Cultivating a strong connection with new clients is a critical priority for loan officers, and at the core of this lies the art of posing pertinent questions. By immersing themselves in clients financial landscapes and aspirations, loan officers can skillfully steer them toward the most fitting mortgage lenders and loan choices. This article delves into … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home faster. There is a limit to how much a seller can pay for, though. Each loan type — conventional, FHA, VA, and USDA — … Read more
Using other people’s money by getting a loan on a rental property can be a good way to increase potential returns as long as you conservatively balance risk with reward. In this article, we’ll look at the options for getting a rental property loan and discuss how to analyze cash flow and property value to … 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
Mortgage lenders usually verify your employment by contacting your employer directly and by reviewing recent income documentation. The borrower must sign a form authorizing an employer to release employment and income information to a prospective lender. At that point, the lender typically calls the employer to obtain the necessary information. Employers are usually happy to … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting approved for a home loan can be challenging if … Read more
Buying a piece of land to build a home or start a business on can be an exciting venture. However, land is often expensive, so you’ll likely need to finance the purchase with a loan. Loans specifically for vacant land, often called lot loans or land loans, can help make your property ownership dreams a … Read more
When you need cash, you may be tempted to go with the option that gets you money the fastest, but sometimes, this can be a costly mistake. You have many options when it comes to borrowing money. Each has its own terms, interest rates, and qualification requirements. When you need to borrow money, it’s tempting … Read more
What are the biggest loans youâll take out in your lifetime? If youâre like most people, theyâll be the ones you use to finance the purchase of your home and car. But aside from the sizable financial commitments that come with these jumbo-size loans, mortgage and auto loans donât have as much in common as … Read more