Mortgages can be a confusing topic for home buyers, especially when it comes to home builder mortgages. In this blog post, we will discuss what a home builder’s mortgage is, why you might need one, and how to get one. We will also provide some tips on how to make the process as smooth as
When you apply for a loan, your credit score and financial history directly influence your chances of approval. Secured loans are more stringent with their applicants since the lender is putting something at risk if you can’t repay them. There are always ways to increase your chances of approval when applying for a secured loan.
The average tuition costs in public universities have risen to $27,300 per session, while private institutions now cost as much as $50,800, excluding rooms and living expenses. The sheer costs of college have become a barrier preventing many from getting a college degree. In fact, a study in 2021 showed that 70% of students claim
To assist you in purchasing or improving your property, a bank or other financial institution may provide you with a house loan. In plain English, a home loan is a temporary, interest-bearing loan used to purchase or remodel a home. Until recently, this description sufficed to define a home loan, but today's rivalry among banks
A personal loan is a great way to quickly get the money you need. You can use it for a variety of purposes, including consolidating debt, covering unexpected expenses, and investing in your future. But before you compare personal loans and start applying, you need to have a strategy for using the loan to improve
A car title loan is a way to borrow money against the value of your car. If you own your car outright or have substantial equity in it, you may be able to qualify for a car title loan. This can be a great option if you need cash quickly for a financial emergency like
Did you recently file for bankruptcy and had some of your debts discharged? Bankruptcy can be a legal option for debt relief, but will the creditor likely allow you to get a personal loan. Can I Get a Loan After Bankruptcy? Yes, you can often get a loan after filing bankruptcy. That said, the type
You finally saved up enough money for a down payment on a house and you're feeling pretty good about your prospects. But then you start the loan process and realize just how difficult it is in getting an instant decision on a loan application. The requirements are strict and the process is long and complicated.
Technology has made our lives so much easier. We can keep all of our important records online where they’re safe from damage. I can call my friend who lives across the country and talk to her instantly instead of exchanging letters back and forth that may take days to reach her. I can even look
Need to Consolidate Credit Card Debt? Let Upstart, Tally and SoFi Help! At some point in their lives, most people find themselves saddled with some level of debt. This can be the result of financing a car or a home with multiple credit cards. Because of a lack of financial education, many people end up
Are you looking to buy a car soon? Here are a few tips to help you choose a financing solution that best fits your needs. If you are planning to purchase a car, you are most likely also considering taking out a car loan. If so, below we have provided 7 important tips about auto
There are lots of ways criminals take advantage of people in today’s world. The greater levels of interconnection and speed make fraud more accessible to those with bad intentions. People tend to be even more vulnerable, however, when something important is on the line for them—such as their finances. Student loans are a huge financial
If you’re considering taking out a personal loan, you probably want to find a way to make your borrowing go as far as possible. Whether you are consolidating debts, paying for a family vacation, purchasing a dream car, or covering a medical bill, it’s essential to shop around so you can find the best loan
Car loan amortization is the schedule that impacts how your car loan is paid off. As noted by the loan experts at Lantern by SoFi, “When a buyer uses financing to purchase a vehicle, the lender or financing company should provide that buyer with an auto loan amortization schedule. This schedule explains how the loan
Any loan offered in exchange for collateral is called a secured loan or secured debt. Accordingly, the risk to the lender is minimalized given the lender can take ownership of the collateral if a borrower fails to repay the loan. Secured loans are disbursed via credit card unions, banks or online loan matching platforms within
Every business needs capital investments to grow. If your business also needs one, you should contact a licensed moneylender to help you. Moneylenders are professionals who give out loans to people. They are different from banks, as they lend money and take interest. Most money lenders do not run deposit services. Getting a loan for
When you are struggling financially, there can be a temptation to cancel or delay loan installments. The idea that this may give you some “breathing space” is unfortunately fatally flawed. As we will cover in this article, most lenders will try to help where you are experiencing financial difficulties. However, if you suddenly stop paying
SoFi, the fintech startup that is streamlining how consumers manage their personal finance and investing to make their money work for them, is becoming a very popular personal finance app on the market nowadays. The word on the street is that SoFi is even considering a company IPO this 2021 year. Fortunately, SoFi is sharing
A home improvement loan is meant to help you finance renovations in your home. It is now easy to get a home improvement loan, considering the emerging online loan shopping options. Many home improvement loans are offered to borrowers with good credit scores. However, you will also find options for borrowers with fair credit. Here
Contrary to what you may think about personal loans, there are certain circumstances when taking out a personal loan is a good idea, or may even be smart. You may be asking yourself, in what hypothetical situation would a small personal loan be advantageous? Believe it or not, a personal loan is a vehicle meant
Are you planning to tie the knot this year or perhaps looking to expand a startup? Then, a personal loan might be a hassle-free and fast financing option for your needs. There are different loan options for varied circumstances. This makes personal loans a popular option because you can take out a loan for almost
Paying for college is usually the first major financial decision you will have to make in life, and for most of us, that will include whether or not to take out student loans, and how much to borrow. Understanding your loan options is critically important to this process. The two main types of student loans