Yes, OppLoans reports to the three major credit bureaus – Transunion, Experian, and Equifax – on a monthly basis. Opploans is an online lending solution that provides short-term installment loans to individuals with poor credit scores. It’s an attractive option for those who may not qualify for traditional bank loans, but still need access to … Read more
When you take out a loan, you are making an agreement with the lender that you will pay back the loan, with interest, over an agreed upon period of time. Most lenders will also add a clause stating that if you choose to pay off the loan early, they may require you to pay a … Read more
As a homeowner, it is essential to understand the mortgage servicer and subservicer that oversees your loan. Mr Cooper is an approved subservicer for Lakeview Loan Servicing, so it is important to become knowledgeable about their services and the benefits that they offer. This blog post will provide an overview of Mr Cooper and Lakeview … Read more
Do all home equity loans require an appraisal? In a word, yes. The lender requires an appraisal for home equity loans—no matter the type—to protect itself from the risk of default. If a borrower can’t make his monthly payment over the long-term, the lender wants to know it can recoup the cost of the loan. … Read more
Non-owner occupied mortgage rates are an important consideration for any investor looking to purchase an investment property. A non-owner occupied mortgage is a loan taken out for a property that is not the primary residence of the borrower. These mortgages are typically more expensive than a traditional mortgage due to the higher risk associated with … Read more
Are you interested in buying a boat but concerned about the financial implications? Many people are hesitant to purchase a boat due to the large cost of the vessel and the potential negative impacts on their credit score. Thankfully, there are boat loan options available that don’t require a credit check and have a pre-approval … Read more
As the housing market continues to expand, the Federal Housing Finance Agency (FHFA) is constantly making changes to keep up with the demand. In this blog, we will explore the current conventional 97 loan requirements for 2022 and how they affect potential borrowers. Conventional 97 loans are a popular form of mortgage financing offered to … Read more
Having bad credit can be a major obstacle when trying to purchase a home. With the rise of manufactured homes, many people are now searching for manufactured home loans for bad credit. These loans offer an alternative option to those who may not be able to qualify for a traditional mortgage due to a low … Read more
In most cases, no, however, there are a few exceptions to the rule. You can get a tax deductible interest on personal loans if you use the loan proceeds for business expenses, qualified education expenses, or eligible taxable investments. Personal loans can be incredibly useful financial tools in times of need. Whether you are seeking … Read more
When you’re getting ready to apply for a mortgage, understanding the credit bureau that mortgage lenders use is an important step in the process. Knowing which bureau your lender will access when evaluating your credit is important in order to make sure you are making all of the necessary preparations. In this blog post, we … Read more