Understanding Loan Terms

Understanding Loan Terms

  • 3 Questions About Getting An Installment Loan

    In a situation where you have a need to borrow some money? If so, consider getting an installment loan. This type of loan not only improves your personal credit rating but will get you the cash you need. Here are two questions about getting this type of loan. 1. What Are Installment Loans? Installment loans are essentially loans that are paid off over time with fixed payments. You continue paying off the loan in small installments, and once you've paid off the balance with interest, the terms of the loan are complete.

  • 2 Tips To Prepare For Your First Mortgage

    Buying your first home requires plenty of planning. If you have good credit, chances are you aren't too worried about the mortgage process. Unfortunately, there can be a myriad of small issues that you are unaware of that could impact your mortgage. The impact can be minor, such as needing to provide more paperwork, to severe, such as having to deal with a denial or a higher than expected interest rate.

  • What Is A Home Equity Loan?

    If you need to get some work done on your home, you may think about getting a home equity loan. But, you may not be sure as to what a home equity loan is.  Home Equity When it comes to your home equity, there are a lot of things that go into figuring what it is. Basically, the equity is the difference between the fair market value of your home and the remainder of your mortgage.

About Me

Understanding Loan Terms

When I started my own company, I knew that I needed a little business capital and fast. In an effort to raise money, I worked with various lenders to discuss loans, financing, and special terms. Unfortunately, I quickly discovered that not every loan was created equally. Some loans had almost predatory terms like high interest rates and penalties, while others were completely fair. Fortunately, a business consultant of mine taught me about loans and financing, so that I could make better choices in the future. The information on this blog saved my business, and I know that it can help yours too.

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