COVID-19 mortgage modification programs were, and still are, a valuable lifeline for individuals who found their income disrupted by the COVID pandemic. The modification program allowed many homeowners to put their loans into forbearance. A loan forbearance permits you to temporarily stop making or reduce the amount of your mortgage payments. If your COVID mortgage medication is ending soon, here are a few things you should know. 1. Your Options for Catching Up on Your Mortgage Depend on Your Lender
30 September 2021
While the responsibility for checking your legibility for a VA loan rests with the Veterans Affairs office, it is possible to know the facts that can help you earn the loan. As a government-backed mortgage program, VA loans can help active-duty soldiers, veterans, and their spouses. Many soldiers use this loan to buy houses, and it is advisable to consider applying for one. The following will highlight some unique features of VA loans, demonstrating why they are a good alternative for financing your home.
25 August 2021
When purchasing property on a mortgage, the need to work with a mortgage broker cannot be overemphasized. This expert acts as a go-between for mortgage lending institutions such as banks and mortgage borrowers. With their help, you will find a reliable mortgage lender near you, ensuring you acquire your dream property. Whether it is your first time borrowing or you have done it before, here are reasons to work with a mortgage broker.
26 July 2021
Are you looking to flip a piece of real estate after renovating it, but you have found you need extra funds to get the job done? Do you need extra cash for an emergency but have a few potholes on your credit report that might cause you to get denied through traditional lenders? There are also plenty of other good reasons to consider working with a local hard money lender. A hard money loan is a bit different than the type of loan you might get through a traditional bank.
2 July 2021
Every person who gets a mortgage acquires a unique one. Each is different by type, size, duration, and payment amount, and one question you might have is whether you should choose a 15 or 30-year loan. Both options work well in some situations, but here are some details to consider before choosing one when getting a home mortgage. Compare the Interest Rates One thing you might notice when comparing these options is the difference between the interest rates.
19 May 2021
Are you feeling a bit overwhelmed when it comes to all the different types of mortgages that you can get? If so, it will help to break down the four types of mortgages to help you make an informed decision. 1. Conventional Loan A conventional mortgage is a very common type of mortgage product but it has more strict requirements when it comes to credit scores, employment history, and higher down payment.
19 April 2021
Have you been tempted to refinance your home due to how low interest rates currently are? If so, it will help to ask yourself the following 4 things to determine if a home refinance is worth it. How Much Will Your Interest Rate Drop? It is not always worth getting a refinance just because interest rates are slightly lower. The reduction in interest rate must be significant enough to justify going through the refinancing process and starting your mortgage over again.
3 March 2021
A crucial part of the home buying process is securing your financing with a mortgage. However, there are mistakes that people make that can cause this part of the process to not go as expected. Here are some of the mistakes you should avoid making when getting a mortgage. Waiting To Get Pre-approved Many people don't think that they need to get a mortgage pre-approval if they are just casually browsing.
22 January 2021
If you ever encounter a time when you need cash that you do not have, you can apply for a loan. People apply for loans for various reasons, and they often seek installment loans. If you are unfamiliar with installment loans, you might have some questions. For example, what is an installment loan? Why do people get them, and how do they work? Here are some answers you might want to know before applying for an installment loan.
8 December 2020
If you get arrested, you are not yet guilty of the crime. You must go through a legal process to determine the case's verdict, and this process takes time. When you get arrested, the police will book you into jail. After that, the police will take you to court for an arraignment hearing. If you do not understand what this is, it might be helpful to learn. Here are several vital things to understand about an arraignment hearing after an arrest.
5 November 2020