What are the requirements for a house loan ?

Answer When preparing to obtain a home loan, consider the three Cs: Cash, Credit and Collateral. These are the most important aspects of your loan application to a lender, whether you are buying or refina... Read More »

Top Q&A For: What are the requirements for a house loan

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »

Can I Get a Mortgage Loan Plus a Loan to Fix the House?

When you purchase a fixer-upper, you will need to have money to buy the home and cover costs of improvements. Many lenders will ask you to take two separate loans, a mortgage and a home equity loan... Read More »

Requirements for Loan Originators?

Common loan-related positions include underwriting, document preparation and loan origination. The loan originator is the person who helps get the closing process started (and eventually finished).... Read More »

Home Building Loan Requirements?

Commonly called a construction loan, a home building loan is the initial financing used by a homeowner to build his house. When the house is complete, the homeowner closes on a second loan, called ... Read More »