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9 selected articles
Mortgage - Definition and Different Types
By Justin Pritchard
Updated December 30, 2016
A mortgage is an agreement that allows a borrower to use property as collateral to secure a loan.
In most cases, the term refers to a home loan: when you borrow to buy a house, you sign an agreement saying (among other things) that your lender has the right to take action if you don't make your required payments on the loan. Most importantly, the bank...
Related topics : home equity loan mortgage difference / refinance home mortgage loan rate / refinance mortgage home equity loan / mortgage rate home loan / mortgage loan home equity
How to Calculate Your Mortgage Payment - thebalance.com
How to Calculate Your Mortgage Payment
How to Calculate Payments, Ratios, & More
By Justin Pritchard
Updated October 14, 2016
Understanding your mortgage helps you make better decisions. Instead of just taking whatever you get, it pays to look at the numbers behind any loan - especially a big loan like a home loan.
To calculate a mortgage, you'll need a few details about the loan. Then, you can...
Related topics : loan payment calculator mortgage / home equity loan payment calculator / loan calculator payment amount / amortization loan calculator extra payment / loan home payment calculator
How to Get a Loan Without a Cosigner - thebalance.com
By Justin Pritchard
Updated January 19, 2017
When you can't get approved for a loan on your own, lenders sometimes suggest that you use a cosigner to strengthen your application. But sometimes that's not feasible and, for whatever reason, you simply need to borrow without a cosigner. You might not know anybody who can (or will) cosign, or you might prefer to take full responsibility for the loan...
Related topics : get student loan with bad credit / student loan debt credit score / get student loan without cosigner / get student loans out of collections / get home equity loan bad credit
How Do Home Equity Loans Work? - thebalance.com
By Justin Pritchard
Updated July 09, 2016
Home equity loans allow you to borrow against the value of your home. These loans appeal to borrowers who find that they can borrow relatively large amounts of money, and they're easier to qualify for than other types of loans (because they are secured by your house). If your home is worth more than you owe on it, a home equity loan can provide funds for...
Related topics : interest rate home equity loan / interest home equity loan deductible / interest home equity loan tax deductible / line of credit home equity loan rates / line of credit home equity loan
Calculate Loan Payments & Costs: Formulas and Tools
Calculate Loan Payments & Costs: Formulas and Tools
Understand your Loan Payment and Costs
By Justin Pritchard
Updated October 14, 2016
When most people borrow money, the monthly payment is one of their top concerns: is it affordable, given other monthly expenses (and your income)? If you're not sure how much you'll need to pay, a loan calculator - or a bit of math - can help you find the answer...
Related topics : calculating loan payments formula / loan calculator payment amount / amortization loan calculator extra payment / balloon payment auto loan calculator / monthly payment auto loan calculator
How to Calculate Interest on a Loan - thebalance.com
By Justin Pritchard
Updated November 21, 2016
The easiest way to calculate loan interest is with a calculator or spreadsheet, but you can also do it by hand if you prefer. We'll cover each of those approaches on this page.
Technology makes quick work of the calculations, but when you do the math yourself (at least some of it) you notice details that can help you make better financial...
Related topics : monthly payment auto loan calculator / calculating loan interest / calculator auto loan interest / loan calculator auto interest paid / interest car loan calculator
The Most Common Government Loan Programs
By Justin Pritchard
Updated January 23, 2017
The federal government provides financial help in certain circumstances, but finding out about those programs - and taking advantage of them - can be difficult.
In some cases, the government does not lend money directly. Instead, loans are offered by lenders (like banks and finance companies) and backed by the U.S. government: the government promises...
Related topics : student loan programs for repayment / student loan program / sba loan programs / small business loan sba / government loan student
Important Steps in the Home Selling Process
Important Steps in the Home Selling Process
Learn important steps to selling your home
By Elizabeth Weintraub
Updated August 07, 2016
The home selling process is the same whether you are selling for sale by owner or hiring a listing agent . Certain details may vary slightly among the states, but I will use California as the example since the state usually sets the standard for much of the...
Related topics : selling homes in winter / selling homes online / selling homes / homes for sale listings / better homes house for sale
Down Payments and Loans for Home Buying
By Elizabeth Weintraub
Updated August 06, 2016
Home ownership in America has increased from 25% in the early 1900s to 67% at the end of that century. During all those years, many home buyers struggled to come up with a down payment. In some cases, the banks required as much as 50% down before they would lend on a mortgage.
Today, the desired down payment is typically 20%; however, few people have...
Related topics : low credit mortgage loan / loan lender no credit check / home credit loan requirements / home loan interest rate of all banks / home loan first
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