An “arm loan” is a type of mortgage loan that has a variable interest rate. This means that your monthly payments can go up or down, depending on changes in the market. Checkout this video: Introduction An “arm loan” is a mortgage where the interest rate may change (adjust) over the life of the loan….
While getting a rehab loan may seem like a daunting task, it doesn’t have to be. Check out our easy-to-follow guide on how to get a rehab loan and make your dream home a reality. Checkout this video: Introduction A rehab loan is a loan used to finance the purchase and repairs of a property….
How much construction loan can I afford? This is a question we get a lot here at A&M Mortgage. And the answer is, it depends on a number of factors. Checkout this video: How the Loan Process Works Construction loans are short-term loans that are used to finance the construction of a new home. The…
You may be surprised to learn that there are a few different types of student loan ownership. We’ll break down who owns your student loan, and how it might affect your repayment options. Checkout this video: Introduction Private student loans are made by banks, credit unions, state agencies, and schools. Your loan might be owned…
You may have heard that you need good credit to qualify for a VA loan. But what is a good credit score for a VA loan? We’ll tell you what you need to know. Checkout this video: Introduction In order to qualify for a VA loan, there are certain eligibility requirements for both honorable discharge…
If you’re looking to take out a VA loan, you might be wondering what the minimum credit score is. Here’s what you need to know. Checkout this video: Introduction If you’re a veteran or active duty service member, you may be eligible for a VA loan. VA loans are government-backed loans available to help veterans…
A Loan Estimate is a three-page form that you receive after applying for a mortgage. It includes important details about the estimated loan amount, monthly payments, interest rate, and closing costs. Checkout this video: Introduction You should receive a Loan Estimate within 3 business days of applying for a mortgage. The Loan Estimate tells you…
If you’re stuck in a payday loan nightmare, don’t despair. There are ways to get out of it. Follow these tips and you’ll be on your way to financial freedom. Checkout this video: Understand the Consequences If you’re considering taking out a payday loan, understand the consequences first. Payday loans are short-term, high-interest loans that…
A commercial loan is a loan that is given to a business rather than an individual. This type of loan is typically used to finance a specific business venture or expansion. Commercial loans are usually given by banks or other financial institutions. Checkout this video: What is a commercial loan? A commercial loan is a…
When it comes to home loans, your interest is calculated based on a number of factors. In this blog post, we’ll explore how home loan interest is calculated so that you can make more informed decisions about your mortgage. Checkout this video: Home Loan Interest Basics Home loan interest is calculated based on the amount…