The PPP loan forgiveness program has been a lifesaver for many small businesses during the COVID-19 pandemic. However, there is one potential downside to the program: the penalty for not properly following the rules. If you’re thinking about applying for PPP loan forgiveness, it’s important to understand the potential penalties for not following the program…
Considering a home equity loan? Here’s what you need to know about how long it takes to get a home equity loan, including how to speed up the process. Checkout this video: Home Equity Loan Process A home equity loan is a type of loan in which the borrower uses the equity of their home…
How to Calculate a Loan – Banks and other lenders use a complex set of criteria to determine the size and terms of the loan they’ll offer you. Checkout this video: Introduction When you borrow money, you agree to pay it back over time, usually with interest. To calculate the total cost of your loan,…
Being a loan underwriter is not as difficult as it may seem. You need to have some specific skills and knowledge to succeed. Checkout this video: Introduction A loan underwriter is a professional who reviews and evaluates loan applications. He or she makes sure that the borrower meets all the necessary requirements and that the…
Amortization is the process of spreading out a loan into a series of fixed payments over time. You’ll be paying off the loan’s interest and principal in different amounts each month, although your total payment remains equal each period. Checkout this video: Introduction Loan amortization is the process of incrementally paying off a loan. Each…
Use this VA loan calculator to estimate your monthly mortgage payments. This Veterans Affairs mortgage calculator factors in your monthly loan payments, taxes, and insurance. Checkout this video: What is a VA Loan? A VA loan is a mortgage loan in the United States that is backed by the United States Department of Veterans Affairs…
Are you interested in getting a business bank loan? If so, check out this blog post to learn how to get started. We’ll cover the basics of what you need to know in order to get a loan, as well as some tips to make the process go smoothly. Checkout this video: Research the different…
You need a business plan to get a loan. Here’s a template to follow with tips and advice on what to include in each section. Checkout this video: Introduction A business plan is a document that summarizes the operational and financial objectives of a business. It is used to track, monitor and evaluate the progress…
Discover how to get a business loan from the bank by reading this step-by-step guide. We’ll cover everything from preparing your application to understanding the loan approval process. Checkout this video: Introduction In order to get a business loan from the bank, you’ll need to put together a strongapplication. This will include a well-written business…
How Long Should You Take Out a Home Equity Loan For? You may be able to borrow against your home equity for a variety of reasons, including home improvements, medical bills or college tuition. But how long should you take out a home equity loan for? We’ll explore the answer to that question in this…