Prior to the recession, many homeowners were able to take advantage of generous lending options that often included financing as much as 100 percent of a home’s value. While this is great for a potential homebuyer who doesn’t have the money for a large down payment, it was risky for lenders. When the recession hit…
Read MoreRental properties make for great investments, but they’re a business venture you shouldn’t enter into lightly. While American Loans is happy to handle the mortgage for your rental property, we also want you to be well-informed on where your money, time and energy are going. Learn what you should bear in mind while seeking out…
Read MoreThere are a lot of things to think about if you are planning to purchase a new home, but perhaps the single most important thing to know is your credit score. Your credit score determines the interest rate you will get on the loan, and since most mortgage loans will last at least 30 years,…
Read MoreIf you are in the market for a loan, whether you are a student, homeowner or potential vehicle owner, it is of the utmost importance to ask the right questions of your future lender. The answers to these inquiries will help you figure out the details of your loan’s interest rate, repayment plan and more.…
Read MoreThe median price of a home sold in the U.S. in early 2016 was $188,900. While that might buy you a small castle in some housing markets, in others you will need to borrow a lot more just to get a place big enough for your family to call home. Borrowers that plan on taking…
Read MoreLower your payment even if you are upside down on your home Our HARP program goes up to 200% of the value of your home If you have PMI it will not increase with the new loan! Your loan must have closed no later than May of 2009 to qualify
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