What is a Loan-to-Value Ratio?
The LTV (loan-to-value) ratio is a financial measure that compares the size of the home loan to the value of an asset purchased with the loan's proceeds. Financial companies and…
The LTV (loan-to-value) ratio is a financial measure that compares the size of the home loan to the value of an asset purchased with the loan's proceeds. Financial companies and…
7 Ways to Borrow When Retired Many retirees believe that they can't obtain a loan (car, house, or emergency) because they no longer receive a salary. Although it may be…
Rate of Interest Reduction Refinance Mortgage Loan (IRRRL) The rate of interest reduction refinance mortgage loan (IRRRL) is a home mortgage provided by the United States Department of Veterans Affairs…
What Is a USDA Home Loan? USDA loans are low-interest mortgages and house renovation loans that low-income rural and suburban homeowners can get without a down payment. Issued through the United…
How Long Does Mortgage Preapproval Letter Last? When the lender issues a preapproval letter for a mortgage, the document infers its validity for a specific period. Most creditors provide approvals…
How to Change the Title of Your Home When you purchase a house, you own the title, which signifies buyers have both the liabilities and legal rights to that estate.…
Where Should You Save Your Down Payment Money? Saving for an initial deposit or down payment on a house takes time. And while building your credit, you have many options…
Four Simple Habits That Build Good Credit Score A good credit report or rating doesn't happen by accident, and it's not about manipulating the systems. So, an exceptional credit score…
How Much Does Refinancing a Mortgage Cost Some homeowners refinance their mortgages when lenders' interest rates reach record lows; you might wonder if it’s worth it. Although refinancing would reduce…
What's the Lowest Mortgage Loan Amount You Can Get? Finding a small mortgage home loan can be a daunting task. Many lending institutions disclose the maximum available mortgage amount but…