Following FHA Credit guidelines, before providing approval for any type of loan, a lender will carefully analyze the overall integrity of the applicant’s credit history. The FHA loan requirements state that those who have a favorable credit history with a long track...
A home – for most people – is the largest financial commitment of a lifetime. Obtaining a mortgage rate that accommodates your financial situation and is considered to be ideal involves more than just a bit of comparison shopping. It is important that you realize this...
The core mission of the Small Business Administration (SBA) is to provide an immediate access to capital in an all-inclusive manner. Many believe that is the absolute end to the administration’s commitment to the owners of small businesses within the United States;...
Somerville National Bank believes that it is our responsibility to provide comprehensive information to our current and future clients that will aid in their financial needs and affairs. In this series, we will be providing detailed information about Small Business...
HELOC stands for “Home Equity Line of Credit”. This particular line of credit utilizes your primary residence as a type of collateral, or a form of security for the debt that you acquire. The amount that is typically available for homeowners is the difference between...
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