, funding home improvements, or covering major expenses. However, being approved requires submitting an application and meeting eligibility criteria set by lenders. One key … Read more
Are you interested in learning about how to become a mortgage officer? Known in the industry as a mortgage loan originator, or MLO, these professionals play a key part in the process of helping buyers find homes that are right for them — typically, they are the primary contact person when a borrower completes a … Read more
The mortgage loan process may seem far from simple. There’s a lot that happens between your initial consultation and your loan being funded. Here, we’ll walk you through it, step by step. We’ll explain every major step of home loan processing. Of course, there are many factors in play here, so no one can guarantee … Read more
Taxes may not be the most exciting thing youll ever do, but if you have a personal loan, knowing the potential tax implications can help when it comes time to file your return. The good news: There is no set personal loan tax. However, knowing when and how a personal loan might impact your taxes … Read more
If you’re shopping for a mortgage, you may be wondering – do mortgage loan officers get paid commission? Understanding how loan officers are compensated can help you make a more informed decision when choosing a lender. The short answer is yes – most loan officers do earn commission as a major part of their overall … Read more
USDA loans can offer serious benefits for those who use them. With no down payment requirements, low interest rates and looser income requirements than many other loan products, they open the door to homeownership for many Americans who previously had no other options. Even better, utilizing a USDA loan on manufactured and modular housing is … Read more
Having multiple home equity loans is an uncommon scenario, but it is possible under the right circumstances As a homeowner, you may be wondering if you can qualify for and manage more than one home equity loan This article will provide a comprehensive overview of the ins and outs of having two home equity loans. … Read more