If you dream of owning a house one day, you have probably realized that one of the biggest challenges is saving money for a down payment. You have already found your dream property, but then the lender asks you to put 20 percent down, which can be tens of thousands of dollars. Fortunately, there are alternative options available, and you may be able to purchase a home for no money down. VA Loans One option for qualifying borrowers is a VA loan. As the name suggests, this is a loan that is backed … [Read more...]
What You Need To Know About A VA Construction Loan
Do you plan on building your dream home? If you are a veteran, you may qualify for a VA construction loan. This could help you save a significant amount of money as you build your dream house, but it is important to understand the details. An Overview Of A VA Construction Loan In general, a VA construction loan has three separate parts. The first part is the cost to purchase the land, the second part is the cost to construct the home, and the third component is the bundle that gives you … [Read more...]
A Home Equity Loan Versus A HELOC
If you are looking for a quick source of cash, you may have been told that you can tap into the equity in your home. If you have at least 20 percent equity in your home, you can borrow against that equity at a relatively low interest rate for a quick source of funding. You might be deciding whether to apply for a home equity loan or a home equity line of credit, which is usually shortened to HELOC. Home Equity Loan A home equity loan is a loan that you will receive based on the equity you … [Read more...]
How To Successfully Use Your Down Payment to Achieve Your Home Buying Goals
When you are considering purchasing a home, understanding the lending guidelines regarding a down payment is important. Here are a few key tips to consider: Gifting of a Down Payment There are some programs that will allow you to use a gift for your home down payment. However, before you assume this, make sure you talk to your loan officer. Generally speaking, the lender will require the person making the gift to provide a letter stating the money was a gift and does not require repayment. … [Read more...]
- « Previous Page
- 1
- …
- 31
- 32
- 33
- 34
- 35
- …
- 129
- Next Page »
