A wraparound loan is a type of mortgage loan that allows the borrower to “wrap” or include the existing loan on the property being purchased. Checkout this video: What is a Wraparound Loan? A wraparound loan is a type of mortgage loan that allows the borrower to combine both a first and a second mortgage…
It’s no secret that auto loan rates are at historic lows. Here’s how to get a low APR car loan and save money on your next vehicle purchase. Checkout this video: Introduction Your APR (annual percentage rate) is the cost of borrowing money for one year, including interest, fees, and other costs. For example, if…
If you’re looking to take out a loan on your house, there are a few things you need to know. Follow this advice and you’ll be able to get the loan you need without any problems. Checkout this video: Introduction A home equity loan is a second mortgage that allows you to borrow against the…
If you default on a loan, it means you failed to make the required payments on time. This can have serious consequences, including damage to your credit score, the loss of your collateral, and even legal action. Checkout this video: The Consequences of Default Defaulting on a loan can have serious consequences. If you default…
The APR is the most important factor in a car loan. Here’s why: it’s the total cost of borrowing, including interest, fees, and other charges. Checkout this video: What is APR? APR stands for annual percentage rate, and it’s the main factor you should look at when comparing car loans. The APR tells you the…
Asking for a loan from a bank can be a daunting task, but it doesn’t have to be. By following these simple tips, you can increase your chances of getting the loan you need. Checkout this video: Do Your Research Before walking into a bank and asking for a loan, it is important that you…
A straight loan is a loan where the interest and principal are paid back in full at the end of the loan term. Checkout this video: Introduction A straight loan is a type of loan in which the borrower receives a lump sum of money all at once and then repays the loan over a…
In this blog post, we will show you how to calculate a loan payment in Excel. This is a simple and easy process that anyone can do. Checkout this video: Introduction Finding the payment amount for a loan can seem daunting, but it’s actually pretty simple. You just need to know the amount of the…
If you’re in the process of shopping for a home loan, you may be wondering how long your loan approval is good for. Read on to learn more about loan approval timelines and what you can do to ensure your loan is still valid when you’re ready to make an offer on a home. Checkout…
How Does an Arm Loan Work? You may have heard of adjustable-rate mortgages (ARMs), but what exactly is an ARM loan? In this post, we’ll take a look at how ARMs work and what the benefits and disadvantages are of this type of loan. Checkout this video: What is an arm loan? An adjustable-rate mortgage…