Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.
To ensure a timely and successful loan processing, at minimum you’ll need to provide the following documentation when you apply for your loan:
- -Driver’s License(s)-Social Security number(s)-Current and previous residence history for the past two years-Name and address of your employment for the past two years-Paystubs from the last 30...
Topics: Homeowners
There are several types of Small Business Administration (SBA) loans. First Federal primarily uses the 504 and 7(a) programs. The SBA 7(a) loan is the most common loan type guaranteed by the Small Business Administration. The Motley Fool outlines some details about this type of loan:
Topics: Small Business
If a buyer is interested in securing condominium financing, it’s important to know that condos have their own process of being approved for financing. Review the lists below to determine whether a condo project is currently approved for financing. Please note the lists are categorized based on the type of financing obtained for the condo.
Topics: Homeowners
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more.
Topics: Mortgages / Home Equity
Embarking on the journey to homeownership is an exciting yet intricate process. Whether you're a first-time buyer or looking to upgrade, understanding the loan approval process can ease your path to securing your dream home. This guide lays out each crucial step, from the initial prequalification to the final closing, providing a clear...
Topics: Homeowners
If you are in your retirement years and rely on Social Security payments, waiting to learn what the cost of living adjustment (COLA) will be each year can be anxiety inducing. It’s complicated, and difficult to plan when the amount of your payments can change. Yahoo Finance offers some projections for 2025, as well as guidance on what you can do...
Topics: Retirement, Financial Education
Raised garden beds are a convenient (and very customizable) way to start a garden. They require less maintenance than traditional gardens and don’t involve as much bending over, but they still allow you to get your hands in the dirt and grow vegetables, herbs and flowers.
Topics: Lifestyle
If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you're building equity much faster than you might think. Here’s how it works.
Topics: Mortgages / Home Equity