If you’re looking for a career in the financial industry, becoming a loan officer is a great option. But what does it take to be a loan officer? In this ultimate guide, we’ll cover everything you need to know about becoming a loan officer, from the necessary education and training to the day-to-day responsibilities of…
You may be wondering how to get a loan for an investment property. The good news is that it’s not as difficult as you may think. Checkout this video: Research the best type of loan for your investment property There are a few different types of loans you can get for an investment property, and…
A loan processor is a professional who collects, prepares and submits mortgage loan documentation to a lender on behalf of a borrower. Checkout this video: Job Description of a Loan Processor A Loan Processor is responsible for collecting and verifying all loan documentation, including employment records, income statements, and asset information. They forward this documentation…
People who are interested in becoming loan officers in Texas can find the necessary information and requirements to do so here. Checkout this video: Introduction Are you passionate about working with people and helping them reach their financial goals? If so, a career as a loan officer might be a perfect fit for you. Loan…
The new PPP loan forgiveness application is now available. Here’s everything you need to know about how to report your PPP loan on your tax return. Checkout this video: Introduction The Paycheck Protection Program (PPP) is a loan program administered by the Small Business Administration (SBA) that is designed to provide economic relief to small…
If you’re thinking about refinancing your car loan, you might be wondering how soon you can do so after purchase. The answer may vary depending on your lender, but generally, you can refinance a car loan as soon as you have the title in hand. Keep reading to learn more about refinancing a car loan…
If you’re looking to finance an investment property, you’ll need to find a lender that offers investment property loans. Here’s a guide on how to get an investment property loan. Checkout this video: Introduction Getting an investment property loan is not as easy as getting a loan for your primary residence. In fact, it can…
The finance charge on a car loan is the total amount of interest and fees that the borrower will pay over the life of the loan. Checkout this video: Introducing the finance charge The finance charge on a car loan is the amount of money that the lender charges for the use of the loan….
A finance charge is the cost of borrowing money, and it’s typically expressed as a percentage of the loan amount. So, if you’re taking out a $10,000 loan with a 10% finance charge, you’ll end up paying $11,000 in total. Finance charges can vary depending on the type of loan you’re taking out, and they…
A loan origination fee is a charge assessed by a lender for processing a loan application. This fee is typically a percentage of the loan amount and can vary significantly from one lender to another. borrowers should be aware of this fee and factor it into their overall costs when shopping for a loan. Checkout…