Are you struggling to afford a home in South Carolina? Before you give up the search, consider looking into an FHA-insured loan. Loans backed by the Federal Housing Administration (FHA) can be a huge help to buyers with limited income or savings. For a single-family home in South Carolina, you can potentially qualify for an … Read more
A credit score is one of the key factors mortgage lenders review when determining your eligibility for a home loan If your score is on the lower end, you may be wondering if homeownership is still possible. The good news is that a 640 credit score is typically high enough to qualify for certain mortgage … Read more
An FHA construction-to-permanent loan, also known as a one-time close loan or a single close loan, allows you to finance the construction of a new home and get a permanent mortgage in just one loan and one closing. This type of financing can make building a custom home more affordable and accessible, especially for buyers … Read more
If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as … Read more
Every mortgage comes with closing costs (even those advertised as “no closing cost” loans). A home loan is a product, and like any kind of good or service, there are related costs. So, what exactly is included in “closing costs” for a VA loan? As it turns out, “closing costs” is really a catchall term … Read more
Credit card debt is easy to accumulate but tough to pay down, especially when high interest rates keep balances growing. A personal loan used for a balance transfer can provide relief by consolidating balances into one fixed monthly payment at a lower rate This guide covers how balance transfer personal loans work, their advantages over … Read more
Need to pay for a major kitchen remodel? Or maybe you need to buy land and fund the construction of an entirely new home. An FHA construction loan could help. First, you need to understand how this type of home loan works and how it differs from a standard FHA loan. Weâll review that in … Read more
Taking out a loan is one way to access capital to purchase a home, car, or other large expense. But “loan” is just one term for this type of financial arrangement. There are actually many synonyms and related words that can be used in place of “loan.” Below we’ll explore over 45 alternatives to the … Read more
If you’re looking to buy or sell a home through an alternative financing method, you may come across something called a “wrap around mortgage” or “wrap around loan.” But what exactly is a wrap around loan and how does it work? In this comprehensive guide, we’ll explain everything you need to know about wrap around … Read more
Having no established credit score can present challenges when trying to get approved for a mortgage. Most lenders rely heavily on credit scores to assess loan risk. But going through a manual underwriting process can help you secure home financing even with no credit score history. Manual underwriting takes a deeper look at your financial … Read more