Applying for a mortgage loan can be a daunting task, but it doesn’t have to be. Follow these simple steps and you’ll be on your way to homeownership in no time. Checkout this video: Introduction Applying for a mortgage loan can be a daunting task, but if you do your homework and understand the process,…
A guarantor loan is a type of unsecured loan where somebody else agrees to be responsible for the repayments if you default. In this post, we explain how they work and what you need to know before you apply. Checkout this video: What is a guarantor loan? A guarantor loan is a type of unsecured…
Check out this blog post to learn how to get qualified for a home loan in five steps, including tips on credit scores, income, and more. Checkout this video: Know your credit score Your credit score is one of the most important factors in qualification for a home loan. A high credit score means you’re…
A mezzanine loan is a type of financing that is typically used by businesses when they are looking to expand. This type of loan is usually used in conjunction with a first mortgage and is structured as a second mortgage. Checkout this video: What is a Mezzanine Loan? A mezzanine loan is a type of…
How much is a jumbo loan? Jumbo loans are available in a variety of terms, including fixed-rate and adjustable-rate loans. Checkout this video: Jumbo Loan Basics A jumbo loan is a home loan that is larger than the conforming loan limit set by the Federal Housing Finance Agency (FHFA). In 2019, the limit is $484,350…
If you’re considering taking out a payday loan, you may be wondering what you need to qualify. In this post, we’ll go over the basic requirements for most payday loan providers. Checkout this video: Payday Loan Basics A Payday Loan is a small, short-term loan that is typically due on your next payday. In order…
Home equity loans can be used for a variety of purposes, including home improvements, consolidate debt, or pay for major expenses. Checkout this video: Home equity loans can be used for a variety of purposes A home equity loan is a loan that uses the borrower’s home equity as collateral. Home equity loans are often…
How Much Can I Get Approved For a Loan? Here’s everything you need to know about how much you can get approved for a loan and how it affects your financial life. Checkout this video: How Much Can I Get Approved For a Loan? It is difficult to determine how much you can get approved…
If you’re wondering how long it will take to get approved for a PPP loan , the answer depends on a few factors. Keep reading to learn more about the PPP loan approval process. Checkout this video: What is a PPP Loan? A PPP loan is a loan that is part of the Paycheck Protection…
When you co-sign a loan, you’re taking on responsibility for the debt if the borrower doesn’t pay. But what happens to your credit? We’ll explain how cosigning a loan affects your credit score and finances. Checkout this video: What is a cosigned loan? A cosigned loan is a loan in which two people agree to…