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The Basics Of Lines Of Credit | Investopedia

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When it comes time for people to borrow money, there are many choices available . Borrowers can go to a bank for a traditional fixed or variable-rate loan, turn to pawnshops or payday lenders (though neither is a good idea apart from the most dire of circumstances), use credit cards, borrow from friends or family, or even turn to the web and specialized "social...

Date: 2017-02-28 09:43:15

Home-Equity Loan Definition | Investopedia

BREAKING DOWN 'Home-Equity Loan'

Home-equity loans come in two varieties - fixed-rate loans and lines of credit . Fixed-rate loans provide a single, lump-sum payment to the borrower, which is repaid over a set period of time (generally five to 15 years) at an agreed-upon interest rate. The payment and interest rate remain the same over the lifetime of the loan. They must be repaid in full if the...

Date: 2017-02-28 07:54:50

Getting a Home Equity Loan with Bad Credit | Investopedia

Home equity finance is a great way for property owners to turn the unencumbered value of their home into cash. For homeowners with bad credit , these particular loans provide a way to borrow money that is more likely to get approved and offers lower interest rates than traditional loans or revolving credit lines . Why? First, the home serves as the security, or collateral , and second, equity in...

Date: 2017-02-28 07:47:09

The Banking System: Commercial Banking – How Banks Make ...

As mentioned before, banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits, CDs, and short-term borrowings. The difference is known as the "spread," or the net interest income, and when that net interest income is...

Date: 2017-02-28 08:48:59

Commercial Real Estate Loans | Investopedia

Commercial real estate (CRE) is income-producing real estate that is used solely for business purposes, such as retail centers, office complexes, hotels, and apartments. Financing - including the acquisition, development, and construction of these properties - is typically accomplished through commercial real estate loans: mortgage loans secured by liens on commercial, rather than...

Date: 2017-02-28 09:01:36

Conventional Mortgage | Investopedia

A conventional mortgage is any type of homebuyer's loan that is not offered or secured by a government entity, like the Federal Housing Administration (FHA) , the U.S. Department of Veterans Affairs (VA) or the USDA Rural Housing Service , but rather available through or guaranteed a private lender ( banks , credit unions, mortgage companies ) or the two government-sponsored enterprises , the...

Date: 2017-02-28 05:26:27

Debt Forgiveness: Escape Your Student Loans | Investopedia

With student loan figures soaring, debt-saddled students and graduates are desperate for any strategy that may help them escape their burden. The latest wrinkle is the possibility that federal loans could be forgiven because the school used illegal recruiting tactics, for example promising the student a well-paid career.

According to the Wall Street Journal, more than 7,500 borrowers (with debt...

Date: 2017-02-28 15:25:01

Mortgage Pre-Approval: Understanding the Process ...

Mortgage Pre-Approval: Understanding the Process

By Investopedia | Updated January 12, 2017 -- 7:00 AM EST

While shopping for a home may be pleasant, serious buyers need to start the process in a lender 's office, not an open house - and by obtaining a mortgage pre-approval . This process, basically an evaluation that determines whether the borrower qualifies for a loan, is important for...

Date: 2017-02-28 08:41:43

Commercial Real Estate Definition | Investopedia

What is 'Commercial Real Estate'

Commercial real estate is property that is used solely for business purposes and that are leased out to provide a workspace rather than a living space. Ranging from a single gas station to a huge shopping center, commercial real estate includes retailers of all kinds, office space, hotels, strip malls, restaurants and convenience stores.

BREAKING DOWN...

Date: 2017-02-28 09:14:53