If you’re shopping for a loan, you may have come across the term “origination fee.” Here’s what you need to know about this fee, including how it’s calculated and what it covers. Checkout this video: What is an origination fee? An origination fee is a fee charged by a lender for processing a loan application…
If you’re considering taking out a personal loan, you’re probably wondering what the average interest rate is. Here’s what you need to know. Checkout this video: Introduction The average interest rate for a personal loan depends on a number of factors, including the size of the loan, the length of the loan, your credit score,…
A mortgage loan originator (MLO) is a professional who helps potential home buyers obtain financing for their purchase. If you’re interested in a career in the mortgage industry, read on to learn how to become a mortgage loan originator. Checkout this video: Introduction Becoming a mortgage loan originator is a great way to enter the…
If you’re wondering why your PPP loan is taking so long to process, you’re not alone. Here’s a look at some of the factors that may be causing the delay. Checkout this video: The PPP Loan Process Applying for the Loan You can apply for a PPP loan through any existing SBA 7(a) lender or…
Non-conforming loans are loans that do not meet the guidelines of Fannie Mae or Freddie Mac. These loans typically have a higher interest rate and may require a larger down payment. Checkout this video: What is a Non Conforming Loan? A non-conforming loan is a loan that doesn’t meet the guidelines that are set by…
If you’re looking for information on where to apply for an FHA loan, you’ve come to the right place. In this blog post, we’ll provide some helpful tips on where you can go to get started. Checkout this video: Introduction Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers. And once you…
Before taking out a personal loan , it’s important to understand how they work. We’ll explain how personal loans work, including how to get one and what to expect. Checkout this video: Introduction A personal loan is a type of loan that is typically used for personal expenses, such as medical bills, home improvement projects,…
If you’re looking to take out a loan, it’s important to be prepared in case your application is rejected. Here are two things you can do if your lender rejects your loan. Checkout this video: Check your credit report for errors Getting rejected for a loan can be discouraging, but it’s important to remember that…
It can be difficult to get a loan for a mobile home because most lenders don’t finance them. However, there are a few ways you can get around this. You can either finance the mobile home through a personal loan or you can find a lender who specializes in mobile home loans. Checkout this video:…
If you’re a veteran using a VA loan to purchase a home, you may be wondering who is responsible for paying closing costs. Here’s what you need to know. Checkout this video: Who Pays Closing Costs on a VA Loan? If you’re a veteran or active military member, you may be eligible for a VA…