What is the Financial Hardship Department scam? What do you do if you receive a scam email or call? Read more. Gaetano DiNardi is a growth advisor to software companies like Docebo, Cognism, and Workvivo. As the former head of organic growth at Aura, Gaetano helped launch the companys SEO program. He has also written … Read more
There are loan programs, along with home buying assistance programs, that can help put the dream of homeownership within reach for single mothers. “It can be tough to support a family on one income. But, if a single mom has decent credit, they could qualify for a mortgage,” says Mark Gundersen, a senior loan officer … Read more
The VA loan allows for 100% financing for eligible borrowers. Active duty service members, veterans, and surviving spouses can apply for a VA loan with zero percent down. Of course, there are additional fees involved with home loans, such as closing costs. But, there are several benefits for disabled veterans that make the VA loan … Read more
Mortgage loan officers play a crucial role in the home buying process. They meet with prospective homebuyers, assess their financial situations, educate them on loan options, guide them through the application process, and ultimately help them secure financing. But how are mortgage loan officers themselves paid for this important work? Specifically, how much does a … Read more
A loan commitment is an agreement between a lender and a borrower that sets forth the terms and conditions of a loan The lender agrees to provide financing to the borrower up to a specified amount and for a defined period of time. While a loan commitment establishes a legal obligation for the lender, it … Read more
We’re here to help! First and foremost, SoFi Learn strives to be a beneficial resource to you as you navigate your financial journey. Read more We develop content that covers a variety of financial topics. Sometimes, that content may include information about products, features, or services that SoFi does not provide. We aim to break … Read more
A 25-year mortgage may not be the most common home loan term, but it offers a nice middle ground between 15 and 30-year loans. With a 25-year fixed-rate mortgage, you’ll make payments for 25 years until the loan is paid off, with the same interest rate the entire time. This type of loan can be … Read more
Mortgage loan fraud is a serious crime that can result in severe penalties This type of fraud typically involves an intentional misrepresentation or omission of information on a mortgage loan application in order to obtain favorable loan terms While accidental mistakes do not constitute fraud, intentionally falsifying information is against the law. Let’s take a … Read more
Getting an FHA loan for a duplex can be a great way for first-time homebuyers to enter the real estate market. With an FHA loan you may be able to buy a duplex with as little as 3.5% down while living in one unit and renting the other. However there are some specific requirements you … Read more
Are you curious about how much the average loan officer makes in commission? Are you a mortgage broker looking to maximize your revenue? This article will provide an in-depth look at loan officer compensation so that you can make informed decisions about your business. Becoming a mortgage loan officer can be an attractive career path … Read more