Understanding Loan Terms

Understanding Loan Terms

  • How FHA Loans Are Different from Conventional Loans

    If you are not able to qualify for a conventional loan, you may be able to qualify for an FHA loan with a credit score as low as 500. You will also not have to sacrifice as much flexibility as you think. While you cannot have a short-term loan that lasts 10 years, you have the option of a loan that lasts 15 or 30 years.  Variable Loans Aren't an Option 

  • To Bond Or Let Wait? What To Know When Someone Is Behind Bars

    If you are trying to get someone out of jail and you aren't sure how to start the process, you first have to make bail. This is a set amount of money that will be required to get them out, and then they will have to show back up in court on the day that they are assigned to be there. If you aren't sure what the best method is to get the money to get the person out, here are some of the options that you can try and explore to get the funds.

  • How To Know If You Are Ready To Apply For A Home Loan

    If you are tired of paying rent to a landlord every month and would like to finally own your own home, you will most likely be in need of one of the many home loans out there that local and national lenders are offering. Before you apply for a loan, it is important to make sure that you are checking to see if you are ready for the application process. This way, you will be able to go into the lender's office with faith that you have a great chance of being approved for the home loan that you need.

  • Answers For Those Getting Personal Loans

    There are many different reasons that you will need to obtain a loan. While getting a loan is a fairly routine process, there are some basic facts about this type of financing that individuals should review before they start the application process for obtaining financing. What Is The Difference Between Pre-Qualification For Loans And Pre-Approval? Individuals that have limited experience with loans may be unsure of the difference between being pre-qualified for a loan and having pre-approval.

  • Understanding The Basics Of Bail

    Many people who are first-time offenders or who have been arrested for the first time do not know what to expect after they are processed by police and incarcerated. However, all people have rights under the law that protect them from punishment and from unfair processing. The law assumes your innocence until you can be proven guilty, and this means that you usually can't be continually jailed for a crime that you are not yet convicted of committing, even after you have been arrested.

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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.