Many homeowners refinance their traditional mortgages to obtain more favorable terms as they pay down their home loans. However, it’s also possible to refinance a reverse mortgage—a loan that lets older adults tap into their home equity without selling or making monthly payments. Here’s how a reverse mortgage refinance works, and when it might make … Read more
You can use a VA loan to buy land as long as you plan to build a house on it. For military borrowers, loans backed by the U.S. Department of Veterans Affairs (VA) are an attractive option, since they don’t require a down payment and can offer better terms than a land loan from a … Read more
If your lender is unable to get an automated underwriting approval, or if you’ve been turned down with no explanation, it’s possible that it’s your lender, and not you, who is not qualified. VA manual underwriting guidelines are designed to give an Underwriter guidance and the guidelines for manually underwriting, and approving a loan application. … Read more
Purchasing your first home is an exciting milestone! As a veteran, you may be eligible for a VA home loan which makes buying a home more affordable. VA home loans don’t require a down payment or private mortgage insurance. But there are certain property requirements, known as MPRs, that must be met before your VA … 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
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
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
While almost all home builders require a down payment to get started, Madison Homebuilders does not, with few exceptions. Madison Homebuilders builds your home on the strength of our company—so under average circumstances there is no need to even apply for a construction loan, saving thousands in construction loan interest. This post is a guide … Read more
If you’re facing a big tax bill, a personal loan may let you avoid costly IRS penalties and interest. Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. … Read more
One of the advantages of living in Texas is its strong regulatory system protecting consumers. This manifests itself in many ways, including the unique laws governing home equity lending. These laws in particular stem from the state’s long-standing protection of homesteading rights and its unique title structure governing all private property transactions. You might not … Read more