Clara Rhodes

  • How Are Mortgage Brokers Different From Loan Officers?

    If you're looking for a mortgage, there are several different people you can go to, including mortgage brokers and loan officers. How are they different, and which one is right for you? What Is a Loan Officer? A loan officer helps people apply for mortgages by helping them understand what kind of loans they qualify for. Loan officers must know about different kinds of loans, banking laws, and how to document applications.
    [Read More]

  • Is A VA Home Loan The Right Choice For You?

    When you start thinking about buying a house, you might want to begin by working on getting a mortgage loan. How do you know which type to use with all the different loan programs available? Many people decide to use VA loans, as these offer many benefits. Is this the right option for you? Here are three steps you can take to determine the answer to this question. Step One: Make Sure You Qualify
    [Read More]

  • What's The Best Type Of Mortgage For Me?

    When you finally decide to purchase your dream home, one of the top questions on your mind will be 'which type of mortgage is best for me?' Unfortunately, this question doesn't have a specific answer. You see, what worked for a previous home buyer may not work best for you. It's advisable to go through all the mortgage loan options to see which one appeals to you the most. Also, here are three main factors you can consider to ensure the decision you make is the best.
    [Read More]

  • Helpful Guide To Assist You Through The Purchase Of Your First Home

    When you think about buying a home, you might look at neighborhoods you may want to buy in and the type of home floor plan and design you want. However, there are some essential ideas you need to evaluate first and to help you better understand the process before you go into the purchase of your first home. The following is a guide to help you through the process to prepare and buy your first home.
    [Read More]

  • Advice For Those Working With Section 184 Loan Lenders

    Being part of a Native American tribe does come with some benefits, such as having access to a Section 184 home loan. It's a program for Native Americans that makes getting a home a lot easier. You'll need to find a specialty lender that offers this mortgage product if you meet the necessary requirements. Just make sure you take these steps when working with one. Find a Lender That Participates in These Loans
    [Read More]

  • 5 Things To Know About Rehab Loans

    Do you want to purchase a home that is a bit of a fixer-upper, but you don't have the cash to pay for the repairs on your own? If so, you'll need a rehab loan to get the job done. Here are some things to know about getting a rehab loan.  What Is A Rehab Loan? What is unique about a rehab loan is that it allows you to roll in the cost of your home purchase and the rehab work into a single loan.
    [Read More]

  • Factors to Consider When Taking Home Loans

    Home loans are some of the best ways to obtain funds to buy property. They have low monthly installments and an extended repayment period. Unfortunately, most people get overwhelmed when taking home loans. It is especially so since there are numerous lenders and many loans to choose from. Below are some factors that you should consider when taking a home loan.  Look for Affordable Options The loans markets have numerous options for anyone looking to take a home loan.
    [Read More]

  • Top Reasons To Refinance Your Home Mortgage Loan

    Few people are able to buy a home with cash, so the majority of homeowners take out a home mortgage loan. If you have a home mortgage loan, you will have the option to refinance if you choose. When you refinance a home mortgage loan, the old loan is paid off and you have a brand new mortgage. There are several reasons why homeowners choose to refinance their mortgage loan, and doing so can make a big difference, depending on your goals.
    [Read More]

  • What You Should Know About Fixed-Rate Mortgages

    For most homebuyers, shopping for a home also means shopping for a mortgage. Just like with real estate inventory, there are plenty of options to choose from when it comes to home loans. However, finding the right fit for your finances will take some work on your part. There are different kinds of mortgages available, but fixed-rate mortgages are a popular option with many homeowners. Here are three things that you need to know about fixed-rate mortgages.
    [Read More]

  • How to Pay For Home Improvements

    Does your house need work? Some homeowners decide to make home improvements to modernize their houses, while others want more living space. You can complete home improvements for any reason, but you must determine how you will pay for the projects. Before you find a way to pay for them, you will need to make a few decisions. Here is a guide to help you determine how to proceed. Determine the Amount of Work You'll Do
    [Read More]