What is a Loan Assumption?

What is a Loan Assumption?

A loan assumption is when a borrower takes over the responsibility of paying back a loan from the original borrower. This can be done with most types of loans , including mortgages, auto loans, and personal loans. Checkout this video: What is a Loan Assumption? A loan assumption is when a buyer takes over the…

What is Student Loan Default and How to Avoid It

What is Student Loan Default and How to Avoid It

If you’re thinking about taking out a student loan, you’re probably wondering what could happen if you can’t make your payments. One potential outcome is default, which can have serious consequences. In this blog post, we’ll explain what student loan default is and how you can avoid it. Checkout this video: Introduction Defaulting on your…

What is the Home Loan?

What is the Home Loan?

Not sure what a home loan is? You’re not alone. In this blog post, we’ll explain what a home loan is and how it can help you finance the purchase of a new home. Checkout this video: What is the Home Loan? Home loan is a sum of money that a bank or financial institution…

How Long After SBA Loan Approval Will You Receive Funds?

How Long After SBA Loan Approval Will You Receive Funds?

If you’re approved for an SBA loan, you may be wondering how long it will take to actually receive the funds. Here’s a look at the timeline you can expect. Checkout this video: SBA Loan Basics The Small Business Administration (SBA) is a government agency that provides support to small businesses and entrepreneurs. One of…