Tag Archive: 'loan'
If you are financing a house purchase with a mortgage, one of the biggest decisions you need to make is choosing between a 15- and a 30-year mortgage. Surveys suggest that most of the loan applicants go with the longer term. Both mortgage terms have their pros and cons. A 15-year mortgage has higher monthly […]
Mortgage discrimination is illegal. This is crucial information that you should know if you’re planning on applying for a home loan to purchase, refinance, or renovate a house. Fortunately, two federal statutes — the Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) — offer ample protections against mortgage discrimination. Discrimination takes on many […]
Have you been passing up the chance to purchase homes that need repairs simply because you don’t have the funds to renovate them? According to Primary Residential Mortgage, Inc., FHA just might have a solution for your dilemma—the streamlined FHA 203k Loan Program, a streamlined version of the 203k program. How Exactly Does the FHA […]
Shopping for a home without a pre-approval? Stop. While it’s fun to go around picking your dream home, going about it without a pre-approved mortgage can be disheartening in the end. According to Mortgage Ogden, you should secure a pre-approved loan before you go property hunting. By doing so, not only will you know your real […]
There will always come a time when you will need all the extra help you can get. This is especially true if it’s financial in nature; applying for a loan becomes the immediate solution. But, only a few people know that understanding personal loan interest rates is always a tricky business. No matter the promise, you cannot […]