If you’re considering a home loan , you may have come across the term “arm loan” and wondered what it meant. An arm loan is a type of mortgage loan that has an adjustable interest rate. Checkout this video: Introduction An adjustable-rate mortgage (ARM) is a loan with an interest rate that changes. ARMs start…
If you’re wondering when you can refinance a car loan, the answer is usually pretty soon after you take out the loan. In most cases, you can refinance a car loan as soon as you have equity in the vehicle. Keep reading to learn more about car loan refinancing and how it can benefit you….
A Unsubsidized Loan is a type of financial aid that is not based on your financial need. You are responsible for paying the interest on a Unsubsidized Loan while you are in school and during your grace period. Checkout this video: What is a Unsubsidized Loan? A unsubsidized loan is a type of financial aid…
If you’re in need of some quick cash and don’t have any collateral to put up for a secured loan, you may be wondering what an unsecured personal loan is. Keep reading to learn more about unsecured personal loans and whether or not they may be a good option for you. Checkout this video: Introduction…
If you’re considering taking out a loan to help pay for college, you may be wondering which type of loan requires that you pay the interest accumulated during college. The answer may surprise you – it depends on the type of loan you take out! Read on to learn more about the different types of…
If you have bad credit, you may be wondering how you can get a home loan. Here are some tips that may help you get approved for a loan. Checkout this video: Check Your Credit Score The first step is to check your credit score. You can get a free credit report from each of…
If you’re one of the many small business owners who have taken out a PPP loan , you’re probably wondering what the new rules are for loan forgiveness. Thankfully, the SBA has released some guidance on the matter. Here’s what you need to know. Checkout this video: PPP Loan Forgiveness The Paycheck Protection Program (PPP)…
If you’re aware of any potential fraud related to the Paycheck Protection Program (PPP), it’s important to report it as soon as possible. Here’s how to do so. Checkout this video: What is PPP loan fraud? Types of PPP loan fraud There are several types of PPP loan fraud, but they all involve someone submitting…
If you’re wondering what the deadline is for PPP loan forgiveness in 2021, you’re not alone. Many small business owners are still trying to figure out the best way to move forward with their PPP loans, and forgiveness is a big part of that equation. The good news is that there is some flexibility built…
What does it mean to default on a loan? It means you have failed to make the required payments on your loan. This can have serious consequences, including damage to your credit score, the loss of your collateral, and even legal action. Defaulting on a loan is a serious matter, and it’s important to understand…