How can a veteran with bad credit get a home loan?

How can a veteran with bad credit get a home loan?

A veteran can easily get a home loan with bad credit. The U.S. Department of Veterans Affairs understands that many veterans experience financial difficulties that regular civilian homebuyers do not. That is why, there are VA loans to help retired active-duty...

What is the 2023 mortgage interest tax deduction?

What is the 2023 mortgage interest tax deduction?

The 2023 mortgage interest tax deduction is a form of tax incentive intended for eligible homeowners. Owning a home can sometimes be quite beneficial and this tax deduction on the mortgage interest rate is just one of those many perks. Basically, with the help...

Can I pay my mortgage with a credit card?

Can I pay my mortgage with a credit card?

Yes, you can pay your mortgage with a credit card. While you can use credit cards for mortgage payments, it's not always easy since oftentimes, mortgage providers do not accept direct credit card payments for payment of the mortgage or closing costs, or credit...

What is equity in a house?

What is equity in a house?

The difference between the amount of mortgage loan owed and the value of your home is the equity in a house. For example, if the amount of outstanding balance you owe on your mortgage loan is $130,000 and the value of your house is $180,000, the equity is...

How long can a house be under contract?

How long can a house be under contract?

The terms of the offer and the related clauses in the purchase contract may determine how long a home seller has to accept an offer. Most agreements include a time frame, and some states also have established deadlines.It normally takes 30-45 days to close on a...

Second home down payment requirement

Second home down payment requirement

Second Home Down Payment Requirements The second home down payment requirement is usually stricter than your primary mortgage. You might need a second home as an investment or vacation. Either way, lenders charge a large down payment because lending money for a second...

Guarantor vs Co-signer

Guarantor vs Co-signer

What's The Difference Between A Guarantor And A Co-Signer? The difference between a guarantor and a co-signer is that the guarantor can be a third-party company or a person that does not live with the primary borrower or renter. The primary borrower or renter can have...

What do Mortgage Originators do?

What do Mortgage Originators do?

What do Mortgage Originators do? Mortgage loan originators support borrowers during the loan application and closing processes. A few examples of what this involves include collecting your credit and financial data, determining your needs and the best loan options,...

What are Bi-Weekly Mortgage Payments?

What are Bi-Weekly Mortgage Payments?

What are Bi-Weekly Mortgage Payments? A mortgage option known as a biweekly mortgage enables the borrower to make payments every two weeks as opposed to once each month. With a biweekly mortgage, the borrower makes 26 half payments every two weeks. This significantly...

What is Mortgage Insurance in South Carolina?

What is Mortgage Insurance in South Carolina?

What is Mortgage Insurance in South Carolina? Mortgage insurance can be required if you take out a traditional mortgage loan in South Carolina. This insurance, also known as PMI for short, protects the lender against suffering a loss in the event that you default on...

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