You may be wondering how to get a million dollar loan. Here are a few tips to help you get started. Checkout this video: Introduction It’s no secret that loans can be a great way to finance a major purchase or project. But when it comes to borrowing large sums of money, not just any…
You may be wondering what you can use a student loan for. The answer is, quite a lot! You can use your loan for tuition, fees, books, and other education-related expenses. You can also use it for room and board, if you’re attending school away from home. So if you’re looking for ways to finance…
A new construction loan is a short-term loan used to finance the construction of a new home. When you receive a new construction loan, you’ll work with a loan officer to determine how much money you need to borrow to finance your new home. The loan officer will also help you determine what type of…
If you’re considering taking out a loan, you may be wondering what an unsecured loan is and how it differs from a secured loan. Keep reading to learn more about unsecured loans and what they mean for borrowers. Checkout this video: Unsecured Loan Basics An unsecured loan is a loan that is not backed by…
How much does a loan officer make per transaction? We take a look at the average salary and commission structure for loan officers to give you an idea. Checkout this video: Introduction The average loan officer earned $64,660 in 2016, according to the U.S. Bureau of Labor Statistics. The top earners in the profession made…
How much is a small business loan? The answer to this question depends on a number of factors, including the type of loan, the lender, and the Small Business Administration (SBA). Checkout this video: How Much is a Small Business Loan? A small business loan is a loan specifically designed for small businesses. There are…
The 401k loan is a great way to get the money you need without having to dip into your retirement savings. Learn how it works and how to use it wisely. Checkout this video: Introduction A 401k loan is a kind of loan that allows individuals to borrow money from their own retirement savings. This…
Wondering how long the Eidl loan process takes? We’ve got you covered. Check out our blog post to learn more. Checkout this video: Introduction The Eidl loan process can take anywhere from a few days to a few weeks. The first step is to complete an application on the Small Business Administration (SBA) website. After…
How Much Down Payment Do You Need for a Conventional Loan? You can put as little as 3% down on a conventional loan, but 20% is typically required to avoid paying private mortgage insurance (PMI). Checkout this video: How Much Down Payment Do You Need for a Conventional Loan? How much down payment do you…
How to Calculate Daily Interest on a Loan. You can use this simple formula to calculate the daily interest on a loan. Checkout this video: Introduction When you obtain a loan, you agree to pay back the principal, plus interest. The rate of interest is usually stated as an annual percentage; for example, 5%. But…