A conventional loan is the most popular type of mortgage in the United States. In fact, conventional loans accounted for roughly 80% of the home loans that closed in August 2021, according to Ellie Mae. Backed by private lenders rather than the federal government, conventional loans can be used to buy or refinance homes. What […]
When you’re ready to apply for a mortgage loan, you’ll likely hear that you should shop around for multiple mortgage offers. It’s often left unanswered how exactly you should do this. Shopping for a mortgage is not like comparison shopping for a new home appliance or car. You’ll be weighing offers from lenders who might […]
Your auto loan’s down payment is a crucial component that affects the loan’s terms as well as interest rates. You may have seen advertisements from car dealerships that claim you can get a car loan with little to no down payment. But is it probable to get an auto loan with only a $500 down payment? Your […]
