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Mortgages Feb 13, 2024 By Susan KellyWhat Is the VA Funding Fee? A Guide for Veterans?
The VA Funding Fee is a one-time fee that veterans pay when they take out a home loan using their VA benefits. The cost of the fee varies depending on eligibility status and loan type; for first-time use loans, it typically ranges from 1.25% - 3.3%.
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Mortgages Feb 03, 2024 By Susan KellyAll About Interest Rate Trends for Card, Auto, and Mortgage Loans
Since the Federal Reserve began monitoring it, interest rates on 72-month new auto loans have remained below 6%, reaching a high of 5.63% in the fourth quarter of 2018. For two straight quarters in 2016, the rate stayed at 4.08%. The average interest rate for a 72-month loan on a brand-new vehicle is 5.19% as of the second quarter of 2022
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Mortgages Jan 09, 2024 By Susan KellyA Quick Guide To Raising Your Credit Score
Your credit score is one possible indicator of your financial health. It's easy for creditors to tell if you're a responsible borrower. The easier it is to obtain credit approval, the higher your credit score has to be. The advantages of a good credit score include qualifying for lower interest rates on loans and financing options
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Mortgages Dec 24, 2023 By Triston MartinDebt Consolidation vs. Bankruptcy: How to Decide?
When faced with losses and mounting debt, an individual goes through various financial options. Debt consolidation and filing for bankruptcy are probably the most common ones. In this article, we dissect this aspect and present the pros and cons of both processes.
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Mortgages Dec 05, 2023 By Susan KellyAn In-Depth Explanation Of How House Deeds Work
A house deed evidences the transfer of property ownership. It establishes rights and specifies the owner's duties and privileges. Home deeds are essential in the buying, selling, and transferring property.
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Mortgages Nov 22, 2023 By Susan KellyHow to Buy a House with Multiple Owners?
Buying a house with multiple owners is an intricate and potentially complicated process. It is important to properly research and understand the legal arrangement of the sale, as well as the local real estate laws and regulations.
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Mortgages Oct 20, 2023 By Susan KellyWhat Makes a Good Realtor
Find out what qualities make up a great realtor and how to choose one for you. With this guide, your house hunt will be stress-free and successful!
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Mortgages Oct 18, 2023 By Susan KellyHow Well Do You Understand Mortgage Recasting?
Many people use mortgages to help fund significant home investments. Although getting a mortgage is expected, the costs that come with it can be challenging to handle. Mortgage recasting is an option that can help homeowners save money and reduce some of the financial burdens associated with being a homeowner.
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Mortgages Oct 11, 2023 By Susan KellyNo-Doc Mortgage Loans and Self-Employed Home Loans: A Path to Homeownership
Learn about No-Doc Mortgage Loans and Self-Employed Home Loans in this informative article. You will also discover how these options can help you achieve your dream of owning a home.
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Mortgages Oct 06, 2023 By Susan KellyWhat is the Average Down Payment on House
Learn about the factors that influence the average down payment on a house, what’s typically expected for different situations, and how to get started with budgeting for your home purchase. Get all the info you need here!