If you’re considering purchasing a fixer-upper or are in the middle of renovating your home, you may have come across the 203k Rehab Loan. This loan is a government-backed mortgage that allows you to finance not only the purchase price of the property, but also the cost of renovations. In this post, we’ll explain what…
It’s no secret that home improvement projects can be expensive. However, there are a few options for financing your home improvement project. In this blog post, we’ll discuss a few ways to get a loan for home improvement. Checkout this video: Research your options You’ll want to compare interest rates, terms, fees, and any other…
If you’re taking out a loan, you’ll need to sign a bunch of documents. But who actually provides and records these documents? Checkout this video: The Mortgage Process The loan process starts with the borrower applying for a loan with a lender. The lender will then order a property appraisal to determine the value of…
A loan officer’s salary varies based on experience, location, and employer. The median annual salary for loan officers was $63,650 in 2017, with the top 10% earning more than $104,530. Checkout this video: The Basics of a Loan Officer’s Salary A loan officer’s salary can vary greatly depending on experience, location, and the type of…
If you’re wondering what payroll costs are eligible for PPP loan forgiveness, you’re in the right place. In this blog post, we’ll go over everything you need to know about payroll costs and PPP loan forgiveness. Checkout this video: Introduction The Paycheck Protection Program (PPP) loan forgiveness process can be complex, and borrowers may have…
If you’re looking to pay down the principal on your car loan, there are a few different options available to you. We’ll explore some of the best ways to do this, so you can save money on interest and get your loan paid off faster. Checkout this video: Introduction The amount you pay each month…
A loan participation is an agreement between two financial institutions in which one institution agrees to purchase a portion of the other institution’s loan. Checkout this video: What is a Loan Participation? A loan participation is a type of loan in which multiple lenders share the risk of default by a borrower. In a loan…
How much you can borrow with a personal loan depends on a few factors. We’ve got all the info you need to know about personal loan borrowing power. Checkout this video: How Personal Loans Work A personal loan is an unsecured loan that you can use for just about anything. That means the loan doesn’t…
The interest rate on an SBA loan is determined by a number of factors, including the size and terms of the loan, the creditworthiness of the borrower, and the overall health of the economy. However, the interest rate on an SBA loan will always be lower than the interest rate on a conventional loan from…
Are you having second thoughts about that Paycheck Protection Program loan you applied for? Here’s how to cancel your PPP loan application. Checkout this video: Cancelling a PPP Loan Application You may cancel your PPP loan application at any time prior to the disbursement of funds by the lender. To do so, you will need…