A “lot loan” typically refers to a type of loan that is used to purchase a piece of land or a vacant lot. A lot loan is different from traditional home mortgages, which are used to buy homes that include structures. Lot loans are specifically designed for the purchase of land that doesn’t yet have…

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Student loans can have an impact on your ability to get a mortgage, but the exact impact depends on various factors including the amount of your student loan debt, your income, your credit score, and the lender’s policies. Here’s how student loans can potentially affect your mortgage application: Debt-to-Income Ratio (DTI): Mortgage lenders look at…

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Are you thinking about purchasing your own property with the intention of either renting it out or selling it? Investing in a property can be an excellent source of additional income, and investment property loans can help a borrower finance the purchase of a home for the purpose of renovating it, then renting it out…

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If you currently have a significant amount of debt and you own your current residence, you may be looking for some ways to reduce the overall amount of money that you owe. One solution to managing your debt while also lowering your monthly mortgage payments at the same time is refinancing your mortgage for a…

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If you are a retired homeowner interested in gaining some supplemental income or purchasing a different property, you may want to consider a reverse mortgage. A reverse mortgage is a loan that is taken out of the equity that you already have in your home. There are many factors to consider when applying for a…

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If you are interested in purchasing a home in the area of northeastern Florida, you have probably noticed that the current housing market is challenging and competitive. High housing prices and a limited amount of available housing are some of the factors contributing to the state of the market. Despite the current challenges, it is…

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The real estate market in Jacksonville, Florida, has been thriving recently with many homes being built and sold, more investments being made, rents increasing, and new property options becoming more and more available. If you are interested in either buying or selling a home in northeast Florida, and have questions about the latest real estate…

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The housing market has rebounded strongly since the pandemic, and even with recent increases to interest rates this year, the housing market remains steady and people continue to buy up more homes. This has led many to wonder if they should purchase a home immediately, or wait to see if the market comes down. If…

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As home prices continue to rise in the United States, many wonder if there will be an eventual housing market crash similar to the one that occurred during the great recession in the mid 2000’s. Many people that are interested in purchasing a home are not sure if they should buy now, or wait for…

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Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting Joint Measures from Consumer Credit Reporting Agencies Remove Nearly 70% of Medical Collection Debt Tradelines from Consumer Credit Reports. Effective July 1, 2022, paid medical collection debt will no longer be included on consumer credit reports. In addition, the time period…

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