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A FHA loan is one which is insured by the Federal Housing Administration. FHA does not actually loan the money itself, but rather insures home mortgage loans issued by banks and ot...
The term “approval in principle” is a real estate term used when a lender pre-approves a borrower assuming that the borrower meets certain requirements, according to the lender Tes...
The types of financial institutions include commercial banks, investment banks, insurance companies, brokerages, investment firms, management investment companies and non-bank fina...
Are you interested in secured loans? This type of loan is one that’s backed by collateral that becomes the lender’s property if you don’t pay the loan back or meet the terms of the...
While researching business loan options, most people come across lending products offered by online lenders. In some cases, the rates and terms offered are better than what you fin...
Short term loan lenders offer loans based on current income or assets and not one’s credit score. Because of this many people choose to get a short title loan when they’re in need ...
A conditionally approved loan is a loan approval based on the financial and credit information that an applicant has provided, and it is subject to final verification. A common mis...
The home-buying process can be equal parts exhilarating and terrifying. So, how can would-be home buyers take some of the stress out of the process? If you’re staring down a hefty ...
As you own your home for some years, pay down your mortgage, and make improvements to the property, you build equity. Just like your home served as collateral for your original mor...
A reverse mortgage lets you access your home’s equity without needing to make payments to the reverse mortgage lender, creating a reliable source of income for you. However, revers...