If you are thinking about purchasing a new home, you might not be in a position to purchase a home with cash alone. Fortunately, you do not need to save up hundreds of thousands of dollars to qualify for a house. There are plenty of loan options available, but every buyer is in a different Read More…
Author: Bill Lyons
What Credit Score Is Needed For First-time Home Buyers In 2022?
Are you interested in purchasing a new home in the near future? You might be buying a home for the first time, which is why you need to think carefully about your credit score. It is one of the most important factors that will dictate whether you qualify for a home loan. Regardless of whether Read More…
How To Get The Best Home Loans For Bad Credit
Having bad credit doesn’t always mean that you won’t be able to get a mortgage or home equity loan, although it does complicate your efforts. There are ways for you to get the funding you need to buy or borrow against the equity of your home even when your credit rating isn’t great. The following Read More…
How To Get a VA Home Loan With Bad Credit
Wondering if you can get a VA home loan with bad credit? The answer is Yes. Active-duty service members and veterans who have a bumpy credit history usually find it easier than they expected to get approved for a VA home loan, even with bad credit. The U.S. Department of Veterans Affairs recognizes that many Read More…
How Much is the Average Down Payment on a House?
If you are thinking about purchasing a house, there are a lot of steps you need to complete. One of the most important steps is to accumulate a down payment. A down payment is the amount of money that you have to put towards the principal value of the house at closing. Learn more about Read More…
Types of Home Loans
If you are interested in purchasing a home, there is a good chance that you will have to take out a mortgage. Not a lot of people can purchase a home with cash, but thankfully there are multiple types of mortgage loans to choose from. It is important to think about the different types of Read More…
HELOC vs Home Equity Loan Explained
A HELOC and a home equity loan are both secured by the equity in your home. The main difference between a HELOC and a home equity loan comes down to how you get and use the money. A HELOC loan is akin to a credit card in that it’s a line of credit supported by Read More…
DSCR Formula and Calculation
“No tax returns needed! No income verification! Use your rental income to finance your investment properties!” Have you seen ads promising easy funding from DSCR loans? In truth, there is nothing magical about the DSCR (debt-service coverage ratio). But it’s an important measure of the financial stability of a real estate investment project and your Read More…
How to Apply and Qualify for the First Time Home Buyer Grant
If you are interested in purchasing a house for the first time, you have probably realized that there are a lot of hoops that you have to jump through. Even though it can look like a significant challenge to purchase a house on your own for the first time, there are tools that you can Read More…
Earnest Money
If you are interested in purchasing property, you may have to take out a loan. There are different types of loans available, including FHA loans, investment property loans, and even a VA home loan. At the same time, before you can purchase the house, you may be required to place an earnest money deposit. If Read More…
