When it comes to purchasing land—whether for building a dream home, launching a business, or securing an investment—choosing the right land loan can make all the difference. With so many…
Land loans finance the purchase of undeveloped land, while traditional mortgages are for buying existing homes. Key Differences Between Land Loans and Mortgages include higher interest rates and down payments (20-50%) for…
Mortgage recasting lowers monthly payments by applying a lump-sum payment to the loan principal. While common for conventional loans, government-backed loans (FHA, USDA, VA) are ineligible due to regulatory restrictions.…
Gen Z and Millennials face hurdles to homeownership, including affordability, student debt, and competitive markets. High upfront costs and qualifying for mortgages are major challenges. Strategies like improving credit scores,…