If you’re in the process of applying for a loan, you may have come across the term “curtailment.” But what does it actually mean? In this blog post, we’ll explain everything you need to know about loan curtailment, including what it is, how it works, and what its benefits are. Checkout this video: Understanding Curtailment…
Wondering where the interest goes on a 401k loan? We’ve got the answer! Check out our blog post to learn more. Checkout this video: The Basics of a 401k Loan A 401k loan is a loan that is taken out against your 401k account. The money can be used for anything, but most people use…
Making a Recommendation to Tom: Which Loan Should He Use? If you’re looking for a loan, you may be wondering which one is right for you. Tom has two options: a fixed-rate loan or an adjustable-rate loan. Here’s a quick rundown of the pros and cons of each type of loan to help Tom make…
A mortgage lender makes a profit by charging interest on the loan they give to borrowers. They make money on both the front end and the back end. Checkout this video: Introduction Mortgage lenders make money from loans in two different ways: through the interest charged on the loan and through origination fees charged at…
If you’re looking to finance your college education, you may be wondering what a college loan is. A college loan is a type of loan that can be used to cover the costs of your tuition and other expenses. There are many different types of college loans available, so it’s important to do your research…
How Many Paystubs Do I Need for a Car Loan? This is a question we get asked a lot and the answer may surprise you. The number of paystubs you need for a car loan varies depending on the lender. Generally, most lenders will require at least two paystubs in order to qualify you for…
If you’re wondering where to submit your PPP loan forgiveness application, look no further! We’ve got all the info you need right here. PPP Loan Forgiveness Application’ style=”display:none”>Checkout this video: SBA Loan Forgiveness Application The Paycheck Protection Program (PPP) loan forgiveness application is now available on the Small Business Administration (SBA) website. If you have…
A loan amortization schedule is a table that shows each loan payment and a breakdown of the amount of interest and principal you are paying. Checkout this video: Introduction A loan amortization schedule is a table that shows each scheduled loan payment, typically on a monthly basis, and the amount of principal and interest that…
Do you know how interest works on your home loan? If not, read this blog post to find out! We’ll explain how interest is calculated and how it affects your monthly payments. Checkout this video: What is interest? Put simply, interest is the cost of borrowing money. When you take out a loan , the…
How to Get a Bigger Loan – Tips and Tricks from the Pros If you’re looking to get a bigger loan, there are a few things you can do to increase your chances of being approved. In this blog post, we’ll share some tips and tricks from the pros on how to get a bigger…