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Minnesota Rural Development Loan
The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. Basics of the USDA Mortgage USDA […]
Pros and Cons of a Homeowner’s Association
Dive into some of the advantages and disadvantages of a homeowner association and give you information to help you make a good decision for your next home purchase.
Illinois USDA Rural Development Loan
2024 Illinois USDA Loan Illinois residents who are looking for a way to buy a home with no down payment should take a hard look at the Rural Development Loan (USDA loan for short). This mortgage is an excellent way for first-time home buyers in Illinois to save money on the acquisition cost and get a competitive fixed interest […]
Why is Dual Agency in Real Estate Bad
Dual agency in real estate transactions should be avoided at all costs. A buyer and the seller hire a real estate agent for guidance and expertise. When you agree to a dual agent, you give up what you want from an agent.
Refinance Mortgage
Homeowners often get a ton of information from various sources about refinancing. Because there are many types of refinances it can be a bit confusing when trying to compare the different loans. This article will serve as a basic guide to explain a refinance mortgage and why a person would consider this financial move. Basics […]
USDA Rural Housing Income Limits
A USDA loan is a great way to buy a house. The ability to borrow up to the home’s value at interest rates that are competitive with FHA and conventional loans makes this a great option for first-time home buyers. There are also new USDA income limits that make the USDA mortgage even better in […]
FHA Loan vs Conventional Mortgage: What’s The Difference
The following will compare an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight the strengths of each mortgage.
How To Use Credit Cards To Build Credit
When used wisely, using a credit card to build credit can be a great way to increase a person’s credit score.
Jumbo Mortgage
There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]