Answers common questions about loan types, lenders, and specific programs like VA rehab loans.

Why Do Banks Transfer Mortgage Loans?

Banks transfer mortgage loans because they are transferring the servicing rights, the right to collect your monthly payments and manage the account, not the loan itself, so your interest rate,...

Who Offers Balloon Auto Loans?

What are balloon auto loans? Balloon auto loans are a financing structure where you make smaller monthly payments during the loan term, followed by one large "balloon" payment at the...

Why Don't Sellers Like FHA Loans?

Why Sellers Dislike FHA Loans Why sellers dislike FHA loans comes down to one central issue: the FHA appraisal judges far more than the home's market value. Unlike a conventional...

Who Offers Fannie Mae Homestyle Loans?

How to Find Fannie Mae Homestyle Loan Lenders Fannie Mae homestyle loan lenders are not listed in any single public directory, so your first step is to contact lenders directly...

How Many TSP Loans Can You Have?

How many TSP loans you can have at once is up to four, but only if you have both a civilian account and a uniformed services account. For most participants...

Loans For Nursing School When Credit Is Bad

Bad credit does not block most federal nursing school borrowing, but it can limit access to credit-based federal and private options. For nursing school loans bad credit, the immediate solution...

Who Offers Bridge Loans?

If you're wondering who offers bridge loans, they are short-term financing solutions that help you cover a gap, most often when you need to buy a new home before your...

Who Offers VA Rehab Loans?

Which va rehab loan lenders actually offer this financing? CrossCountry Mortgage, PrimeLending, and VA Nationwide Home Loans are the verified va rehab loan lenders, while Veterans United does not offer...

How Do Portfolio Loans Work?

What is a portfolio loan and how do they work? A portfolio loan is a mortgage a lender originates and keeps on its own books instead of selling it into...

What Loans Are Covered By HMDA?

HMDA covers most home-purchase, home-improvement, and refinance mortgage loans, plus certain open-end lines of credit, but only when the transaction is a covered loan and not an excluded transaction. In...