A non-recourse loan is a loan where the borrower is only responsible for repaying the loan if the collateral (usually real estate) sale proceeds are sufficient to repay the loan. Checkout this video: Introduction A non-recourse loan is a type of loan which is secured by a pledge of collateral, typically real estate, but for…
If you’re wondering how long it will take to get your PPP loan , the answer may depend on a few different factors. Keep reading to learn more. Checkout this video: Introduction The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on the…
A loan’s principal is the initial amount of money borrowed, plus any additional money borrowed along the way. The interest is the cost of borrowing money, and is usually a percentage of the principal. Checkout this video: Introduction The principal of a loan is the original sum of money that is borrowed before any interest…
How long does it take to get PPP loan approval? We’ll take a look at the different factors that can affect the timeline for your application. Checkout this video: Applying for a PPP Loan Applying for a PPP loan can take a few days to a week. The process is mostly electronic, so you will…
You may be wondering what do you need to get a car loan? In order to get a car loan, there are a few things you will need. The first thing you need is proof of income. Lenders will want to see that you have a steady stream of income coming in to make sure…
How much is a jumbo loan in California? The amount you can borrow with a jumbo loan in California depends on a variety of factors, including the value of your home, your credit score, and your income. Checkout this video: Jumbo Loan Basics A jumbo loan is a type of mortgage loan that is available…
It can be difficult to buy a car from a private seller with a loan, but it is possible. You just need to be prepared and know what to expect. This guide will show you how to buy a car from a private seller with a loan. Checkout this video: Research the car you want…
The conforming loan limit is the maximum size of a mortgage that Fannie Mae or Freddie Mac can finance. Conforming loan limits are used to keep prices stable in areas where home prices are relatively high. Checkout this video: What is the Conforming Loan Limit? In the United States, a conforming loan is a mortgage…
If you’re looking to get a car loan with a low APR, you’ll want to follow these tips. We’ll show you how to get the best rate on your loan. Checkout this video: Introduction Assuming you have good credit, there are a few things you can do to get a low APR on a car…
Before you begin the process of applying for a student loan, you’ll need to know what type of loan you’re looking for and gather the necessary paperwork. Checkout this video: Introduction Students who are interested in pursuing a college education have a few different options when it comes to financing their education. One option is…