It’s easier than you may think to get a loan with no credit . Here are a few options to explore. Checkout this video: Introduction Getting a loan with no credit is possible, but it may not be easy. There are a few options available to you, and it’s important to understand the pros and…
If you’re struggling to repay your student loans, you may be eligible for student loan forgiveness. Learn how to get student loan forgiveness and get rid of your debt. Checkout this video: Introduction The Department of Education (ED) offers several student loan forgiveness programs for certain career paths. If you’re interested in public service, teaching,…
How to Calculate Interest on a Loan. You can use this simple interest calculator to figure out how much interest you will pay on your loan. Checkout this video: Introduction Interest is the cost of borrowing money, and it is usually calculated as a percentage of the total loan amount. The interest rate is the…
Find out how to apply for student loan forgiveness in 2021. Learn about the different programs available and how to get started. Checkout this video: Introduction The first step to apply for student loan forgiveness is understanding what types of programs you may be eligible for. Currently, there are four major programs that offer forgiveness:…
By knowing how to reduce your total loan cost, you can save money on your home loan. Here are a few tips to help you get started. Checkout this video: Introduction Today, we’re going to talk about how you can reduce your total loan cost. We’ll cover the importance of paying down your principal, refinancing…
A secured loan is a loan that is backed by collateral. Collateral is an asset that the borrower pledges as a way to secure the loan. If the borrower defaults on the loan, the lender can seize the collateral to recoup their losses. Checkout this video: What is a secured loan? A secured loan is…
Find out what increases your total loan balance, including both principal and interest. Checkout this video: Introduction Your total loan balance is the amount you owe on your loan, including any interest and fees that have accrued. It is different from your loan principal, which is the amount you borrowed. There are a few things…
If you’re struggling to make your student loan payments, you might be wondering when they’ll resume after a hardship. Here’s what you need to know. Checkout this video: Introduction When you experience a financial hardship, you may be wondering when your student loan payments will resume. Depending on the type of hardship and your loan…
A conventional loan is a type of mortgage that is not backed by a government agency. Conventional loans are often also called “conforming” loans because they follow guidelines set by Fannie Mae and Freddie Mac. Checkout this video: Introduction A conventional loan is a type of mortgage loan that is not insured or guaranteed by…
A jumbo loan is a mortgage that has a loan amount that is higher than the conforming loan limit. This limit is set by the Federal Housing Finance Agency (FHFA) and varies by county. Checkout this video: What is a Jumbo Loan? A jumbo loan is a mortgage that has a maximum loan amount above…