What is a Bridge Loan?

What is a Bridge Loan?

A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. Checkout this video: Introduction A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending…

How to Qualify for a VA Loan

How to Qualify for a VA Loan

You may be wondering how to qualify for a VA loan. The Department of Veterans Affairs (VA) does not make loans, but instead they guarantee a portion of the loan. Checkout this video: Overview of the VA Loan Program The Department of Veterans Affairs (VA) Loan program is designed to help veterans, service members, and…

What is a HECM Loan?

What is a HECM Loan?

A Home Equity Conversion Mortgage (HECM) loan is a type of loan that allows you to convert your home equity into cash. Checkout this video: What is a HECM Loan? A HECM loan is a home equity conversion mortgage that allows you to cash in on the equity in your home. You can use a…

How Many Points Does Your Credit Score Go Up When You Pay Off a Car Loan

How Many Points Does Your Credit Score Go Up When You Pay Off a Car Loan

If you’re thinking about paying off your car loan, you might be wondering how it will affect your credit score. Here’s what you need to know. Checkout this video: How credit scoring works Your credit score is a number that represents your creditworthiness. It is used by lenders to determine whether you are a good…