The Conforming Loan Limit for 2021 is $548,250. This is an increase from the 2020 limit of $510,400. The 2021 loan limit is based on median home prices from FHFA’s House Price Index. Checkout this video: The Conforming Loan Limit The conforming loan limit is the maximum loan size that Fannie Mae and Freddie Mac…
It’s not as difficult as you may think to qualify for a car loan. Here are a few tips on how to qualify for a car loan. Checkout this video: Understanding Your Credit Score Your credit score is one of the most important factors in qualifying for a car loan. Lenders use your credit score…
We all know that starting a business can be a risky proposition, but what about when it comes to financing your business? How can you get a loan for your business? Checkout this video: Research the Different Types of Loans Before you even start looking for a loan, you should have a good understanding of…
A loan of last resort, a pledge loan is when you pledge an asset, such as equity in your home, to secure the loan. Checkout this video: What is a Pledge Loan? A pledge loan is a type of loan in which the borrower pledges an asset, such as a car or piece of jewelry,…
If you’re wondering how long it will take to get your PPP loan , the answer depends on a few factors. In this blog post, we’ll help you understand the timeline for applying for and receiving a PPP loan. Checkout this video: How long does the application process take? After you submit your completed application,…
If you’re stuck in a payday loan , you’re not alone. Millions of Americans take out these high-interest loans each year, and many of them find themselves in a cycle of debt. If you’re struggling to pay off a payday loan, there are a few things you can do to get out of the debt…
A consolidation loan is a great way to pay off multiple debts with a single monthly payment. But how does it work? We’ve got the answer. Checkout this video: What is a consolidation loan? A consolidation loan is a type of loan that allows you to pay off multiple debts with a single loan. This…
wondering what the interest rate is for a student loan? We’ve got you covered. In this blog post, we’ll break down everything you need to know about student loan interest rates. Checkout this video: The Federal Interest Rate for Student Loans The interest rate for federal student loans is set by Congress. The current interest…
If you’re wondering what the deadline is for applying for a PPP loan , you’re not alone. Many small business owners are still trying to figure out the best way to navigate the COVID-19 pandemic, and the Paycheck Protection Program is a big part of that. The good news is that you have until June…
FHA mortgage insurance premiums (MIPs) can be somewhat confusing to home buyers. There are several factors that come into play when you’re trying to calculate how much you’ll be paying in MIPs on your FHA loan. In this article, we’ll take a look at the MIP rates for FHA loans in 2021 and how they…