WHAT IS REFINANCING: Meaning, How It Works & Purpose
When you refinance, you replace your current mortgage with a new one. To improve one’s interest rate and…
LOAN-TO-VALUE RATIO: Meaning, Formula & How to Calculate
One of the factors lenders consider when approving a loan is the loan-to-value ratio. This is in order…
LTV RATIO: What It Is & How to Calculate It
LTV ratio is the percentage of an asset’s worth that a lender is willing to finance debt against.…
PEER TO PEER LENDING INVESTING: What Is It & Guide
While savings and bond rates continue to disappoint, investors who are looking for yield have turned their attention…
WHAT IS CASH ADVANCE: How It Works, Limit & Fee
Have you ever found yourself in a predicament where you had a sudden need for money? You can…
COMMERCIAL LOANS: Understanding Commercial Loan, Types & Rates
Commercial loans are lines of credit designated for a specific cost or objective of a business. Your company’s…
HOW TO CONSOLIDATE STUDENT LOANS: Requirements and Detailed Guide
Debt from student loans can be stressful, especially if you have many loans to manage. Consolidating your loans…
HOW TO PREQUALIFY FOR HOME LOAN: All You Need To Know
Buying a house may be an exciting adventure. Of course, before you can experience the satisfaction of unlocking…
HOW TO GET A CAR LOAN: What It Is and What You Should Know
One of the most popular fantasies is owning a car. If you have a car or a bicycle,…
WHAT IS APR: How it works
It’s likely that if you have a credit card, you’ve come across the term “annual percentage rate” (APR),…