An installment loan is a type of loan that is repaid in periodic payments, typically monthly payments, over a period of time. Checkout this video: Introduction An installment loan is a type of loan that allows you to borrow a fixed sum of money and then repay it over a set period of time, typically…
You may be able to remove PMI from your FHA loan if you meet certain conditions. Find out how and when you can get rid of this extra insurance. Checkout this video: Introduction Private mortgage insurance, or PMI, is insurance that lenders require borrowers to have when they get a mortgage and don’t have a…
Have you received a PPP loan for your small business? Here’s how to pay it back. Checkout this video: Introduction Assuming your business is still operational and you’ve used the loan for its intended purposes, you have two options for paying back your PPP loan: through regular installments or through forgiveness. If you choose forgiveness,…
Jumbo loans are available in California for eligible homebuyers and homeowners. Learn about jumbo loan limits, down payment requirements, and more. Checkout this video: Jumbo Loan Basics A Jumbo loan is a mortgage that has a loan amount that is higher than the Fannie Mae and Freddie Mac limits. In California, the loan limit is…
How to Calculate Interest on an Auto Loan – Find out how to calculate the interest on your auto loan so you can make informed decisions about your car purchase. Checkout this video: Introduction Auto loans are a type of revolving credit, which means that the borrower can make partial payments on the loan and…
The VA Loan Interest Rate is the rate charged on a VA Loan. This can be a fixed rate mortgage or an adjustable rate mortgage (ARM). Checkout this video: The Basics of VA Loans The VA loan interest rate is a type of mortgage loan that is designed for veterans and their families. The Department…
The federal student loan interest rate is the rate charged on Direct Subsidized Loans and Direct Unsubsidized Loans. Checkout this video: Federal Student Loan Interest Rates The federal student loan interest rate for undergraduates is 4.45%. This interest rate applies to Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans for the 2017-18 school…
Considering a business loan to finance your startup or small business? Check out this guide to learn everything you need to know about how to get a loan to buy a business. Checkout this video: SBA Loans The first step to apply for an SBA loan is to fill out the SBA loan application. This…
If you’re looking for a loan to help finance your next real estate project, you may be wondering how to get a hard money loan. Hard money loans are a type of financing that is based on the value of the property being used as collateral, rather than your personal credit history. While hard money…
The PPP loan application process can be daunting, but we’re here to help. In this blog post, we’ll walk you through how to fill out a PPP loan application. Checkout this video: Introduction The Paycheck Protection Program (PPP) loan is a loan designed to provide small businesses with the capital they need to keep their…