Common Home Loan & Banking Questions

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Can I get a home loan while in Chapter 13 bankruptcy?

Can I get a home loan while in Chapter 13 bankruptcy?

Yes you can in many circumstances! If you’ve been in repayment for a year or more, all payments have been made on time, your credit scores are above 580, and you have a stable monthly income, there may be options for you.

What are the benefits of using a business line of credit?

The number-one reason to open a business line of credit is to gain access to short-term funding. Most businesses use these funds to support financing for operational expenses like supplies and payroll or for increasing inventory. Cyclical businesses often rely on an unsecured line of credit as a source of off-season working capital. It’s a good choice for small businesses looking for ways to better manage cash flow.

What is required to obtain a small business line of credit?

Be sure to research the specifics of any lender’s business line of credit requirements. For example, many banks will require a business to have been under current ownership for some fixed amount of time. Rates for a business line of credit tend to be lower than those for a business credit card, which can charge more than 20% APR for purchases — and even more than that for cash advances.

What is a small business line of credit?

A small business line of credit has more in common with a small business credit card than with a small business loan. Like a small business loan, an unsecured line of credit provides a business with access to money that can be used to address any business expense that arises. Unlike a small business loan, however, there’s no lump-sum disbursement made at account opening that requires a subsequent monthly payment.

My credit took some hits, but I want to buy a home.

FHA Loan could help you accomplish this. With an FHA loan there is a low downpayment minimum, which can come from a gift or a grant and the program even allows for a lower credit score to qualify.

I want to earn interest on the money in my checking.

Willamette Interest Checking allows you to earn interest on your balance in your checking account. You do need to maintain a $1500 average daily balance or with combined deposits of $5,000 to avoid a monthly service charge.

I don’t have a lot of money but want to open a checking account.

Willamette Checking and Willamette Gold Checking only require $100 to open an account.

How do I get rid of my Mortgage Insurance?

How do I get rid of my Mortgage Insurance?

Contact a Loan Officer today to see if with the value of your home today you might be able to reduce or remove your mortgage insurance.