If you’re looking for ways to get cash for bills, home renovations or other expenses, your home equity could provide a solution. There’s more than one way to tap into your equity, though. We’re breaking down the pros and cons of a home equity loan vs. a HELOC vs. refinancing with cash out. Home values … Read more
Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. Follow along as we demonstrate how to use the site When getting a new loan, you’ll often encounter fees charged by the lender to cover the costs of originating and processing the loan. Known as loan origination fees, these costs can include … Read more
Making sure their children grow up in a safe and healthy environment is a priority for many people â including single parents. If youâre a single parent looking to buy a home for your family, considerations like finding the best home loan option are well worth your time and attention. While there are no âsingle … Read more
As a Veteran exploring your home financing options you may be wondering if you can qualify for two VA loans at once. The answer is yes – under certain circumstances it is possible to have two VA-backed mortgages simultaneously. Having two VA loans concurrently is usually associated with active-duty servicemembers who get Permanent Change of … Read more
Buying a home is an exciting time, but it can also be stressful especially when it comes to finances. One term that often comes up during the homebuying process is “earnest money.” If you’re using a VA home loan to purchase your home you may be wondering whether you need to provide earnest money and … Read more
Foreclosure happens when a borrower fails to make payments on their mortgage, and the lender must repossess the home. To recoup their investment, the lender typically sells the home at a reduced price to offload the asset quickly. This presents potential homebuyers with the ability to get more space in a better area with a … Read more
Several mortgage loan options — including FHA loans and VA loans — are designed to help borrowers with low credit scores get a home loan. Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. If you want to get a mortgage but your credit score needs … 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
Every mortgage comes with closing costs (even those advertised as “no closing cost” loans). A home loan is a product, and like any kind of good or service, there are related costs. So, what exactly is included in “closing costs” for a VA loan? As it turns out, “closing costs” is really a catchall term … Read more
Learn when it makes sense to use home equity to finance a car purchase and key factors to weigh in your decision. Finding the cash you need for significant expenses such as buying a car can be overwhelming. That’s where loans come into play. Traditional auto loans are usually the best financing option when buying … Read more