what to know about mortgage loans

7 Things to Know Before Getting a VA Loan. Home loans guaranteed by the Veterans Administration are a popular benefit of military service. Here are seven things you may not know about them but definitely should.

home equity loans with no equity Home Equity – Billings Federal Credit Union – home equity line of Credit. Billings federal credit union offers generous amounts up to 100% of the equity you have in your home. Our rates our competitive and the fees are nominal. Bring you plans to life when you finance with us. Use the equity in your home for: Debt consolidation – You may be able to keep more money in your pocket every month.

During the VA loan process, a VA-certified appraiser will use a checklist to ensure the structure meets MPRs. At a minimum, the home needs to be safe, sound, and sanitary with a good foundation.

The fact that home equity loans are making a comeback is one thing to know about them. but here are four other things you’ll need to know if you want one.

There are a wide variety of mortgage options out there. You may find that some of the most creative ones (like interest only, negative amortization, and adjustable rate mortgages) work best for you.These mortgages might work for self-employed individuals with unpredictable (but sufficient) income, real estate investors, and buyers with a specific plan that fits these loans.

If you are still paying on your mortgage, you likely have what is referred to as an impound account or escrow account. This account is set up by your mortgage lender as part of your loan paperwork. Each month, your mortgage lender collects required insurance payments (like homeowners insurance) and tax payments from you.

Physician Mortgage Loans: What You Need to Know – Financial. – Physician mortgage loans are physician home loans, or mortgage products, aimed at medical professionals who want to own a home before their income potential is fully realized – here’s everything you need to know about going that route.. When training to be a physician, it can feel like you’re stuck in a state of arrested development.

9 Things You Need to Know About Getting an Installment Loan – When life throws an unexpected emergency your way, getting an installment loan might be your only option. These are loans.

new home loans with no down payment A no down payment mortgage allows homebuyers to purchase a house without requiring any cash for a down payment. There are a few no down payment home loan programs, as well as several low down mortgage options available to borrowers in 2017. government mortgage programs with No Money Down

Here’s what you need to know to manage student loans – The average student loan debt is over $37,000, which has been steadily increasing. Carl Carlson, CEO of Carlson Financial said for many young grads, they have been taking out student loans as they go.

The upfront mortgage insurance premium: fha loans have a hefty upfront mortgage insurance premium equal to 1.75% of the loan amount. This is typically bundled into the loan amount and paid off throughout the life of the loan.