Use this VA Loan Calculator to help you determine how much you can afford. By inputting your monthly obligations and income, we can help you calculate a comfortable monthly loan payment. Checkout this video: How to Use the VA Loan Calculator Veterans and active duty military members have access to unique home loan benefits. One…
You may be able to lower your car payments by refinancing your car loan . How does car loan refinancing work? Read on to learn more. Checkout this video: Introduction Car loan refinancing is when you replace your current car loan with a new one, usually from a different lender. Refinancing can help you lower…
FHA loans are a popular choice for many home buyers, but what is the minimum down payment for an FHA loan? Read on to learn more. Checkout this video: FHA Basics FHA-backed loans are available to any borrower with a credit score of 580 or higher. If your credit score is between 500 and 579,…
A fully amortized loan is a type of loan where the borrower pays back the loan in equal installments over the life of the loan. The payments are spread out evenly and include both principal and interest. Checkout this video: Introduction A fully amortized loan is a loan where the principal and interest are paid…
A bank statement loan is a type of loan that is given to self-employed individuals based on their bank statements. This type of loan is given to people who may not have the traditional forms of income verification, such as W-2s or pay stubs. Checkout this video: What is a bank statement loan? A bank…
If you’re looking to pay off your car loan quicker, there are a few things you can do. Check out our tips and see how you can save money and pay off your loan faster. Checkout this video: Review your loan agreement It’s important to thoroughly understand your loan agreement before you get started. Review…
How Much Down Payment Do You Need for a Land Loan? When you purchase land, the down payment is usually 20% of the total loan amount. Checkout this video: The Importance of a Down Payment When you purchase land, you may be required to make a down payment. The down payment is the amount of…
FHA loans are a popular choice for first-time homebuyers and people with limited budgets. But what credit score do you need to qualify for an FHA loan? Checkout this video: Understanding FHA Loans FHA loans are a type of home loan that is insured by the Federal Housing Administration (FHA). The FHA is not a…
If you’re getting a mortgage, you may be wondering which type of loan will require a HUD-1 instead of a Closing Disclosure. Here’s what you need to know. Checkout this video: Introduction home purchase, you will receive two documents at closing: a HUD-1 Settlement Statement and a final Truth-in-Lending Disclosure Statement. The HUD-1 will list…
The Home Affordable Refinance Program (HARP) is a federal government initiative designed to help struggling homeowners refinance their mortgages. If you are current on your mortgage but your home has lost value, you may be eligible for a HARP loan. Checkout this video: What is a HARP Loan? The Home Affordable Refinance Program (HARP) is…