A loan’s maturity date is the last day the borrower can make a payment on the loan. After the maturity date, the lender can demand the full amount of the loan. Checkout this video: Introduction The maturity date on a loan is the date on which the loan will be due in full. The maturity…
Discover how to apply for a student loan for college with this easy to follow guide. We’ll help you understand the process and find the right loan for you. Checkout this video: Introduction There are a few different types of loans that students can apply for to help pay for their education. The most common…
A secured personal loan is a type of loan that uses your personal belongings as collateral. This can include your home, your car, or other valuable property. The advantage of a secured loan is that it usually comes with a lower interest rate than an unsecured loan. Checkout this video: What is a secured personal…
The deadline to apply for PPP loan forgiveness is fast approaching. If you’re still uncertain about the process or what you need to do, check out this blog post for more information. Checkout this video: PPP Loan Forgiveness Applications The PPP loan forgiveness application is now available on the SBA’s website. Borrowers can begin the…
How much down payment is needed for a construction loan? This is a common question among borrowers who are interested in building a home. The answer depends on a number of factors, including the type of construction loan you are using and the lender you are working with. Checkout this video: Introduction When you take…
A home construction loan is a short-term, high-interest loan that provides the funds required to build a residential property. Construction loans are typically issued by banks or credit unions and are only available to borrowers who are building a home, not buying an existing home. The loan is used to cover the costs of materials,…
If you’re considering consolidating your loans , you might be wondering what exactly that entails. Here’s a quick rundown of what consolidating a loan means, and how it could potentially benefit you. Checkout this video: Introduction Consolidating a loan means taking out a new loan to pay off multiple existing loans. This can be done…
The Paycheck Protection Program (PPP) loan is a government-backed loan that is meant to help small businesses keep their employees on the payroll during the COVID-19 pandemic. The loan is 100% forgivable if the business uses it for its intended purpose, which is to pay employees’ salaries and other eligible expenses. But how long do…
How Soon Can You Refinance a Car Loan? You may be able to refinance your car loan as soon as you have paid off a certain amount of the principal. Checkout this video: Introduction There are a few things to keep in mind when considering refinancing a car loan: your current loan terms, the current…
If you have bad credit and are looking for a home equity loan, there are a few things you can do to improve your chances of getting approved. Check out this blog post for more information. Checkout this video: Understanding Home Equity Loans A home equity loan is a type of loan in which the…