Find out how much a car loan can drop your credit score and what you can do to mitigate the damage. Checkout this video: The Car Loan Process If you’re in the market for a new car, you’re probably wondering how a car loan will affect your credit score. It’s a good question, and one…
Do you have questions about how a VA loan works? We have answers. Check out our latest blog post to learn everything you need to know about VA loans. Checkout this video: What is a VA Loan? A VA loan is a home loan that is backed by the Department of Veterans Affairs (VA). These…
An unsecured loan is a loan that is not backed by any collateral. This means that if you default on the loan, the lender will not be able to seize any of your assets. Unsecured loans are generally more difficult to qualify for than secured loans, and they often come with higher interest rates. Checkout…
The maturity date is the end of the loan term. At that point, the entire outstanding balance of the loan is due. Checkout this video: Introduction The maturity date on a car loan is the date by which the loan must be repaid in full. If you do not repay the loan by the maturity…
A mezzanine loan is a type of debt financing that allows a borrower to raise capital by using the equity in their property as collateral. This type of loan is often used by businesses to finance the purchase or expansion of a commercial property. Checkout this video: Introduction Mezzanine loans are a type of financing…
Check out our latest blog post to see how much you can get for a personal loan. We’ll give you some tips on how to get the best rate possible. Checkout this video: How Much Can You Borrow? The maximum amount you can borrow for a personal loan depends on a number of factors, including…
The interest rate on a FHA loan is determined by the market and by the borrower’s credit. Borrowers with higher credit scores will usually get lower interest rates. Checkout this video: Introduction FHA loans are government-backed mortgages with more flexible lending requirements than those for conventional loans. FHA loans allow qualified buyers to purchase homes…
You may be able to obtain another VA loan even if you’ve already used your loan entitlement. Learn more about how VA loans can be used. Checkout this video: Introduction The Department of Veterans Affairs’ loan program lets qualified veterans, service members and surviving spouses to buy, refinance or build a home with no down…
A mortgage loan officer’s salary depends on many factors, including education, experience, location, and the size of the lending institution. Checkout this video: Mortgage Loan Officer Salaries Mortgage loan officers earn a median salary of $64,660 per year, or $31.10 per hour, as of May 2016, according to the U.S. Bureau of Labor Statistics. On…
If you’re thinking about refinancing your car loan, there are a few things you need to know. In this blog post, we’ll cover what refinancing is, how it can save you money, and what to watch out for. Checkout this video: Introduction If you’re struggling to make your car loan payments, you may be considering…