FHA 203k loans are a unique mortgage program that allows homeowners to finance the purchase and renovation of a property all in one loan. Checkout this video: The FHA 203k Loan Process The FHA 203k Loan program is designed to help borrowers finance the purchase of a home and the cost of its renovation or…
You can start your own loan company by following a few simple steps. First, you’ll need to obtain the proper licenses and permits. Next, you’ll need to find a good location for your business. Finally, you’ll need to build a strong team of employees. Checkout this video: The Basics of Starting a Loan Company You…
If you’re hoping to get approved for a USDA loan , there are a few things you can do to increase your chances of success. Read on to learn more. Checkout this video: Introduction The U.S. Department of Agriculture’s (USDA) Single Family Housing Guaranteed Loan Program (GUARANTEED) helps low- and moderate-income families obtain affordable, safe…
If you’re considering a conventional loan, you’re probably wondering how much you can borrow. Find out the maximum amount you can qualify for. Checkout this video: Mortgage Basics The maximum loan amount is the highest amount that a borrower is allowed to borrow under a conventional mortgage. A conventional mortgage is a loan that is…
Here’s everything you need to know about how to buy a car from a private seller with a loan. We’ll go over the process step-by-step so you can make the best decision for your needs. Checkout this video: Introduction If you’re considering purchasing a car from a private seller, you may be wondering if you…
How long is a loan pre approval good for? This is a common question we are asked and it’s one that doesn’t have a definitive answer. Checkout this video: Loan pre-approval Congratulations, you’ve been pre-approved for a loan. This means a lender has looked at your credit report and other information and decided you’re likely…
If you’re thinking about applying for a small business loan, you may be wondering what kind of information you’ll need to provide. In this blog post, we’ll go over some of the must-have items that you’ll need to get a small business loan. Checkout this video: Overview of small business loans There are many different…
If you’re thinking about taking out a home equity loan, you probably want to know how much you can borrow. Here’s a quick and easy guide to help you calculate a home equity loan. Checkout this video: Introduction There are several ways to calculate a home equity loan, but the most common method is to…
A student loan can be a great way to finance your education, but it’s important to know what you can use the loan for. Read on to learn more about what you can use a student loan for. Checkout this video: Introduction A student loan can be a great way to help pay for college…
You may have seen the term “capitalized interest” on your student loan documentation and wondered what it meant. Capitalized interest is the interest that is added to your loan balance when your lender defers or forbears payment on your loan. Checkout this video: What is capitalized interest? Capitalized interest is the interest that accrues on…