Understanding Loan Terms

Understanding Loan Terms

  • What Is A Loan Estimate With A Mortgage?

    One of the best ways to comparison shop for a mortgage loan is by asking lenders for a loan estimate. A loan estimate is a document a lender prepares for you that shows you the costs of a loan and other vital details. If you ask a few lenders for these, you can easily compare your loan options to choose the best one. Here are some details about loan estimates to help you understand what they are, how they work, and how to use them.

  • Six Things To Know As A Native American Or Alaska Native Interested In Owning A Home

    If you want to own your own home, you need to do your research and explore all the home loan options available to you. As a Native American or Alaska Native, you might be eligible for certain home loan programs that can make homeownership easier for you and your family to achieve.  The following are six things to know as a Native American or Alaska Native interested in owning a home.

  • How To Finance A Fix And Flip Project

    After watching a TV series on flipping homes, you might decide that you would like to give it a try. If you want to try flipping a house, you will need to know some things about home renovations and design. You will also need to find a way to finance your project if you do not have enough cash to use. How can you finance this type of project? Here is an explanation of the options you have and the steps you can use to complete a fix and flip project.

  • 3 Top Benefits Of Using Real Estate Refinancing For Buying New Property

    Did you know you can use your current real estate property to expand your investment portfolio? You can borrow against your current home and use the money to acquire new property. Real estate refinancing allows you to borrow another mortgage, pay off the current mortgage, and use the balance for other purposes. When you take the balance in cash, it is known as cash-out refinancing. You can use the cash to put down a deposit for other property.

  • 3 Things to Know About Repaying a Payday Loan

    Getting a payday loan offers a way to have some extra cash quickly without a credit check. As a result, many people choose payday loans when they need some money for their bills or unexpected expenses. However, if you get a payday loan, you might have some questions about repaying it. Here are three vital things to know about repaying a payday loan. 1. The Lender Might Set Up Repayment When Issuing You the Money

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About Me
Understanding Loan Terms

When was the last time you realized you were in the red financially? Although most people don't think about their finances on a day to day basis, it can be easy to find yourself living paycheck to paycheck if you aren't careful. I began thinking carefully about the financial implications of some life decisions I was making, and I knew I had to make a difference. I talked with a loan officer about getting things together, and he was instrumental in helping me to work things out. Read more about my financial successes and failures on this little website. You might be able to avoid some of my previous mistakes.