VA loans are a popular mortgage option, especially among military service members and veterans. One of the unique features of VA loans is that they are assumable under certain conditions. This means that a homebuyer may be able to take over the mortgage of the current homeowner. But can real estate investors assume VA loans? … Read more
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If you’re in the market to purchase land and don’t have the full amount available in cash, you may need to seek various financing options. In most cases, you’ll get a mortgage specifically for the land. But you may also consider using a home equity loan. Home equity loans typically have better interest rates and … Read more
An amortized loan is a type of loan where the loan amount is paid off over the term of the loan in equal installments. Each installment payment consists of both principal (the original loan amount) and interest. In an amortized loan, the amount of principal and interest in each installment changes over time, but the … Read more
The United States Department of Agriculture helps those who otherwise wouldn’t qualify for home financing to become homeowners. The USDA’s single-family housing guaranteed loan program benefits low- or moderate-income homebuyers in rural areas. The USDA backs these loans to promote economic development in places with smaller populations. Homeownership helps stabilize the local economy and community … Read more
HomeLoanServ is a mortgage servicer that manages mortgage loans on behalf of lenders If HomeLoanServ services your mortgage, you’ll make your monthly payments to them HomeLoanServ offers several convenient payment options to choose from. Making your mortgage payment on time each month is essential to keep your loan in good standing. Review how to make … Read more
If you’re taking out a conventional home loan, you may be wondering if a home inspection is needed. While it’s not required by most lenders, it’s still a good idea to get one done. Read on to learn more about home inspections and why they may be worth your time. Buying a home is likely … Read more
If youâre an eligible veteran, service member or surviving spouse, a VA loan from the Department of Veterans Affairs (VA) can help you purchase or refinance a home with low upfront costs. However, low costs donât necessarily mean no costs. Like other types of home loans, VA loan borrowers will have to pay fees known … Read more
Purchasing a home is likely one of the biggest financial decisions you’ll make in your lifetime. When getting a mortgage, it’s crucial to understand all the requirements and processes involved before signing on the dotted line. This is especially true for VA loans, which have specific standards that properties must meet. In this comprehensive guide, … Read more
Land loans can help you buy property without any structures on it, especially when you don’t have immediate plans to build on the land. Whether you’re planning to build your dream house someday or buying a new location for your business, you might need a land loan to make it happen. We’ll go over the … Read more