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VA Home Loans VA home loans, like FHA loans, are insured by the federal government through the Veterans Administration, allowing eligible men and women who served in the military to take advantage of low interest rates and little to no down payments on loans. Apply online today to contact up to four lenders about your VA home loan. 1 2 3 4 5 6 7 8 9
Bad Credit Refinance Whether or not to refinance is a question that borrowers ponder almost throughout the life of their loan. If you have bad credit, you may be wondering if going through the process is worthwhile. You may even be thinking of refinancing as a way to consolidate debt and wondering if that would be an effective way to help your credit. Refinancing can be an excellent way to find a loan with better terms or to consolidate debt. Apply online today to contact up to four lenders about bad credit refinancing. 1 2 3 4 5 6 7 8 9
Home Equity Home equity is the amount of the value of your home that you own, meaning what you have already paid for. This amount can be calculated by subtracting your mortgage from the total market value of your home. For example a house worth $180,000 with a $100,000 mortgage has an equity of $80,000. Generally, lenders will allow a homeowner to borrow 80-85% of their home equity. Fill out our short form to contact lenders about your home equity loan. Alternatively, a secured home equity loans application can be found here. 1 2 3 4 5 6 7 8 9
Land Loan Land loans are consistently perceived to be of greater risks by lenders. The lenders require great detail about the proposed home that will be built because they want to be sure that the sale price of the home where it will be located isn’t less than the original loan amount. For this reason, lending institutions that are far away geographically from the land lot will often not make the loan on the basis of knowing very little about the property and the property values of the surrounding area. 1 2 3 4 5 6 7 8 9
Mortgage Calculation Use mortgage calculation to make sure that the loan you obtain is in action what it appears to be on paper. Use our mortgage calculator to research your terms or apply online to contact lenders about your new mortgage. 1 2 3 4 5 6 7 8 9
Mortgages Online The best way to find the right mortgage is to know yourself and know your credit. Getting a copy of your credit report is an excellent way to start. This way you can know if your credit has improved or if it has gained a few blemishes. Also, it will give you a chance to see if there are any mistakes on your report that could damage your chances of finding the right mortgage and allow you time to have these mistakes removed. Knowing your credit will help you to have realistic goals while shopping for your mortgage. 1 2 3 4 5 6 7 8 9
Reverse Mortgage Once the borrowing period has ended, which does not occur during the life of the homeowner unless he or she decides to sell, the home does not necessarily have to be sold. The homeowner’s heirs can take out a regular mortgage in order to keep the home. Also, if the house is sold and the selling price does not cover the amount of the loan, the loss is covered by insurance, and not through the borrower’s estate.
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