Deciding to renovate or remodel your home is an exciting decision. Not only can remodeling projects increase your home’s value, but they also allow you to customize your living space to match your lifestyle and taste. However home remodels and renovations often come with a hefty price tag. If you don’t have the available cash … Read more
Purchasing a home is likely one of the biggest financial decisions you’ll make in your life. For many buyers, qualifying for a mortgage can be challenging, especially with rising interest rates. This is where assuming a VA loan from a seller can be an excellent option. As a brief overview, assuming a VA loan allows … Read more
If you’re working on increasing your credit score, it’s natural to wonder whether auto loans are installment or revolving. Car loans, for example, are installment loans. That means you’ll pay a fixed amount of money on the loan each month. As a consumer, this is a great way to build credit and work on creating … Read more
Filing for bankruptcy can feel like a major setback on the road to homeownership. With your credit score plummeting and debts discharged many would-be buyers may feel like their dream of owning a home is dashed after bankruptcy. However, if you’re a qualifying Veteran or military member a VA home loan may provide a viable … Read more
Buying a home is one of the most exciting yet stressful times in a person’s life. With so many options and requirements, it can feel like navigating a maze just to get to closing day That’s why partnering with the right lender makes all the difference At On Point Home Loans, our experienced team guides … Read more
Buying a home is likely the biggest purchase you’ll ever make. It’s an exciting process but also a complex one with a lot of moving parts. Securing financing is a critical step to ensure you can actually afford the home you want. A mortgage loan commitment letter is a key document in this process. In … 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
The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. Buying a home is an exciting … Read more
Fix and flip loans allow real estate investors to purchase and renovate properties for resale at a profit. While house flipping can be a lucrative business, accessing fix and flip financing poses unique challenges for new investors. This beginner’s guide covers everything you need to know about getting started with fix and flip loans. What … Read more
If you’re struggling to make your monthly loan payments, you may be considering applying for a loan modification. A loan modification allows you to change the terms of your loan to make your payments more affordable. This can provide much-needed financial relief especially if you’re facing hardship. But before moving forward with a modification, it’s … Read more