If you’re looking to lower your monthly car payments, you may be considering refinancing your auto loan. Although it can be a great way to save money, it’s important to understand the process before you jump in. In this blog post, we’ll walk you through everything you need to know about how to refinance your…
There are a few things you need to know before applying for a business loan. This guide will help you get started on the right foot. Checkout this video: Introduction When you’re ready to expand your business or get it off the ground, a loan can be a helpful tool. But, before you can receive…
Refinancing a loan means taking out a new loan to pay off an existing loan. The new loan typically has a lower interest rate than the old loan, which can save you money over time. Checkout this video: What is refinancing? Refinancing is the process of taking out a new loan to pay off an…
Conforming loans are mortgages that follow guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. The loan limit for conforming loans is $510,400 in most areas of the U.S. Checkout this video: What is a Conforming Loan? A conforming loan is a mortgage that meets the underwriting guidelines of government-sponsored enterprises (GSEs) Fannie Mae…
Loan officers are responsible for originating, evaluating and approving loans . They work with borrowers to gather financial information and help them complete loan applications. Loan officers also recommend loan terms and conditions to borrowers. Checkout this video: Loan Officer Job Description A loan officer is responsible for evaluating, authorizing, or recommending approval of loan…
A mortgage loan officer’s salary depends on many factors, including experience, education, certifications, and geographical location. Checkout this video: Job Description Mortgage loan officers typically work for banks, credit unions, and mortgage lenders. They help people get loans to purchase homes and businesses. Mortgage loan officers typically have a four-year degree in business, economics, or…
There are a number of loan types available to borrowers, each with its own set of benefits and drawbacks. One type of loan that may offer an interest subsidy is a government-backed loan. These loans are typically available to low- and moderate-income borrowers, and the interest subsidy can help make the loan more affordable. Checkout…
Hard money loans are a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Checkout this video: Hard Money Loans Defined A Hard Money Loan is a type of short-term loan that is typically used by real estate investors. Hard money loans have a higher interest rate than…
A bridge loan is a short-term loan that is used to cover the cost of an impending transaction. This type of loan is typically used when a borrower is selling their current home and buying a new one. The loan is intended to be a temporary solution that covers the gap between the two transactions….
If you’re wondering whether or not you’re eligible for a Paycheck Protection Program (PPP) loan, you’re not alone. Many small business owners are still trying to figure out the ins and outs of this new program. Here’s a quick rundown of who is NOT eligible for a PPP loan . Checkout this video: Businesses That…