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Can You Refinance a Home Equity Loan? Key Knowledge To Help You Choose

Can You Refinance a Home Equity Loan? Here’s Everything You Need to Know If you’re in desperate need of income and you’re sinking in debt, loan refinancing may be the lifeline that saves you. There are lots of loans you can refinance, but can you refinance a home equity loan? No matter how conscientious you think you’re being when it comes to managing your money, sometimes, life gets in the way. Whether you’ve had a medical emergency, a job loss, or another major event and are strapped with debt as a result, being desperate for additional income is never a Read More…

couple admiring new home financed by government grants for first time home buyers

Government Grants For First Time Home Buyers: Unique Value Realized

The Top Government Grants For First Time Home Buyers Do you have your eye on top government grants for first time home buyers but are unsure of the details? Well keep reading and we will bring you up to speed. Buying a home can seem like an impossible dream these days. Real estate is more expensive than ever, and it’s hard for people to save up the 20 percent necessary for a down payment. The good news is that you don’t necessarily have to take out a huge loan to purchase a home. Depending on your situation, you might qualify for Read More…

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How To Buy A Second Home: 5 Key Details You Need To Study Carefully

How To Buy A Second Home: Do’s and Don’ts Whether it’s a vacation property, a vacation home, or just a place for their elderly parents, nearly 10 million Americans have a second home. For the half of Americans who own their home, a second home could seem like twice the headache. If you don’t know how to buy a second home, you can bet it will be. Buying a second home involves saving the money to buy it. Most importantly, you also need to gain the knowledge of the housing market you plan to purchase. Getting to know the difference between an Read More…

house with green door and trim for fha loans for first time home buyers

FHA Loans For First Time Home Buyers: Amazing Opportunities Realized

A Guide To Obtain FHA Loans For First Time Home Buyers Many people have heard of FHA loans for first time home buyers but don’t really know what they are. That’s because these loans, while available to more than first time home buyers, are designed more specifically for first time home buyers. Hence, they’re not really advertised to those seeking home loans that often. But FHA loans for first time home buyers can be, and in many cases are, the ticket to owning a home for some people. The restrictions are not nearly as stringent as you’ll find with a Read More…

couple in front of for sale sign deciding to get a loan after foreclosure

Get A Loan After Foreclosure: It’s Absolutely Possible If You Do It Smart

Can You Get A Loan After Foreclosure? There’s some great news out there for those that have been asking themselves, can you get a loan after foreclosure. Property loan foreclosures in the United States dropped to a ten-year low back in 2016. The number of people forced off their property fell by 14 percent from 2015 and 70 percent from the peak in 2006. Even though loan foreclosures are less common, there are still plenty of people out there who lost their homes during the Great Recession who haven’t yet taken the plunge and purchased a new home. If you’re one of Read More…

Home Loans After Bankruptcy: 4 Key Facts You Need To Consider

4 Ways to Get Home Loans After Bankruptcy Facing bankruptcy? Uncertain about your financial future? Wondering if it’s even possible to find home loans after bankruptcy? Puzzled about how long do you have to wait to buy a house after chapter 7? It might seem like the end of the world but did you know you can still get a home loan after filing for bankruptcy? The number of bankruptcy filings is declining each year. Still, there are a lot of individual Americans who declare bankruptcy. Don’t fret; bankruptcy is not a punishment. Rather, it’s a way to start over and for Read More…

hands around a house showing how to prequalify for a home loan

How To Prequalify for a Home Loan: Essential Tips You Need To Know

3 Tips On How To Prequalify for a Home Loan Not sure if you know how to prequalify for a home loan? You’ve made the decision to dive into the world of home ownership. As a result, there is so much to learn and do, but the most important is securing financing. A housing loan differs from a typical personal loan and comes with additional responsibilities. Before you begin your search for the perfect home, you will want to look into getting pre-qualified. Moreover, this step will look at your finances and determine how much money you can borrow. Continue reading Read More…

calculator pen and new tax plan mortgage interest deduction legislation

New Tax Plan Mortgage Interest Deduction: Strategies You Need To Know

A Guide to the New Tax Plan Mortgage Interest Deduction Are you wondering how the new tax plan mortgage interest deduction will affect your mortgage? Traditionally, you were able to take deductions off of your mortgage interest. But with the new tax bill, this will change. You can still take this deduction — depending on the cost of your home. The change will come with the 2018 tax year (which is the year 2019). Experts haven’t predicted changes to the housing market, but the only thing they know for sure is taxes will increase. But as long as you claim your Read More…

calculator loan documents showing how to refinance a home equity loan

How to Refinance a Home Equity Loan Following These Easy Tips

Learn How to Refinance a Home Equity Loan Earlier this year, home equity hit 58 percent of home values, making this the highest year for home equity in the past decade. However, surprisingly, many people are avoiding refinancing their home equity loans. If you don’t know how to refinance a home equity loan, or even what it means to refinance a home equity loan, that might be holding you back. However, refinancing a loan can be a great way to put yourself in a more stable financial position in the future. We’ve put together this essential guide to help you understand Read More…

loan document describing what is a reverse mortgage loan

What Is A Reverse Mortgage Loan? Everything You Need To Know

What Is A Reverse Mortgage Loan? When it comes to managing your finances after retirement, there’s no one-size-fits-all approach. Due to the rising health and long-term care costs, more and more seniors are supplementing their income with a reverse mortgage loan. This is a great option for some people, but that doesn’t necessarily mean it’s a good call for you. If you’re on the fence, it’s important to do your research and understand the facts about what is a reverse mortgage loan. Here are some tips to help you out: The Basics of a Reverse Mortgage Loan So what is a reverse Read More…