Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. Bridge loans let homebuyers take out a loan against their current home in order to make the down payment on their new home. A bridge loan may be a good option for you … Read more
Auto loan consolidation involves taking out a new loan and using it to pay off two or more car loans. You can also consolidate auto loans with other types of loans. Instead of juggling multiple payments, consolidation means you’ll only need to make one monthly payment. In some situations, you may even be able to … Read more
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VA renovation loans, often referred to as VA rehab loans, VA reno loans, VA supplemental loans or VA home improvement loans, offer Veterans and service members a low-cost, no-down-payment way to purchase fixer-uppers or homes in need of some extra TLC. Through VA renovation loans, borrowers can finance both the purchase of a home and … Read more
It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Find out what these reason codes actually mean and what to … Read more
Getting divorced is stressful enough without having to worry about what will happen to your home and mortgage. If you and your spouse have an assumable mortgage with Wells Fargo, loan assumption may be an option to remove your ex-spouse from the loan and keep the house. But there are some key things to know … Read more
Getting your first home loan can be an intimidating process. With so many options out there, it can be hard to know where to start. Two popular mortgage programs for first-time homebuyers are USDA and FHA loans. Both offer low down payments and flexible credit requirements. But there are some key differences you need to … Read more
FHA loans are a popular mortgage option for New Jersey homebuyers. With low down payments and flexible credit requirements, FHA loans open the door to homeownership for many buyers who may not qualify for conventional loans. But to get approved for an FHA loan in New Jersey, you need to meet certain requirements In this … Read more
The FHA loan program offers flexible mortgage financing to buyers who may not qualify for conventional loans. But you may be wondering – can you have more than one FHA loan at the same time? The short answer is generally no. While you can take out multiple FHA loans over your lifetime, you usually can’t … Read more
For the first time in decades, interest rates have hit record-breaking highs, more than doubling monthly mortgage payments. Consequently, many of today’s divorcing couples who have a favorable interest rate on an existing marital home may feel handcuffed. How can they see an optimistic path forward when it comes to securing affordable lending after a … Read more