Camilla Bartell For many borrowers, your interest rate will be the same as it was before the 0% interest began. But some borrowers will find their interest rate has changed. For example, your interest may have changed if you consolidated your loans during the payment pause. As the novel coronavirus pandemic continues to have an unprecedented effect … Read more
Having access to a loan is essential for many people as they navigate through life and meet certain milestones. The ability to get a loan can be key in making major purchases and investments, such as buying a car, starting a business, and paying for higher education. Unfortunately, the process of obtaining a loan can … Read more
If you’ve ever taken out a loan through your 401K, you know that it can be a great way to access extra funds without having to take out a loan from a traditional bank or lender. However, it’s important to remember that if you don’t pay back your 401K loans on time, you could face … Read more
When it comes to paying for college, student loans are often an essential part of the equation. Student loans can provide the funds needed to cover tuition, fees, and other educational expenses. However, there may be times when students find themselves unable to make their loan payments due to financial hardship or other extenuating circumstances. … Read more
There are four types of caps that affect adjustable-rate mortgages. Initial adjustment caps. This is the most your interest rate can increase the first time it adjusts. Subsequent adjustment caps. … Lifetime caps. … Payment caps. When it comes to adjustable-rate mortgages, or ARMs, there are four types of caps that can affect the terms … Read more
If you’re in the market for a reliable and affordable used car, Carvana might be the perfect solution for you. Carvana is an online marketplace that is revolutionizing the car buying experience by offering direct-to-consumer sales, no-haggle pricing, and convenient delivery options. At Carvana, you can shop, finance, and trade-in your old car all from … Read more
Yes, OppLoans reports to the three major credit bureaus – Transunion, Experian, and Equifax – on a monthly basis. Opploans is an online lending solution that provides short-term installment loans to individuals with poor credit scores. It’s an attractive option for those who may not qualify for traditional bank loans, but still need access to … Read more
When you take out a loan, you are making an agreement with the lender that you will pay back the loan, with interest, over an agreed upon period of time. Most lenders will also add a clause stating that if you choose to pay off the loan early, they may require you to pay a … Read more
As a homeowner, it is essential to understand the mortgage servicer and subservicer that oversees your loan. Mr Cooper is an approved subservicer for Lakeview Loan Servicing, so it is important to become knowledgeable about their services and the benefits that they offer. This blog post will provide an overview of Mr Cooper and Lakeview … Read more
Do all home equity loans require an appraisal? In a word, yes. The lender requires an appraisal for home equity loans—no matter the type—to protect itself from the risk of default. If a borrower can’t make his monthly payment over the long-term, the lender wants to know it can recoup the cost of the loan. … Read more