• Benefits of home equity loan

    The first thing we should know about this type of credit is that they require owning a house, an apartment or a premises, since it will be what acts as a guarantee of payment. The fact that there is a property involved is what allows access to high loan amounts. The problem, on the other hand, is that in the event of non-payment, the lender would keep the house as property to collect the outstanding debt. For this reason, it is always recommended that...
  • Benefits of HELOC

    If you are thinking about getting a HELOC or home equity line of credit, you should know the pros and cons and the comparison as it relates to other loan products. Below is a brief summary of some of the benefits that you should expect with a home equity line of credit. Closing Costs Home equity lines of credit have lower closing cost than other loans. In some cases, the borrower does not have to pay a closing cost because they are waived by...
  • Finding the best VA home loans

    The best VA lenders go out of their way to offer borrowers dependably low interest rates, satisfactory service and several perks such as no down payment, no mortgage insurance or lower interest rates. Below are some of the best VA lenders and what they offer. Navy Federal Credit Union This lender offers very low interest rates; as low as 3.56 percent in 2019. The average loan is 30 years and the minimum credit score is 580. On average, the Navy Federal Credit Union received...
  • What documents are needed for VA Home Loan?

    If you want to know if you qualify for a VA Home Loan, you should speak to a VA lender, but as long as you meet certain document requirements, which were put in place by the Department of Veterans Affairs, you should be OK. However, one of the most important documents to have is the Certificate of Eligibility known as COE and you must also satisfy credit history and income verification requested by the lender. The Veteran Service Requirement There are some other requirements...