How to Qualify for a Loan

How to Qualify for a Loan

There are a few key things you’ll need to do in order to qualify for a loan . Learn about the process and what you’ll need to get started. Checkout this video: Introduction In order to qualify for a loan, you will need to meet the lender’s criteria. This can vary from lender to lender,…

What is the Difference Between a Subsidized and an Unsubsidized Loan

What is the Difference Between a Subsidized and an Unsubsidized Loan

The major difference between subsidized and unsubsidized loans is that the government pays the interest on a subsidized loan while the student is in school. Checkout this video: Introduction When you hear the terms “subsidized” and “unsubsidized” in relation to student loans, it is referring to the interest that accrues on the loan while you…

What is a Loan Estimate?

What is a Loan Estimate?

A Loan Estimate is a three-page form that you receive from a lender after you submit a loan application. This form gives you important information about the loan you are applying for, including the estimated interest rate, monthly payment, and closing costs. The Loan Estimate also tells you how much money you will need to…

What is a Fixed Rate Loan?

What is a Fixed Rate Loan?

A fixed rate loan is a loan where the interest rate doesn’t change during the entire term of the loan. This type of loan is good for people who are on a budget because they can predict their monthly payments. Checkout this video: Introduction A fixed-rate loan is a loan in which the interest rate…