The principle of a loan is the original amount of money that is borrowed from a lender. The borrower will then make payments to the lender with interest until the loan is paid off. Checkout this video: Introduction When you take out a loan, you are essentially borrowing money from someone else. In order to…
If you’re thinking about taking out a personal loan, you might be wondering how it will affect your credit score. In this blog post, we’ll break down everything you need to know about how personal loans can impact your credit score. Checkout this video: Introduction While a personal loan can help you consolidate debt or…
Here’s everything you need to know about car title loans, including where to get one and how they work. Checkout this video: Introduction Car title loans are an option for people who need cash fast but don’t have the best credit. They can be easier to qualify for than traditional loans because they use your…
A CMBS loan is a commercial mortgage-backed security loan. This type of loan is given to a borrower in order to purchase a property that will be used for commercial purposes. The loan is then securitized and sold to investors in the form of a bond. Checkout this video: Introduction A CMBS loan is a…
You may be wondering how loan interest is calculated. Here, we’ll provide a brief overview of the most common methods used to calculate loan interest. Checkout this video: Introduction Loan interest is calculated based on the amount of the loan, the interest rate, and the length of time you have to repay the loan. You…
A fully amortized loan is a type of loan where the borrower pays back the loan in equal installments over the life of the loan. Checkout this video: Introduction A fully amortized loan is a loan where the principal and interest are repaid in full over the life of the loan. This type of loan…
If you’re approved for a loan modification , there are a few things that will happen. First, your loan terms will be changed, which may include your interest rate, monthly payment, and more. Then, you’ll need to make sure you keep up with the new terms of your loan, which can be a challenge. But…
If you’re notarizing loan documents in Georgia and want to become a loan signing agent, here’s what you need to know. Checkout this video: Introduction Loan signing agents are notaries public who are specially trained to witness the signing of loan documents. Loan signing agents must be impartial third parties who can verify that the…
If you’re looking to pay off your loan early, there are a few things you can do to make it happen. Check out our tips and tricks to learn how you can save money and pay off your loan early! Checkout this video: Introduction The best way to pay off a loan early is to…
You may be able to lower your monthly mortgage payment by including your student loan in your mortgage. Checkout this video: Introduction Congratulations on finally owning your home! This is a huge accomplishment, and you’ve probably been dreaming about this moment for years. But now that you’ve signed on the dotted line, reality is starting…