If you’re in the process of buying a home, you’re probably wondering how long it will take to get approved for a home loan. The answer depends on a number of factors, but in general, the approval process can take anywhere from a few days to a few weeks. In this blog post, we’ll walk…
A loan-to-value ratio is a crucial factor in securing a mortgage. Find out everything you need to know about this important metric. Checkout this video: Loan-to-Value Ratio The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of the asset. The LTV ratio is…
If you’re a small business owner, you may be wondering “What do I need for a PPP loan?” We’ve got you covered. Check out this blog post to learn more. Checkout this video: SBA Form 2483 Borrower Information The first section of the form is borrower information. Enter the legal name of your business, your…
Getting a business loan can be a tricky process, but there are a few things you can do to make it easier. First, make sure you have a strong business plan and a good credit score. Then, shop around for the best rates and terms. Finally, be prepared to provide collateral or a personal guarantee….
How do business loans work? Read on to find out the different types of financing available to small business owners and what factors lenders consider when making a loan . Checkout this video: Introduction Business loans are a type of financing that allows businesses to borrow money to grow, expand, or cover operational expenses. The…
A CD Loan is a type of loan that allows you to use your certificate of deposit (CD) as collateral. If you have a CD that has matured and you need cash, a CD loan may be a good option for you. Checkout this video: What is a CD Loan? A CD loan, also known…
A loan modification is a change made to the terms of your mortgage loan. The modification can be made by your lender or by an outside company that specializes in loan modifications. Checkout this video: What is a Loan Modification? A loan modification is when a lender agrees to change the original terms of your…
A Hero Loan is a mortgage loan that is available to veterans and active military personnel. This type of loan can be used for a variety of purposes, including purchasing a home, refinancing an existing home loan, or making home improvements. Checkout this video: Introduction A Hero Loan is a type of home loan that…
A federal loan is a loan made by the government through a federal program. These programs are designed to provide financial assistance to students attending college or career school. Checkout this video: Introduction A federal loan is a student loan that is guaranteed by the U.S. government. The government pays the interest on the loan…
How to Get a VA Loan Certificate of Eligibility: Veterans and service members can apply for a VA Loan Certificate of Eligibility (COE) to prove to lenders that they qualify for a VA-backed loan. Checkout this video: Introduction If you’re a Veteran, Reservist, or National Guard member, you may be eligible to get a VA…