You have to start paying your student loans six months after you graduate, unless you have a grace period. If you’re not sure when your grace period ends, contact your loan servicer. Checkout this video: Introduction Most students don’t start paying their student loans until after they graduate. The average graduate has $28,400 in student…
Conforming loan limits are the maximum loan size that Fannie Mae and Freddie Mac will purchase. Find out if your loan is eligible. Checkout this video: Conforming Loan Limits Conforming loan limits are loan amounts that are allowed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The limit is the maximum loan amount that…
A commercial loan is a debt-based funding arrangement between a business and a financial institution, typically used to finance major capital expenditures and or cover operational costs that the company may otherwise be unable to afford. Checkout this video: Introduction A commercial loan is a debt-based funding arrangement that a business can set up with…
If you’re a veteran using a VA loan to purchase a home, you may be wondering who pays closing costs. The answer is that it depends on the type of loan you’re using. For a regular VA loan, the seller usually pays the closing costs. However, if you’re using a VA streamline loan, the buyer…
How is interest calculated on a car loan? It’s a common question we get here at the dealership, and one our customers should understand before financing a vehicle. Checkout this video: Introduction Auto loan interest is calculated using a simple interest method. This means that the interest on your loan is based only on the…
If you’re looking to get an auto loan with bad credit , there are a few things you can do to improve your chances of getting approved. Follow these tips and you’ll be on your way to getting the loan you need. Checkout this video: Introduction Bad credit can make it difficult to get an…
A loan contingency is a common contingency included in most real estate purchase contracts. It gives the buyer a set period of time to obtain financing for the home. Checkout this video: What is a loan contingency? A loan contingency is a condition in a real estate purchase contract that protects the buyer in case…
If you’re looking for a good interest rate on a student loan, there are a few things you should keep in mind. Read on to learn more about what to look for when shopping for a student loan. Checkout this video: Introduction When it comes to student loans, there are two main types: federal student…
How to Pay Off Your Car Loan Faster: A Calculator – Use this calculator to find out how you can pay off your car loan faster. Checkout this video: Introduction Assuming you have a car loan with a balance of $16,000, an interest rate of 6%, and are paying $400 per month, it would take…
An installment loan is a type of loan that is repaid in periodic payments, typically monthly payments, over a period of time. Checkout this video: Introduction An installment loan is a type of loan that allows you to borrow a fixed sum of money and then repay it over a set period of time, typically…