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

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 »

What Are the Requirements for Mortgage Loan Prequalification?

One of the first steps in the process of obtaining a mortgage is a getting a loan prequalification. Lenders provide this service to help borrowers better understand their financial situations and d... Read More »

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 »

What is apr on a house loan?

The APR is the annual percentage rate of a loan. The APR is how much the loan will cost per year, taking into consideration the interest rate and all fees. Mortgage companies are required to advert... Read More »