Mortgage loan closing costs can be confusing. This article explains what you can expect, and which one of these documents itemizes the closing costs. Checkout this video: What is a loan estimate? A loan estimate is a three-page document that you receive from a lender after you have indicated your interest in borrowing money to…
The underwriting process for a loan is when the lender reviews the potential borrower’s financial information to determine whether or not they are a good fit for the company. This process can take a few days or even a few weeks, depending on the complexity of the loan. Checkout this video: Introduction Loan underwriting is…
Not sure how to calculate interest on your student loans? No problem – we’ve got you covered. In this blog post, we’ll walk you through the process step-by-step so you can be confident that you’re doing it correctly. Checkout this video: Introduction Interest on student loans is calculated using a simple interest formula. The amount…
Wondering how to get an SBA loan? Check out this blog post for everything you need to know, from the eligibility requirements to the application process. Checkout this video: What is an SBA Loan? The U.S. Small Business Administration (SBA) offers several loan programs to help small businesses get started and grow. One of these…
A loan officer’s salary can vary based on experience, location, and other factors. However, on average, a loan officer can expect to make about $1,000 per loan. Checkout this video: Introduction Introduction Loan officers typically work in banks, credit unions, and mortgage companies. They help people acquire loans to buy homes, cars, and other large…
If you have bad credit, you might be wondering how to get approved for a car loan. Fortunately, there are a few things you can do to improve your chances of getting approved. Read on for some tips on how to get approved for a car loan with bad credit. Checkout this video: Introduction Bad…
If you’re considering taking out a Federal Direct Unsubsidized Loan, you’re probably wondering what exactly it is. Here’s a quick rundown of everything you need to know about this type of loan. Checkout this video: What is a Federal Direct Unsubsidized Loan? A Federal Direct Unsubsidized Loan is a need-based loan that is available to…
Learn how to find your SBA loan number so you can keep track of your loan and make payments. Checkout this video: Introduction If you have an SBA loan, you may need to find your loan number for a variety of reasons. For example, you may need it to make payments, to contact your lender,…
If you’re looking to save money on your car loan, refinancing may be a good option. Here’s a step-by-step guide on how to refinance your car loan. Checkout this video: Introduction When you refinance your car loan, you are essentially taking out a new loan to pay off your existing car loan. The new loan…
How much of a car loan can you afford? This is a question you need to answer before you start shopping for a new vehicle. Checkout this video: Introduction It’s no secret that buying a car is a big financial decision. In addition to the cost of the vehicle itself, you also have to factor…