Purchasing a multi family property can be a great investment. It allows you to live in one unit while renting out the others providing rental income. However, financing a multi family home purchase requires more complex lending than a single family residence. This guide will explain the different types of multi family loans available and … Read more
When obtaining a mortgage loan to finance a home purchase, borrowers sign lengthy and complex loan contracts with various clauses and provisions. One such clause that often raises questions is the due-on-sale clause. This article explains what a due-on-sale clause is, how it works, its purpose, and the implications for homeowners when selling or transferring … Read more
While we always want to make our monthly mortgage payments, sometimes life can get in the way. If youâre in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why youâre unable to meet … Read more
A $3,000 personal loan is a financial tool that can be used in a variety of situations. Whether you’re looking to consolidate debt, finish a home improvement project or cover an unexpected expense, an extra $3,000 can give you some flexibility in your budget. A loan of this size is available from many lenders that … Read more
Mortgage revenue bonds are important financial tools that can help eligible families purchase a primary residence at an affordable price. But what exactly is a bond loan? Increase your financial literacy by learning the specifics of bond loans and how they can benefit you during the home buying process. As a first-time homebuyer exploring my … Read more
Getting Quick Cash with Same-Day 1000 LoansBy John Smith Finding yourself in need of emergency funds can be stressful. When an unexpected expense pops up like a medical bill or car repair having access to a quick 1000 loan can provide much-needed financial relief. In this article, I’ll explain what same-day 1000 loans are, who … Read more
A home is probably the largest purchase youll ever make in your lifetime. It requires a lot of time and discipline. But its a decision that shouldnt be taken lightly. After all, it costs a lot of money for anyone—even those who work full-time. Buying a home can be even more challenging for someone who … Read more
Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. Building a house from scratch can be a great opportunity to get the home you’ve always wanted. But construction costs can add up quickly and timelines can be unpredictable. Luckily, a variety of … Read more
More and more lenders are offering no-doc mortgage options to help borrowers with tricky income situations with loans to buy or refinance homes. Also called no-income verification mortgage or stated income loan, a no-doc mortgage may help you close your home loan faster, especially if you have complicated tax returns. Today’s no-income-verification mortgages come with … Read more
An FHA construction loan can help you realize your dream of creating your forever home from the ground up, even if you have less-than-perfect credit. As long as you can make a 10% down payment, you may qualify for an FHA construction loan with a credit score as low as 500. Here’s what you need … Read more