Loans Archive

A mortgage which does not fully amortize over the term of the loan and leaving a balance due at the time maturity is known as balloon mortgage.  The balloon mortgage common in commercial real estate …

Do you know what Payment Protection Insurance (PPI) is? Most often, it’s an insurance program sold with a mortgage that is meant to cover your payments in the event you fall ill or are unable …

A home equity loan is form of revolving credit in which your home serves as collateral. They are used by many homeowners to cover larger expenses such as education costs, home improvement costs or medical …

With the best of intentions, come the worst repercussions. Whether a payday loan or cash advance, these loans are intended to be short term. Loans which have extremely high fees or exorbitant, usury levels of …

Banks loan money for many different purposes. While some banks may specialize in commercial loans, most have a full range of loan products to offer depending upon which type of loan may be most appropriate. Those …

A reverse mortgage is a loan that is backed by either a portion or all of the equity from a home. Unlike a second mortgage or equity loan which also base value on a home’s …

Purchasing a vehicle is probably the first major purchase a person will make in their lifetime. It can involve you spending hours researching the make and model of the vehicle that will best suit your …

For some trying to consolidate credit card balances, or make a major purchase, a personal loan can look like an attractive option. The bank gives you a lump sum, and you pay it back gradually …

College can be an incredibly expensive life move that the large majority of Americans will make at some point in their lives. But with the expense comes a great deal of pride that the student …

While many people with a mortgage look forward to making the last payment, the reality is that the majority of homeowners carry a mortgage most of their life. Deep down inside, most people realize this and …

Taking out a mortgage is the largest financial undertaking that many of us will have to do. My tips are based (a) on knowledge gained working in the financial sector and (b) on my experience …

For a small business entity, getting that all awaited break with a ‘big deal’ would mean everything. However, the breakthrough deal may be worth substantial money and requires the small business to raise substantial amount …

Deciding which house you want to buy and putting in an offer is confusing enough, so when it comes to choosing a mortgage, with so many options available, it is easy to get overwhelmed. It …

Qualifying for stimulus refinance loans involves identifying which governement stimulus program one is eligable to apply for refinancing through. Two such programs are The Homeowners Affordability and Stability Plan which is part of U.S. Government’s …

If you are going to use a loan officer to buy a home, which is when they are typically used, or for some other large purchases, you should realize that not every loan officer is …

Student loans can give you the chance of attending a university that you would not otherwise be able to afford to attend. However, student loans are debt, and debt needs to be repaid. Therefore, you …

In the current economic climate, not many people try their luck with auto loans, thinking that they would get refused. However, there are some reputable firms offering better conditions than ever before, even with a …

Graduating from college can be an exciting time. Preparing to foray into the ‘real’ world to begin life is a bittersweet experience at best. Almost 1.6 million students will be graduating college in 2009*. Of …

Lets get one thing straight first, once you cut a check to the IRS and they cash it, it’s no longer your money but is the property of the Federal Government. We have elected officials …

I’m a lender. (Said with the same cringe a lawyer feels when he says “I’m a lawyer”.) In the joke department, lawyer jokes vs. lender jokes, lawyers have us beat. Same stigma though. Nobody likes …

The horrible truth about Payday loans. paydayloans.helium.com I’ve held quite a few jobs in my long lifetime. One of them was as a branch manager at a payday loan place. Let me tell you how …

I have been and still am a victim of predatory lending even as we speak! Several years ago when I was single, raising my son who was only two at the time, I had to …

Funding college has become an expensive business and many students do not qualify for enough scholarships, grants or financial aid to cover all their financial needs. If parents want to assist their child by funding …

If you are thinking of making improvements or looking for money to pay for your child’s college education you may be considering taking advantage of the equity in your home. Equity is the difference between …

We are caught up, as consumers, in finding any way possible to help fit into our budgets. That means that refinancing options are being explored as ways to make this happen. Saving money anywhere possible …

Banks remain the most trusted source of lending for most individuals. When a personal loan is required for something major such as a house purchase, buyers know they are taking on a long term commitment …

Having a good credit score is an important issue if you want to keep your finances healthy. Your credit report will determine your chances of getting approved for finance and thus, you should take great …

Preapproval Auto Loans When a buyer enters the game of auto sales, he needs all the plays available and preapproval leaves these with options. Each dealership or broker has options that they want to push …

Students loans can be of great benefit to those who want to educate themselves. But the decision to take out a loan that can run as high as six figures must be thought out carefully, …

First of all, let us understand how these companies work. The customer gains a loan by securing it on their purchased car.  There are no credit checks to go through, which is attractive to those …