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Unlocking your dream home: guide to home improvement financing options Home improvement projects can breathe life into your living space, increasing functionality and even enhancing the value of your Maryland property. Whether it's a minor renovation or a complete overhaul that one is looking at, it's all about …
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How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
Every rental payment you make is building equity for someone else. Home values are predicted to continue to appreciate. The prices you see today are going to continue to rise. Don’t you want to realize that appreciation for yourself? CMG’s Rate Protection Program (RPP) allows you to get off the sidelines and buy the …
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Who is it for? If you’re a Virgina homeowner with an existing FHA loan and are looking for ways to lower your monthly payments without having to provide large amounts of credit documentation and undergo extensive underwriting, an FHA streamline refinance could be the perfect solution. This refinancing option is …
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Why is self-employed different? Self-employed people often struggle to qualify for a home loan because their income is challenging to verify. Traditionally, lenders will ask to see a borrower's W2s and tax returns. Since Virginia business owners do not get W2s and often use tax write-offs for business expenses, their …
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How to tackle high-interest debt High-interest debt, such as credit card debt, personal loans, payday loans, and auto loans with interest rates of 8% or more, can be a significant financial burden. Financial advisors often recommend prioritizing the repayment of such debt before other financial goals. If you find …
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