Interest only loans can be a great tool for borrowers looking to keep their monthly payments low. But how do they work? We break it down for you. Loan Work?’ style=”display:none”>Checkout this video: What is an interest only loan? An interest only loan is a type of loan where you only make payments on the…
If you’re considering taking out a payday loan , you might be wondering how long it will stay in the system. Here’s what you need to know. Checkout this video: What is a Payday Loan? A payday loan is a loan that you take out against your next paycheck. With this type of loan, you…
Find out what do you need for a personal loan. We have gathered everything you will need to apply for a personal loan so you can make an informed decision. Checkout this video: Loan Basics A personal loan is an unsecured loan that you can use for a variety of purposes, from consolidating debt to…
FHA loans are a popular choice for first-time homebuyers, but where do you go to apply for one? This quick guide will help you find the right lender. Checkout this video: FHA Basics The Federal Housing Administration (FHA) is a mortgage insurer, founded in 1934 as part of the National Housing Act. FHA’s mission is…
If you’re thinking about taking out a car loan, you’re probably wondering how much interest you’ll end up paying. In this blog post, we’ll show you how to calculate the total interest on your car loan so that you can make an informed decision. Checkout this video: Introduction Most car loans are simple interest loans….
If you’re a veteran looking to purchase a home, you may be wondering what the maximum VA loan amount is. The answer may surprise you – there is no maximum! Checkout this video: The Max VA Loan Amount is determined by the county in which the property is located. The maximum loan amount for a…
If you’re thinking about refinancing your FHA loan, there are a few things you need to know. Check out this blog post to learn more about when you can refinance your loan. Checkout this video: Overview of FHA Loans Federal Housing Administration (FHA) loans are mortgages that are issued by banks and finance companies, but…
If you’re a veteran or active duty service member, you may be wondering if a VA loan is the right choice for you. Here are some of the key benefits of a VA loan that you should consider: – No down payment required – More flexible credit requirements – Competitive interest rates – No private…
Here’s what could happen if you default on your student loans. Checkout this video: The Consequences of Default Defaulting on a student loan has serious consequences. Not only will it damage your credit, but it can also lead to wage garnishment, which means your employer will withhold a portion of your paycheck to go towards…
If you want to be debt-free, you need to know how to quickly pay off your car loan . Check out these tips and get on the fast track to being debt-free. Checkout this video: Assess your current car loan situation If you’re looking to get out of debt, one of the first places you…