If you’re a small business owner who has applied for a Paycheck Protection Program (PPP) loan, you may have come across the term “lender secondary review.” But what does this mean, and why is it important? Checkout this video: What is the ‘Lender Secondary Review’? The ‘lender secondary review’ is a process that some lenders…
A balloon loan is a type of mortgage where you make regular payments for a set period of time, usually five to seven years, and then pay off the remainder of the loan in one lump sum. Checkout this video: What is a Balloon Loan? A balloon loan is a type of loan that requires…
The savings and loan crisis of the 1980s was caused by a number of factors, including deregulation of the industry, high interest rates, and poor economic conditions. Checkout this video: The Federal Reserve’s monetary policy The Federal Reserve’s monetary policy in the early 1980s was a major cause of the savings and loan crisis. The…
It’s not as difficult as you may think to take out a loan with bad credit . Here are a few options to explore. Loan With Bad Credit’ style=”display:none”>Checkout this video: Know your credit score Your credit score is one of the most important factors in determining whether or not you will be approved for…
If you’re in the market for an auto loan, you may be wondering how banks verify income. Here’s a look at the process and what you can expect. Checkout this video: Introduction Banks typically require borrowers to provide proof of income when applying for an auto loan. This helps the bank determine whether the borrower…
If you’re new to loans , you might be wondering what a loan principal is. In short, it’s the amount of money you borrowed from the lender. Your loan payments will be made up of both the principal and the interest, which is the amount you pay for borrowing the money in the first place….
If you’re stuck in a Santander loan and want to get out, there are a few things you can do. Check out this blog post to learn more about your options. Checkout this video: Introduction Santander offers a range of loans to UK customers, from personal loans to car finance. If you’re struggling to make…
If you’re stuck in a negative equity car loan, there are a few things you can do to get out. Read on to learn more. Checkout this video: What is Negative Equity? If you owe more on your car loan than your car is worth, you have negative equity. This can happen if you have…
If you’re in the market for a new home loan , you may have heard the term “agency loan” thrown around. But what is an agency loan, and is it the right type of loan for you? Read on to learn more about agency loans and whether or not they may be a good fit…
Are you wondering how much you’ll be approved for on a home loan? It’s a common question, and there are a few factors that go into the answer. Check out this blog post to learn more. Checkout this video: Mortgage Basics When you’re ready to buy a home, the first step is figuring out how…