Category: Financial Tips

The Ultimate Guide to HELOCs and Home Equity Loans

The Ultimate Guide to HELOCs and Home Equity Loans

In this article, we’ll explain exactly what a home equity loan is, how they work, and the different types of loans you may be able to get—and we’ll also offer some concrete ways to help you decide if they really make sense for you and your personal financial picture right now. What is a home …

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How to finance kitchen cabinets

How to finance kitchen cabinets

If your kitchen’s looking tired, new or updated cabinets can wake it right up. Cabinetry is the most defining feature in your kitchen—it sets the tone for everything else in the room. If the cabinets are dull, your whole kitchen feels boring. Kitchens are such a focal point in the home, it’s no surprise that …

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Your guide to home improvement loans with no equity

Your guide to home improvement loans with no equity

Home improvement loans can bridge the gap between your dream project and your bank balance—but with so many options today, it can be confusing to know which type of loan is right for you. Basically, you have three main financing tools to pay for a renovation project: Home equity loans or lines of credit, home …

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FHA Mortgages 101

FHA Mortgages 101

Did you buy your home with an FHA mortgage? You’re in good company—about 25% of all home mortgages originating in 2017 were secured by the Federal Housing Administration (FHA). It’s a number that has steadily climbed in the years since the housing bubble. Prior to 2006, the height of the housing bubble, the FHA guaranteed …

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Don’t think you’ll qualify for a loan?

Don’t think you’ll qualify for a loan?

Putting yourself out there to apply for a loan is intimidating—we get that. You feel vulnerable, at the mercy of some nameless, faceless official at the bank or finance company. And the thought of rejection is never pleasant, especially if you’ve been turned down before. But here’s the thing: Getting a loan online is a …

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What to expect with lender income verification

What to expect with lender income verification

You completed the online application, reviewed your rates, and selected a lending partner with terms you like—you’re ready to close your loan and get started on your next home improvement project. But now your chosen provider is asking for documents to verify your income. Your first question is probably, “Is that normal?” and your second …

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Hard vs soft credit pulls: What’s the difference?

Hard vs soft credit pulls: What’s the difference?

You probably know that inquiries into your credit report, known as “credit pulls” in the industry, can negatively affect your credit score. What you may not know is that there’s more than one type of inquiry—and each impacts your credit differently. Here’s what you need to know about “hard” and “soft” credit pulls, who uses …

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Roofing companies that offer financing: here’s what you need to know

Roofing companies that offer financing: here’s what you need to know

Unfortunately, there’s a big chance you’ll eventually face an unavoidable roofing project. Maybe you’re trying to sell your house and your aging roof is holding you back. Or those cracked and curling shingles have reached the end of their natural life, leaving your home vulnerable to leaks or worse. Whatever the reason, you’re looking at …

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Introducing home improvement loans in Texas

Introducing home improvement loans in Texas

If everything’s bigger in Texas, the latest trends in home improvement projects in the state’s major cities definitely back that up. “Luxury” is the name of the game when it comes to the most popular home improvement projects in the state—think swanky master suite additions, rambling deck projects, high-end stone veneer siding, and upscale kitchen …

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Financing a roof replacement with bad credit

Financing a roof replacement with bad credit

It’s always a good idea to pay cash for a new roof. But sometimes, your roofing project just can’t wait. A seemingly minor roof problem like a lifted shingle or faulty flashing becomes a major issue that requires an emergency roof replacement. If you have excellent credit, you can usually qualify for low interest personal …

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