Forgivable loans are part of the government’s CARES act to help small businesses during the COVID-19 pandemic. Here’s what you need to know about them. Loan from the Government?’ style=”display:none”>Checkout this video: What is a Forgivable Loan? The government offers a type of loan called a forgivable loan. This loan is given to those who…
If you’re a small business owner, you may be wondering what you can use a PPP loan for. Here’s a quick rundown of some of the most common expenses that can be covered by a PPP loan. Checkout this video: PPP Loan Basics The CARES Act, passed in March 2020 in response to the COVID-19…
It’s not impossible to get a personal loan with bad credit , but it may be more difficult than it is for those with good credit. Here are a few tips on how to apply for a personal loan with bad credit. Checkout this video: Research lenders that offer personal loans for bad credit There…
How Long Does a Loan Approval Last? It’s a common question we get asked and it’s one that doesn’t have a straightforward answer. The duration of a loan approval can depend on a number of factors, from the type of loan you’re applying for to your credit history. In this blog post, we’ll explore some…
A HOEPA loan is a home mortgage loan that has certain features that make it more expensive for the borrower. Checkout this video: What is a HOEPA Loan? A HOEPA loan is a home loan that has a much higher interest rate and fees than a traditional home loan. The acronym “HOEPA” stands for Home…
After successfully completing a Student Loan Rehabilitation, your account will be transferred out of default status. This is an important first step to regaining control of your finances. Checkout this video: The Process of Student Loan Rehabilitation After you have completed your student loan rehabilitation, the next steps will be to begin making payments on…
How Long Will It Take to Pay Off My Loan? It depends on the loan amount, interest rate, and term length. Follow this advice to pay off your loan as quickly as possible. Checkout this video: Introduction You’ve just taken out a loan, and you’re eager to start paying it off. But how long will…
There are a few different AFR rates available for family loans – so which one should you use? This blog post covers the different rates and how to choose the best one for your needs. Checkout this video: The AFR Rates The AFR rates are the rates set by the IRS for family loans. The…
A Higher Priced Mortgage Loan is a mortgage loan with an annual percentage rate that exceeds the average prime offer rate by more than 1.50 percentage points. Checkout this video: Introduction A Higher Priced Mortgage Loan (HPML) is a mortgage loan that has an Annual Percentage Rate (APR) that is greater than the Average Prime…
How long does it take to get an SBA loan? The answer may surprise you – it can be as fast as a few days, or it could take several months. It all depends on the individual case. Checkout this video: Introduction The SBA loan process can be time consuming, but it is worth it…