There are a few methods you can use to get a loan without having to show proof of income. You can use a cosigner, get a no-income verification loan, or use alternative income documentation. Checkout this video: Introduction There are a few ways that you can get a loan without having to show proof of…
If you’re considering a career in mortgage lending, you may be wondering how loan officers get paid. In this blog post, we’ll explain how commission works in the industry. Checkout this video: Mortgage Loan Officer Basics Mortgage loan officers typically get paid 1% of the loan amount at closing. So, if you’re borrowing $200,000, the…
You’ve been denied for a loan – now what? Here’s what to do (and not do) if your loan application is rejected. Checkout this video: Don’t take it personally It can be disheartening and even a little bit embarrassing to be rejected for a loan, but it doesn’t mean there’s something wrong with you. Loan…
If you took out a PPP loan to help your small business through the Covid-19 pandemic, you may be wondering if you qualify for loan forgiveness. The answer depends on how you used the loan and how much documentation you can provide. Read on to learn more. PPP Loan Forgiveness?’ style=”display:none”>Checkout this video: Overview of…
If you’re looking to take out a loan to buy a home, you may be wondering which is a better option for you: an FHA loan or a conventional loan? Here’s a rundown of the pros and cons of each type of loan to help you make a decision. Checkout this video: FHA Loans Low…
It can take anywhere from a few days to a few weeks to get a loan from a bank. The exact time frame depends on the bank’s policies and procedures, as well as your own personal circumstances. To make sure you get the loan as quickly as possible, follow these tips. Checkout this video: Introduction…
If you’re a small business owner who took out a Paycheck Protection Program (PPP) loan, you may be wondering if your loan can be forgiven. Here’s what you need to know. PPP Loan Forgiveness?’ style=”display:none”>Checkout this video: PPP Loan Basics The Paycheck Protection Program is a loan designed to provide a direct incentive for small…
What is the cost of a loan? This is a question that many people ask when they are considering taking out a loan. The answer to this question depends on a number of factors, including the type of loan, the interest rate, and the term of the loan. Checkout this video: Introduction The cost of…
If you’re a business owner looking to take out a commercial loan, you’re probably wondering what the current interest rate is. Here’s a quick rundown of what you need to know. Checkout this video: Introduction The current interest rate for a commercial loan can vary depending on a number of factors, such as the size…
If you’re wondering how long it will take to get your PPP loan approved, you’re not alone. Many small business owners are eager to get their hands on this much-needed financial assistance, but the process can seem daunting. Here’s a quick overview of what you can expect. Checkout this video: PPP Loan Application The process…