FHA mortgage insurance premiums (MIPs) can be somewhat confusing to home buyers. There are several factors that come into play when you’re trying to calculate how much you’ll be paying in MIPs on your FHA loan. In this article, we’ll take a look at the MIP rates for FHA loans in 2021 and how they…
A co-signer is someone who agrees to be held liable for a debt if the borrower defaults. In other words, if you can’t repay your loan, the co-signer will be required to do so. Checkout this video: Introduction A co-signer is someone who agrees to take on the legal responsibility of repaying a loan if…
The process of applying for a loan can take some time, but it doesn’t have to be complicated. Here’s a step-by-step guide to help you through the process. Checkout this video: Introduction Most people apply for a loan when they are buying a house or a car. The process of applying for and getting approved…
What does it mean to default on your student loans? Defaulting on your student loans has serious consequences that can affect your credit score and your ability to get future loans. If you’re having trouble making your student loan payments, talk to your loan servicer about your options. Checkout this video: Introduction Student loan default…
If you’re considering a home renovation, you may be wondering how a renovation loan works. Here’s a quick overview to help you understand the basics. Checkout this video: What is a Renovation Loan? A home renovation loan is a loan used to finance the costs associated with the renovation of a residential property. These loans…
The PPP loan application is a complicated process, but we’re here to help. In this blog post, we’ll walk you through how to fill out the PPP loan application step-by-step. Checkout this video: Get Your Documents in Order Applying for a PPP loan can be a bit of a process, but it doesn’t have to…
A construction home loan works by financing the construction of a home and, once complete, transitioning into a permanent mortgage. Loan Work?’ style=”display:none”>Checkout this video: The Different Types of Construction Home Loans Construction home loans are typically either Adjustable Rate Mortgages (ARMs) or short-term loans with maturity terms of one to three years. Borrowers typically…
If you’re looking to pay off your car loan faster, there are a few things you can do. Check out our tips and tricks to get started. Checkout this video: Introduction If you’re like most people, you probably want to pay off your car loan as soon as possible. Here are a few tips to…
Wondering how you can get a business loan? We’ve got you covered. Check out our blog post to learn everything you need to know about getting a business loan. Checkout this video: Introduction There are a few different ways that you can get a business loan. You can either go through a traditional lender, such…
If you’re thinking about getting a VA loan, you’re probably wondering how much it will cover. The answer depends on a few factors, but in general, you can expect to get funding for up to 100% of the appraised value of your home. Keep reading to learn more about VA loan coverage and what to…