Category: Loans

Home Loans
An Easy Way To Understand Asset Based Lending
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An Easy Way To Understand Asset Based Lending

Since it’s unlikely for lenders to always accurately predict that borrowers will default on their loans or not, several lenders have come up with different methods of limiting the risks on the loans they provide. One of such methods is Asset based lending. So what exactly does it mean and how does it work? Let’s...

A Quick Guide To Balloon Payments
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A Quick Guide To Balloon Payments

There are some payments you might be required to make when you get a balloon loan from a lender. One of such is a balloon payment. For instance, if you obtain a balloon loan like a mortgage, a commercial loan or any other amortized loan, you’re required to make a large payment at the end...

What Everyone Should Know About Bridge Loans
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What Everyone Should Know About Bridge Loans

There are several different available loan options. Some are long-term-loans while others are short-term loans. So just before you apply for any type of loan, you should find out if it’s a long term or a short term loan. Find out how it works, how you can make the most of it and the downside...

Getting Started With Student Loans
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Getting Started With Student Loans

Many college students will end up borrowing one or more student loans before the end of their education. This is because the number of government grants aren’t enough to cater for all college expenses. Currently, each year, there are over $100 billion worth of new student loans. Also, there are more than $1 trillion outstanding...

A Beginner’s Guide To FHA Home Loans
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A Beginner’s Guide To FHA Home Loans

It wouldn’t take long for you to figure out that there are several different available mortgage options when you’re looking to buy a home. A basic knowledge about the different types of mortgages, how they work, and their benefits can make a significant difference in how much your down payment will be and the interest...

How To Get A Private Student Loan Even With A Bad Credit
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How To Get A Private Student Loan Even With A Bad Credit

If you don’t have a high credit score and you’re interested in securing a private student loan, it may seem like the end of the world if a lender turned down your loan application. Private student loan lenders are mostly interested in creditworthy applicants. They want to be sure that you can repay the debt...

Why You Should Opt For Federal Student Loans
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Why You Should Opt For Federal Student Loans

When you’re shopping for a loan to fund your education, you’ll have to choose one out of two key available options. You can either opt for a federal student loan or a private student loan. But what’s the difference between both types of loans? Here’s the deal: Federal student loans are formed by the government....

What Credit Score Do You Need To Get A Private Student Loan?
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What Credit Score Do You Need To Get A Private Student Loan?

If you’re looking to get a Federal student loan to finance your education, you’re not required to have any precise credit score to be eligible for the loan. But if you’re considering private lenders, you are required to show your creditworthiness with your credit score. Find out why a federal student loan could be your...

What is An Emergency Fund And Why Do You Need One?
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What is An Emergency Fund And Why Do You Need One?

The outcome of many life events are unpredictable! Sometimes, unexpected events occur. What if the company you’re working for folds up all of a sudden? Or if a storm damages a significant part of your home leaving you and your loved ones homeless for a while? Or perhaps the government shuts down again because of...

The Simplest Guidance For Loan Amortization
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The Simplest Guidance For Loan Amortization

Loan amortization gives customers a crystal clear picture of the amount they are expected to repay in the course of each repayment cycle. Borrowers will have a flat repayment plan during the entire period of repaying their loan. Repayments are expected in consistent installments in an agreed amount that includes both principal and interest. Some...

The Modern Rules Of Loan Refinancing 
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The Modern Rules Of Loan Refinancing 

When you obtain a new loan in order to pay off one or more previous loans, that’s loan refinancing. It’s pretty easy! But why should anyone consider refinancing his or her loans? Borrowers often refinance their loans in order to get lower interest rates or to slash the amount they ought to repay. Also, borrowers...

A Few Quick Tips About Installment Loans
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A Few Quick Tips About Installment Loans

Installment loans! Chances are you’ve heard about that term several times from a friend, a loan expert or perhaps online or in the media. But what exactly is an installment loan? An installment loan is any type of consumer loan that mandates the borrower to pay back in due course based on a pre-agreed schedule....