When Should Your Teen Open A Checking Account?

If your teen is itching for more independence, you may wonder whether a checking account is a good way to teach budgeting and money-management skills while taking a task off your already-full plate. However, while some teens are more than ready to take their finances into their own hands, for others, a checking account could lead to overdraft fees or other unanticipated costs. Read on to learn more about some of the laws and regulations governing teens with checking accounts, as well as the factors you'll want to consider when deciding whether now is the best time for your teen to open a checking account.   Read More...

FHA Loans Make It Easier For Recent College Grads To Qualify For A Mortgage

FHA loans, which are insured by the federal government, offer recent college graduates a viable option for buying their first home. The low interest rates and more flexible lending standards help make home ownership a reality for first-time home buyers who are just starting out. That's because there are a number of benefits FHA loan programs offer that can help you qualify for a mortgage loan. Limited Credit History If you're a recent college graduate and a first-time home buyer with a limited credit history, FHA allows you to use credit references that don't report to the credit bureaus.   Read More...

3 Things You Should Know About Hard Money Loans

Have you found it hard to get approved for a loan to purchase a house? Being that you are using the money to invest in a house, you might qualify by applying through a hard money lender. However, the process of obtaining the money will likely be a little different than when applying for other loan types. Below, you will learn more about hard money loans and what to expect if you apply for one.   Read More...

2 Things To Keep In Mind When Considering A Home Equity Loan

One of the most popular types of loans out there is a home equity loan, mostly because home equity loans can often allow a homeowner to borrow quite a bit of money for fairly low interest rates. The amount of money that you can get from a home equity loan is directly tied to how much your home is worth and is typically secured by your home. Listed below are two things to keep in mind when considering a home equity loan.   Read More...

Tips For Financing Your First Home Purchase

The process of buying a house can be a very stressful task to go through. In particular, the financing of this purchase may be one of the aspects that cause you the most concern. Sadly, you may not have the experience necessary to know how to get the most from your mortgage. To help you with this aspect of home buying, you will want to keep the following few tips in mind.   Read More...