Yes, you can get student loans for online colleges. To qualify, the school must meet federal and private loan program requirements. Online degree programs are eligible for federal and private student loans if the school meets specific criteria. Many online colleges are accredited and therefore qualify for financial aid. This means that students attending these…
In Ohio, a land contract is a seller-financed lending agreement where the buyer makes payments over time for the property, allowing them to possess and use the property while the seller retains legal title until the contract is satisfied. This arrangement enables the buyer to inhabit the property immediately, taking on responsibilities for property maintenance…
The minimum credit score for a VA loan is typically 620, although some lenders may accept scores as low as 580. Are you considering a VA loan to purchase a home? VA loans are a valuable benefit for veterans and active-duty service members, offering favorable terms and conditions. One of the key factors that determine…
Income-Based Repayment (IBR) is calculated based on your adjusted gross income and family size. The calculation takes into account your prior tax year’s income, which may not always reflect your current financial situation due to changes like job loss or salary reduction. Are you struggling to manage your student loan payments? Understanding how Income-Based Repayment…
To get pre-approved for a mortgage, bring your photo ID, recent pay stubs, W-2 forms, bank statements, and income tax returns. These documents help the lender assess your financial situation and determine the amount you can borrow. Are you ready to take the exciting step of getting pre-approved for a mortgage? This important milestone in…
To find covenants on a property, review the property’s deeds or consult a real estate attorney. Additionally, check the title deeds if you are the current property owner. Understanding property covenants is crucial for homeowners and potential buyers alike. These legal restrictions can significantly impact the use and enjoyment of a property, making it essential…
Yes, you can purchase a house with a tax lien, but it’s a complex process. Tax liens can affect the property’s title and may require paying off the lien before obtaining clear ownership. In some cases, investors can acquire properties with tax liens through auctions, but it’s crucial to understand the legal and financial implications…
Your creditworthiness is based on your credit history, repayment habits, and overall debt. These factors determine your financial responsibility and reliability in repaying debts. Lenders use this information to assess the risk of lending to you, influencing your ability to obtain credit and the terms offered. Understanding how your creditworthiness is evaluated is crucial for…
If you’re struggling with car payments, contact your lender for hardship programs or options to refinance or sell your vehicle. Financial relief programs and assistance from organizations like The Salvation Army may also provide help with car payments. Are you finding it difficult to keep up with your car payments? Whether due to job loss,…
The Parent PLUS loan process typically takes around 4 weeks to be processed. The exact timing can vary based on the university and the completion of all eligibility criteria by the student. Applying for financial aid for education can be a crucial part of planning for college expenses, and the Parent PLUS loan is a…
Your Affirm limit may have gone down due to changes in your borrowing and payment history with Affirm and elsewhere. Factors such as credit scores, late payments, and multiple loan applications can also impact your spending power. It’s essential to maintain a good repayment record and avoid applying for numerous new credits to potentially increase…
An owner occupant is a person who owns and lives in the property they reside in. This means that the individual is both the homeowner and the resident of the property. When it comes to real estate, the term “owner-occupant” refers to an individual who owns and lives in the property they occupy. This form…
You can have multiple HELOCs as long as you meet the lender’s eligibility criteria. While it’s uncommon, there’s no legal limit on the number of HELOCs you can have on a single property. This flexibility allows you to access the equity in your home for various financial needs. When it comes to managing your finances,…
A hybrid appraisal is a real estate valuation that combines traditional appraisals with automated valuation models. It is best suited for conventional properties in stable markets and may not be suitable for unique properties or volatile markets. When considering a hybrid appraisal, evaluate your specific transaction needs, time constraints, and property complexity. This approach aims…
A cash offer in real estate means the buyer intends to pay in full without financing. Cash offers are attractive to sellers due to their speed and lower risk. In real estate, a cash offer refers to a buyer’s intention to purchase a property without mortgage financing. This type of offer can be appealing to…