You may have heard that only military personnel can get a VA loan. That’s not entirely accurate. Find out who is eligible for this type of loan. Checkout this video: The Borrower The borrower must be a bona fide resident of the United States. The spouse of a veteran can also apply for a VA…
How long do you have to occupy your home after a VA loan? The Veterans Administration doesn’t require a minimum length of time that a borrower must occupy a home purchased with a VA-backed loan. Checkout this video: Introduction Introduction The general rule for occupancy after purchase with a VA loan is that the borrower…
What is the maximum conventional loan amount? That’s a great question and one that we get asked a lot. The maximum loan amount for a conventional loan in 2019 is $484,350, for a single-family home. Checkout this video: The maximum loan amount is determined by: The maximum loan amount for a conventional mortgage is determined…
The PPP loan is calculated using your average monthly payroll costs from the last year. Find out how to calculate your loan amount. Checkout this video: What is PPP Loan? The PPP loan is a government-backed loan designed to provide relief to small businesses during the COVID-19 pandemic. The loan is calculated based on your…
The Paycheck Protection Program (PPP) loan forgiveness process can seem daunting, but we’re here to help. Check out our step-by-step guide on how to get your PPP loan forgiven and get back to business. PPP Loan Forgiveness’ style=”display:none”>Checkout this video: Applying for Your PPP Loan Gather the required documents To apply for your PPP loan…
If you have a loan , you probably want to know what loan payoff is. Loan payoff is the process of paying off your loan, and it can be a bit complicated. Read on to learn more about loan payoff and how it works. Checkout this video: What is Loan Payoff? Loan payoff is the…
There are a few options available to get a loan with no credit check. We’ve put together a list of the best methods to get a loan without a credit check. Checkout this video: Introduction If you have no credit history, you might think it’s impossible to get a loan. But there are actually a…
A loan covenant is a term in a loan agreement that requires the borrower to adhere to certain conditions. If the borrower violates a covenant, it is considered a default on the loan. Loan covenants are important because they protect the lender’s interests. Checkout this video: Introduction A loan covenant is a legal agreement between…
It can be difficult to qualify for a traditional bank loan if you have bad credit. However, there are a few options available to you if you’re in need of a loan for $20,000. In this blog post, we’ll explore a few of those options and provide some tips on how to get approved. Checkout…
How long does an SBA loan take to deposit into your business account? We’ll tell you what factors influence the timing of your SBA loan deposit. Checkout this video: SBA Loan Basics SBA loans are backed by the Small Business Administration and offer longer repayment terms than other types of loans. They can be used…