23 Apr 2025 The Hidden Cost of Waiting: How Delaying a Persona... In our fluctuating economy, now more than ever, consumers must be conscious of the mindset of ‘striking while the iron is hot,’ a colloquial phrase for the financial concept of opportunity cost, which takes into account the benefits or detriments of choosing one investment or decision over another. Your current savings hold a potential value […] Share on Facebook Share on Twitter
18 Mar 2025 Modern Lending Guide to the HOPER Program The HOPER Program is bridging the gap between rental poverty and homeownership with new initiatives that bring down payments while offering affordable mortgage options. The HOPER (Home Ownership, Promotion, Education, and Research) Program is an FHA-backed initiative to help future homeowners by offering incentives to use toward down payments, closing costs, and other costs associated […] Share on Facebook Share on Twitter
13 Mar 2025 Guide to Buying Your First Rental Property Interested in buying a rental property? At Modern Lending, we understand the fears that come with investing in real estate which is why we hope to provide our customers with our first rental property guide. Whether you have done it before or are a beginner, here are some investment property financing tips that will help […] Share on Facebook Share on Twitter
7 Jan 2025 Modern Lending Helps Non-Traditional Buyers Secure... Everyone’s financial story is different, and with a wide variety of ways to make money in the modern era comes the barrier of antiquated measurement systems. While credit, income reporting, and other loan criteria serve the needs of the 9-5 office worker, those seeking homeownership who don’t fall into this specific category face issues when […] Share on Facebook Share on Twitter
1 Nov 2024 What Are VA IRRRL Loans In 1980, the Veterans’ Disability Compensation and Housing Benefits Amendment introduced the Interest Rate Reduction Refinance Loan Program or IRRRL to give veterans the opportunity to reduce their monthly mortgage payments, convert adjustable-rate mortgages to fixed-rate mortgages, and change loan terms. What is a VA IRRRL Loan? IRRRL loans allow Veterans Affair Borrowers to restructure […] Share on Facebook Share on Twitter