How An FHA Loan Can Help You Buy Your Dream Starter Home
posted on : 9/4/18
Buying a new home is an exciting and scary process. For many Americans finding a mortgage feels nearly impossible as they begin their search for their first home. An FHA loan is an excellent option for any first-time home buyer. Funded by the Federal Housing Administration, an FHA loan is part of a government program to help people struggling to get a traditional mortgage loan. As such, the mortgage rates are fixed and the loan itself has significantly lower qualification requirements.
How to Get a Home Loan With a Credit Score of 580
posted on : 8/13/18
If you're trying to apply for a mortgage loan but your credit isn't where lenders would like it to be, you have a few options.
The Mortgage Guide for First-Time Buyers: The Next Chapter
posted on : 7/16/18
In the last article, a few of the introductory parts of the mortgage process were discussed. You learned what a mortgage is (a home property loan), what you need for approval (credit score/history and debt-to-income ratio), and the type of interest rate options (fixed or adjustable). In this next chapter, you'll learn some of the more involved parts of mortgage loans and what they require.
The Mortgage Guide for First-Time Buyers (Part One)
posted on : 6/22/18
If you've decided recently that it's time for you to get your own house, a place to call home, then you've undoubtedly considered mortgages.
Mortgages can be confusing and the terms of a loan can be equally complex. In fact, according to data collected in September 2016, more than half (59%) of homeowners stated that they wished they had a better understanding of the terms and conditions of their mortgage. So rather than jumping in head first and possibly getting yourself into something you don't fully understand, take a quick look at this beginner's guide to mortgages.
The Breakdown on Personal Loans: What You Can Use Them for, Types of Loans, and More
posted on : 5/16/18
When people think about loans, they often think about one or two types. Usually, someone thinks about a home loan and/or a car loan, and maybe sometimes a business loan. While these are all common loans that many people are familiar with, there are other types of loans that can be useful. Personal loans are available for people to use as well.
Different Types of Mortgage Loans That You Could Potentially Qualify For
posted on : 4/13/18
Whether you're looking for your first home or your third, the mortgage process never gets easy. As time goes on the amount of paperwork and eligibility requirements go up. If you think there are only one or two types of homeowner loans available, you'd be mistaken. There are multiple types of mortgage loans that you might be eligible for.
Fixer-Upper? Apply For a Home Improvement Loan
posted on : 3/12/18
So you've bought a "fixer-upper" and are looking to get started on some minor home improvements, but you didn't realize that 35% of remodels include the entire home. Or maybe you've lived in a house for 12 years and you're just trying to increase the value of your home. The first step is figuring out how to finance your project. Consider locating an institution that can provide you with a home improvement loan.
What Are The Advantages Of An FHA Loan?
FHA loans are mortgage loans insured by the Federal Housing Administration. Approximately 24% of homebuyers in 2017 reported using FHA loans, making them one of the most popular mortgage types.
FHA vs. VA Loans: Know Your Mortgage Options
For military families looking to buy a home, there are several options for financing. Two of the most popular are Veterans Home Loans and Federal Housing Administration Loans, also known as VA and FHA loans, which both offer comprehensive mortgages through a government program. While you might know that these types of loans are your top options, it's important to understand the differences between them. Depending on your needs, a mortgage company can help you choose the right financial path for you. To get you started in your decision making process, consider this guide to FHA and VA loans.