Camilla Bartell When it comes to investing in a swimming pool, the last thing you want to do is take a financial gamble. But with so many financers and lenders out there, how do you know which one to choose? Finding the right loan can make all the difference in the swimming pool investment experience. That’s why … Read more
For standard employment income, the lender will generally review the previous two years W2’s and most recent 30 days of pay stubs to help guide in what income can be used for qualifying. When applying for a mortgage, it is important to understand how many pay stubs you will need to provide as part of … Read more
Having a balloon mortgage due and not being able to refinance can be a stressful situation for homeowners. On a balloon mortgage, a large principal payment is due at the end of the loan term, and if homeowners are unable to refinance, they may have difficulty meeting the payment. This can be a major source … Read more
Are you looking to take out an auto loan but are uncertain about what Capital One’s deferment policy looks like and what it means for you? Understanding the deferment policy of any loan provider is an important step in the loan process. Capital One offers customers the ability to defer their loan payment if they … Read more
Reverse Mortgage Pros Helps Secure Your Retirement. … You Can Stay in Your Home. … You’ll Pay Off Your Existing Home Loan. … You Won’t Have Tax Liability. … You’re Protected If the Balance Exceeds Your Home’s Value. … You Could Lose Your Home to Foreclosure. … Your Heirs Could Inherit Less. … It’s Not … Read more
Peer-to-peer (P2P) loans offer an alternative avenue for those with bad credit to receive financing. With this type of loan, borrowers are matched with a lender who is willing to take the risk and lend a lump sum of money. P2P loans provide an alternative to the traditional banking system and provide a faster, more … Read more
Married couples considering a joint mortgage application should consider their individual credit scores and the potential impact on their overall chance of approval. It’s important for couples to understand the importance of their credit scores when it comes to securing a mortgage. Your individual credit scores can certainly have an effect on the overall decision … Read more
When a nation enters a recession, that means there’s been a serious drop in economic activity. That typically translates into economic struggles for many, including job losses or reduced income. But bills—including your mortgage payment—will continue to come due, and you’ll still be responsible for paying them. Mar 16, 2021 The global economy is a … Read more
When it comes to owning your own home, many people choose to construct their custom home from the ground up. It can be a daunting task, but with the Wells Fargo Owner Builder Construction Loans, you can make your home-building dreams a reality. With these loans, you can take control of the process and have … Read more
See if your loan has cosigner release If the conditions are met, the lender will remove the cosigner from the loan. The lender may require two years of on-time payments, for example. If that’s the case, after the 24th consecutive month of payments, there’d be an opportunity to get the cosigner off the loan. Dec … Read more