Mortgage loan officers help people finance the purchase of a home. If you’re interested in becoming a mortgage loan officer, read on to learn about the education and skills you’ll need, as well as the job outlook and salary potential. Checkout this video: Introduction A mortgage loan officer is a professional who helps potential home…
How to Find the Interest Rate on a Loan Checkout this video: Introduction When you’re considering taking out a loan, one of the most important factors to keep in mind is the interest rate. The interest rate is the amount of money that you will be required to pay back in addition to the original…
You’ll need your student loan account number for a variety of reasons. Here’s a step-by-step guide on how to find it. Checkout this video: Introduction Your student loan account number is a unique identifier that helps you keep track of your loans and repayment progress. You’ll need it to sign up for a payment plan,…
If you’re considering refinancing your car loan, you might be wondering what happens to your old loan. Here’s what you need to know. Checkout this video: Introduction Car loan refinancing is when you replace your current car loan with a new one, usually from a different lender. The new loan pays off the balance of…
If you’re considering refinancing your car loan, you may be wondering when the best time to do so is. Read on to learn more about when you can get the best rates on a car loan refinance. Checkout this video: Introduction Car loans are one of the most common types of debt that people have….
If you’re in the market for a new car, you’re probably wondering how car loan APR works. Here’s a quick rundown of what you need to know. Checkout this video: What is APR? APR, or Annual Percentage Rate, is the interest rate you pay on a loan, including fees, when spread out over a year….
A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. Checkout this video: Introduction A commercial loan is a debt-based funding arrangement that a business can set up with a financial institution, as opposed to an individual. It is therefore a form of debt financing. The…
How to Calculate Loan Interest Loan interest is the price you pay for borrowing money. It is calculated as a percentage of the amount you borrow and is usually charged annually. The main types of loan are secured and unsecured, and the interest you pay depends on whether your loan is secured or unsecured. If…
A loan processor is a professional who prepares and processes mortgage loan applications for approval from underwriting departments. Checkout this video: Introduction A loan processor is a professional who prepares and processes loan applications for banks and other lending institutions. The loan processor job description involves collecting and verifying the required documents from the borrower,…
A subsidized loan is a type of financial aid that is awarded to students based on their financial need. Students who are eligible for a subsidized loan will not be responsible for paying the interest on the loan while they are in school. Checkout this video: Subsidized Loan Basics A subsidized loan is a type…