What Is a Bridge Loan? A bridge loan is a loan used for a short period of time while a person or company secures long term financing. They are typically used when a buyer needs cash immediately and does not have time to go through the traditional loan process. They usually have higher interest than…

This is one of the most asked questions when people begin to consider buying a home. The answer truly does vary depending on a number of things like location, type of home, how it’s listed and the list goes on, but the one thing you can do to make sure you know what kind of…

If you are considering purchasing a home, one of the first things you will need to consider is a down payment. The more money you have available for the down payment, the lower your mortgage payments will be. Each loan type has different requirements so you will have to discuss with a mortgage lender the…

Whether you are seeking extra cash because you are running low on funds, or maybe you want to put the cash back into your home for a construction project, there are several ways to access the equity in your home. Since there are several ways to go about this, we thought an overview would be…

If you are buying a home for the first time, you might be looking at ways to cut costs or save money as it does tend to be a pretty expensive process. One way some people choose to do this is to cut out anything that’s not necessary. In regard to the home inspection, you…

If you are thinking about selling or refinancing your home, you will need to get an appraisal to help determine the value of the home. During the appraisal, they will look at the size of the home, condition, as well as its amenities to help determine its value compared to other properties on the market…

If you have applied for a home loan and did not get approved, that doesn’t mean you are out of luck. There are plenty of reasons people don’t get qualified for a home loan; whether it be due to their current financial situation or credit history, and if you’ve been working at getting approved for…

A portfolio loan is fairly similar to the more popular types of loans available except the lender keeps the debt “in house” and earns interest on the loan versus it being serviced by another lender like a big bank such as Wells Fargo or Chase. Most portfolio loans are available from private lenders and are…

When it comes to finding a home you want to purchase, there are a lot of steps involved, especially those that pertain to your finances. Once you have secured funding for the home of your dreams, you might think all that is necessary is to sign some paperwork and the home is yours. But sometimes…