When you are in the process of buying a house, mortgage pre-approval is a major step in the process. Mortgage pre-approval is when a lender looks at your credit, income and assets to determine how much of a loan you can qualify for. For most people, to receive a pre-approval for a mortgage will require … Read more
Within the mortgage industry, mortgage loans are often transferred from your original lender to a company like Specialized Loan Servicing that concentrates on processing payments, providing escrow administration and general activities associated with your mortgage loan after it has been funded. As a homeowner, you may have experienced the surprise of seeing your loan transferred … Read more
Every FHA loan includes closing costs, but they can be reduced. While closing costs are generally considered to be the responsibility of the homebuyer, you may not have to pay for everything yourself. One of the biggest advantages of an FHA loan is the ability to avoid large upfront costs. FHA loans have become increasingly … Read more
Applying for a mortgage loan can be a frustrating and overwhelming process. The process can take weeks, or even months, to complete and can include months of paperwork, review of your credit history, and income verification. Unfortunately, not all mortgage loan applications are approved in the end. In some cases, loan applications get denied in … Read more
Obtaining a college degree can be a costly endeavor, and for many, loans are necessary to realize the dream of a higher education. The Art Institute Loan Forgiveness program is one such option for those looking to reduce their student loan debt. This federal program was created in 1995 to offer financial relief to those … Read more
When it comes to managing cash flow, businesses often have to make difficult decisions. One of the more popular options available is a bridge loan. A bridge loan is a short-term loan that helps finance a business’s long-term objectives. While it can be a great way to gain access to capital quickly and easily, it … Read more
Are you looking for loan forgiveness options for the Art Institute? Are you a current student or former student who has taken out a loan for your education? In 2022, the Art Institute is offering loan forgiveness for those who have taken out loans for their education. This blog post will provide an overview of … Read more
When it comes to auto loans and financing, it’s important for consumers to understand the terms and conditions of their loan agreement. The Truth in Lending Disclosure (TIL) is an important document that outlines the costs and the risks associated with an auto loan, and serves to protect consumers from being taken advantage of by … Read more
The monthly payment on a 250k mortgage is $1,850. You can buy a $278k house with a $28k down payment and a $250k mortgage. Are you thinking about buying a 250K house but not sure what the mortgage would be for such a purchase? It’s a common concern for many potential homeowners and one that … Read more
Much like insurance, many lenders may not finance a vehicle with a rebuilt title due to the risk they carry. In the event that you do find a lender willing to take this on, your interest rate will probably be exorbitant. If you’re looking to purchase this kind of car, you’ll probably have to do … Read more