FHA loan calculator – What is it?

The FHA loans are for mortgages up to $500,000 and can be refinanced at a 4.8% rate.They are offered to people with incomes up to 138% of the median income, or $45,400 for an individual.They were introduced to make it easier for the government to offer mortgages to people in a more affordable area.The government […]

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Why do people take out construction loans?

A new study from the U.S. Census Bureau found that nearly a quarter of Americans were behind on their mortgage payments when they first moved into their own home.The average loan amount was $1,300, which was higher than the average for all households surveyed, but below the $3,600 average for those with credit cards.For those […]

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Why I love the Personal Loan program

By the end of June, the Personal Loans program had more than 3.5 million borrowers.“I’m proud to have secured a loan that will help me pay for my own education and the costs of living,” said the borrower in a press release.“The Personal Loan Program is a great program that helps individuals save for their […]

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This is why we’re all debt-free

It’s the ultimate debt-reduction game plan.Here’s how to get that big credit card loan forgiven and stay in debt-to-income ratios without crushing your credit scores.article title How I paid off all my debt and left $1,000 in the bank post This article was originally published on August 14, 2018, so it’s been updated with a […]

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VA loan requirements: What you need to know

Student loan borrowers in Virginia need to take on a lot of extra work to qualify for VA loans.The Department of Veterans Affairs estimates that students earning less than $45,000 per year will need to work between 30 and 40 hours per week.In addition, borrowers in the middle class, with incomes between $50,000 and $75,000, […]

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