When a couple or family is seeking to move to a new home, they may consider financing options that allow them to create a time gap between the sale of their old home and the purchase of their new one. A “bridge loan” mortgage is designed precisely for cases like this. Like any type of […]
What Is A Secured Home Loan?
Buying your first home can be incredibly exciting, but that excitement does not come without a fair amount of financial stress, as the majority of people will need a loan when buying a home. It can be tough to know every type of loan available to you, and what sets one loan apart from another. […]
How Bridge Loans Work to Finance Housing Transitions
It can be difficult to buy a new home when you already own one and are still carrying a mortgage. You will not be able to qualify for a new loan until you have successfully sold your current home. However, you likely do not want to sell your home and move into a living situation […]
How Many FHA Loans Can You Have?
Created in the 1930’s in response to the depression-era rash of foreclosures, the FHA mortgage loan has been used to finance the purchase of American homes for nearly 100 years. An FHA loan is a mortgage insured by the Federal Housing Administration, (FHA) is still among the most popular and convenient ways to finance the […]
How Long Does It Take to Get A Second Mortgage?
Owning a home can get expensive. It’s not just the initial cost that most people find weighing heavy on the budget, but the ongoing maintenance to keep the home running in top shape. Sometimes, the best way to keep your home in good condition is to renovate and improve certain areas of the home. Furniture, […]
