A bridge loan is a short-term loan that is used to provide financing for an individual or business until permanent financing can be obtained. Checkout this video: What is a Bridge Loan? Bridge loans are temporary loans, usually secured by your existing home, that bridge the gap between the sales price of a new home…
If you’re considering a VA loan to finance your home purchase, you may be wondering how they work. Here’s a quick overview of VA loans and how they can benefit eligible borrowers. Checkout this video: What is a VA Loan? A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs…
A USDA home loan is a zero down payment mortgage loan with low mortgage rates for eligible rural and suburban homebuyers. Read more to see if this type of loan is right for you. Checkout this video: What is a USDA Home Loan? A USDA home loan is a zero down payment mortgage loan for…
If you’re struggling to make your monthly loan payments, you may be considering loan forbearance as a way to temporarily reduce or suspend them. But what is loan forbearance? Keep reading to learn everything you need to know about this debt relief option. Checkout this video: What is loan forbearance? Loan forbearance is an agreement…
A unsecured loan is a loan that is not backed by any asset or collateral. This type of loan is also sometimes called a signature loan or a personal loan. Unsecured loans are generally given out by banks, credit unions, and other financial institutions. Checkout this video: Introduction An unsecured loan is a loan that…
If you’re looking to raise your credit score, you may be wondering how fast a car loan can help. We’ve got the answer, along with some other tips to help you improve your credit rating. Checkout this video: The Relationship Between Auto Loans and Credit Scores A car loan can help raise your credit score,…
If you’re starting a business, you may be wondering how to get a startup business loan. Here’s a guide to help you get started. Checkout this video: Introduction For many small business owners, getting a startup business loan is one of the biggest hurdles to overcome when starting a new business. Luckily, there are a…
The CARES Act established the Paycheck Protection Program (PPP) to provide small businesses with loans to help them keep their workers employed during the COVID-19 pandemic. If you’re a small business owner, you may be wondering how to qualify for a PPP loan . Here’s a quick overview of the eligibility requirements: To qualify, you…
If you’re looking for information on federal student loans, you may be wondering what an unsubsidized loan is. Here’s a quick rundown to help you understand unsubsidized loans and how they work. Checkout this video: What is an Unsubsidized Federal Loan? An unsubsidized federal loan is a loan that is not backed by the federal…
How to Calculate APR on a Loan. You can use this simple APR calculator to find out the effective interest rate on your loan. Checkout this video: What is APR? The real APR is not the same as the quoted rate. The real APR includes both the interest rate and the fees, so it’s a…