Understanding Loan Terms

Understanding Loan Terms

  • What Kinds Of Assets Can Be Considered When Applying For A Commercial Real Estate Loan?

    Whether you are planning to expand your business or you want to do a complete overhaul of your office building, chances are that you're going to need a commercial real estate loan to make your upcoming construction project a reality. Luckily, you can use your assets to secure a loan that will meet your expectations both now and in the future. Following are a few different kinds of assets that may be considered as collateral when securing the commercial real estate loan you need.

  • Family Member In Jail? Why Bail Them Out From Jail

    Have you recently been contacted by a family member about them being in jail? If so, they may have asked for you to help bail them out so that they can have some freedom before their court date. If you're on the fence about getting a bail bond to help them out, here are some reasons you should do it. They Have A Job The complications of being in jail extend beyond dealing with the charges and appearing in court.

  • Considering a Mortgage Broker? 2 Things to Know

    Are you gearing up to purchase a home, but not sure if you should use a mortgage broker? They can help simplify the process for you when it comes to getting approved and finding a great interest rate. Here are some things you need to know about using a mortgage broker before moving forward. Mortgage Brokers Do All the Work The main reason many people use a mortgage broker is because they do the bulk of the work for you of shopping for a mortgage.

  • 2 Kinds Of Loans To Apply For To Finance Your Renovation Work

    If you want to renovate your house to make it bigger or more livable, you are going to need to have some way to finance it so that you can afford all the changes you want. There are various ways that you can do that.  1. Cash-Out Refinance One thing that you can do is refinance your house. If the current interest rates are lower than the interest rates you are currently paying on your mortgage, then this can be a good idea for you.

  • 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 

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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.