A VA loan is a specific kind of mortgage loan made available by the Department of Veterans Affairs (VA). It was previously known as the Veterans Administration. The VA provides eligible service members, veterans, and surviving spouses with assistance in purchasing a property. VA loans are provided by private lenders such as mortgage firms or…
Mortgage lenders and insurance providers often screen out people with a history of paying late or unreliability. The reason for that is because they are in the business of limiting the amount of risk they take when loaning someone money. And those who have a bad payment history pose a more significant risk to lenders.…
Buying a house is a complex and time-consuming thing to do. Getting a mortgage loan requires you to be both responsible and committed. A big part of getting a mortgage is the underwriting process. Underwriting exists not only in mortgage loans but also in other loans and insurance. This process is when the lender evaluates…
A limited liability company, also known as an LLC, is a business structure that protects its owners from personal responsibility for its debts or other liabilities. An LLC is a formal partnership arrangement that requires articles of information to be filed with the state. Because LLC owners/investors are protected from personal responsibility for debts and…
It is impossible to predict what the future may hold when you get a mortgage and buy a new home. If you live in that home for a few years or several decades, your circumstances will almost certainly change. For instance, you may get married (or remarried) and want to live with your new spouse…