You may think only veterans can get a VA home loan, but there are actually a few other groups who qualify as well. If you’re looking to buy a home and you’re not sure if you qualify for a VA home loan, read on to find out more. Checkout this video: Introduction The Veterans Administration…
The PPP loan process can be confusing, but we’re here to help. Read our guide on how to get approved for a PPP loan and get the money you need to keep your business afloat. Checkout this video: Introduction The Paycheck Protection Program (PPP) is a loan designed to help small businesses keep their workers…
How Does a Loan Work from the Bank? We take you through the process step by step so you can understand what’s involved in taking out a loan. Checkout this video: How a Loan Works A loan is when a lender gives you money that you will need to pay back with interest. The amount…
A shared secured loan is a type of loan that is backed by collateral. The collateral for the loan is typically a savings account or certificate of deposit (CD) at the credit union. Checkout this video: What is a Shared Secured Loan? A shared secured loan is a loan that is backed by your savings…
How Much Car Loan Can I Get Approved For? You may be approved for a loan amount depending on many factors. Follow these simple tips to get the most out of your car loan. Checkout this video: How Car Loans Work A car loan is a loan that is specifically used to finance the purchase…
How Does a Bank Loan Work? You may be wondering how does a bank loan work? Banks make money by loaning it out to people and businesses. The borrower pays the bank back over time, usually with interest. Checkout this video: Introduction A bank loan is a type of debt financing provided by banks to…
A Share Secured Loan is a loan that is secured by the funds in your share (savings) account. The funds in your account are frozen and used as collateral for the loan. Checkout this video: Introduction A share secured loan is a loan where the borrower secures the loan with funds they have on deposit…
A mortgage loan officer is responsible for originating and processing mortgage loans. They work with borrowers to get them approved for loans and help them choose the best loan options for their needs. Mortgage loan officers must be licensed and have a good understanding of the different types of loans available. Checkout this video: Introduction…
How is interest calculated on student loans? The interest rate is a percentage of the unpaid principal amount that accrues on your student loans each day. Checkout this video: Introduction When you take out a student loan, you are usually responsible for paying the interest that accrues on the loan. Interest is calculated based on…
A bank loan is when a bank gives you money that you will need to pay back with interest. The interest is the price you pay for borrowing the money. Most people take out loans to buy things like a car or a house. Checkout this video: What is a loan from a bank? A…