Ideal Home Loans

Whether you want a brand new game room, a second living area or a mad scientist lab, basement remodeling can give you a lot of options you might not even have considered. Although some of them might be more expensive than others, you’ll find that having full creative freedom regarding the complete remodeling of your basement is not only fun, but also a potentially practical solution to getting more space. If you’re a fan of sports and memorabilia, you can turn your basement into the ultimate storage room for anything from baseball cards to the complete gear worn by famous football players. You can also mix it up by turning a section of your basement into a game room featuring a pool table, a stone chessboard or even an old arcade machine. For the intellectual homeowner, a basement can be soundproofed and turned into the perfect, peaceful research center and reading room. You can pile up all your books and neatly arrange them on shelves to form a small library, set up a workstation wi...

A second mortgage is also known as a home equity line of credit, and it’s basically a lien on a property that is known to be subordinate to a previous, senior loan. The second loan uses your home as collateral, and as your home gains value over time, a second loan you might get will be considerably higher. Second loans can come in one of two different forms: • Lines of credit are one possible option, allowing you access to a pool of money that you will draw from. You’ll have a maximum amount you can borrow, and as with credit cards, you can borrow multiple times until you reach your limit, then pay off your credit, and borrow again. • The most common choice is to get your money as a lump sum. This standard second mortgage can be used to any end you want, and it usually involves fixed monthly payments that require you to pay an amount of the balance along with a part of the interest rate with each payment. As with most types of loans, you can get a fixed or variable interest second ...

Are you considering a VA loan? The loan offers provided for veterans and service members by the Department of Veterans Affairs (VA) can bring you the home you’ve always wanted with no down payment, a low interest rate, a limitation on buyers’ closing costs and many other benefits. You may be eligible for a VA mortgage loan in the following instances: • If you served at least 90 consecutive days in the military during wartime, then you can already be sure that you’ll be eligible to get approved for any of the available VA loan offers out there. • Veterans who have served at least 181 days during peacetime can also count themselves among those who are able to obtain a sure approval for VA mortgages. • If you were in the National Guard or Reserves, you can also benefit from VA offers, but only after 6 years of service. • Finally, you might be the spouse of a service member who has died as a result of a disability that was service-related, or in the line of duty. In this case, you are ...

FHA loan Colorado opportunities are available for first time home buyers. Whether you’re interested in buying your new dream home, or you’re just now researching some of your options for getting a mortgage in the next few weeks, this should be at the top of your list among the most practical and beneficial offers to consider. What makes FHA loans special? FHA mortgage loans are essentially mortgages that are issued by the Federal Housing Administration (FHA). They are considered to be an excellent choice for first time home buyers, who can even get down payments as low as 3.5% despite having credit scores lower than 600. The great thing about FHA loans is that your credit score can be as low as 500, and you’ll still have a good chance to get approved – even though the down payment required will be significantly more sizable in this case. Also, if you’re looking for assumable mortgage loans – which are basically mortgages that the buyer can assume, if you decide to sell the house – th...