When you take out a loan, you’ll likely hear the term “principal” thrown around a lot. But what exactly does principal mean when it comes to loans? Keep reading this complete guide to find out everything you need to know about loan principal. What Is Loan Principal? The principal of a loan refers to the … Read more
Getting a home equity loan without having to verify your income can seem daunting. Traditional lenders typically require proof of income which can be a roadblock for retirees the self-employed, and those with unconventional income streams. However, there are ways to tap into your home’s equity even if you can’t document your earnings in the … Read more
A VA loan for a manufactured home can offer military borrowers a low-cost, accessible path to homeownership. Manufactured homes are roughly half as expensive as traditional site-built homes on a per-square-foot basis, and VA loans typically offer competitive interest rates and loan terms. However, only VA-approved lenders can provide VA loans for manufactured homes. In … Read more
Having bad credit can make it difficult to get approved for loans from traditional lenders like banks or credit unions. Many people with low credit scores turn to online lenders for bad credit signature loans when they need access to funds. In this comprehensive guide, I’ll explain what signature loans are, the pros and cons … 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
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
Becoming a mortgage loan originator can be a lucrative career path. But how much do these professionals actually make per loan they originate? In this article, we’ll break down the typical commission structures and income potential for mortgage loan originators. What Does a Mortgage Loan Originator Do? First let’s review the role of a mortgage … 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
Becoming a mortgage loan officer is a promising career path that offers unlimited earning potential. Here is everything you need to know Becoming a mortgage loan officer is a promising career path that offers unlimited earning potential, flexibility, and career growth. And this is certainly the case in Texas. In the Lone Star State, you … Read more
When it comes to financing a home purchase, there are various mortgage options available to homebuyers, each with its own unique features, requirements and advantages. When deciding if a USDA loan is right for you, it’s helpful to compare these loans to other loan types, such as FHA, VA and conventional loans, to help you … Read more