Jumbo loan limits have been increasing in recent years, but what exactly is a jumbo loan and how do you know if you need one? Read on to find out. Checkout this video: Jumbo Loan Limits Jumbo loans are mortgages that are more expensive than the limit set by the Federal National Mortgage Association (FNMA)…
A loan guarantee is a type of insurance that protects the lender if the borrower defaults on the loan. Loan guarantees can be issued by the government, private companies, or other financial institutions. Checkout this video: Introduction A loan guarantee is a promise by a lending institution, such as a bank, to pay back a…
Applying for a construction loan can be a complicated and time-consuming process. This step-by-step guide will help you get through the process as quickly and smoothly as possible. Checkout this video: Research Your Lender Options When you’re ready to start researching lenders, ask for recommendations from family and friends, your real estate agent, or even…
Learn how to quickly pay off your loans without having to make any major changes to your lifestyle. You can do it! Checkout this video: Understand the Types of Loans You Have The first step to paying off your loans quickly is understanding the types of loans you have. There are two main types of…
Veterans and qualified active-duty personnel can apply for a VA loan. Find out if you qualify and how to apply for a VA loan. Checkout this video: Introduction The Department of Veterans Affairs’ (VA) home loan program helps service members, Veterans, and eligible surviving spouses become homeowners. Since its inception in 1944, the VA loan…
There are four main types of mortgage loans: fixed-rate, adjustable-rate, interest-only, and jumbo. Learn more about each loan type and see which one is right for you. Checkout this video: Introduction There are many different types of mortgage loan products available on the market today. In this guide, we’ll outline some of the most popular…
FHA loans are a popular choice for first-time homebuyers and those with limited resources or poor credit. But how much can you really afford with an FHA loan? Checkout this video: How Much Can I Afford with an FHA Loan? You may be wondering how much you can afford with an FHA loan. The answer…
Use this calculator to see how much money you can save by paying off your loan faster. Enter your loan information and see how much you could save! Checkout this video: Introduction If you want to pay off your loan faster, you need to find a way to make extra payments. You can do this…
A chattel loan is a type of loan that can be used to finance the purchase of a mobile home, boat, or other moveable property. Checkout this video: Chattel Loan Basics A chattel loan is a type of loan that is secured by a physical asset, such as a car, truck, or machinery. The physical…
You may be able to refinance your home loan as soon as you have equity in your home. Check out this blog post to learn more about when you can refinance your home loan. Checkout this video: When You Have Equity You can refinance as soon as you have equity in your home. Equity is…