What affects the cost of a loan?

The cost of the loan is the main thing everyone pays attention to when borrowing money. Yet, the majority mistakenly assumes that the cost of the loan equals the interest rate. It turns out that the total (the final) cost of a loan is comprised of several elements along with the interest rate. Each elementContinue reading

Private Parent loans

The most important things you should know about Parent loans for students

When comes a time for children to go to school or college, parents often opt for a loan that covers the cost of the tuition fully or partially. There is a reason why parent loan is the best option in certain circumstances. The bill for college includes not only the tuition itself but the costContinue reading

Student Loans

Types of Federal Student loans explained

When it’s time for college or University, many parents face this milestone with a headache as tuition costs a lot and often there is no other way than just to get a loan. Luckily, Student loans are offered in a big variety of forms so one can choose the most convenient and beneficial one basedContinue reading


Five steps to becoming an expert in loans

You will hardly find a person who was never thinking of getting a loan, as modern life dictates the terms where most of the things revolve around money. You get married and get a loan for a house, you send your children to college and you get a Students loan and so on. Knowing howContinue reading

Discount Mortgage Points

Pros and Cons for Mortgage Points

In this article we are going to disclose the essence of mortgage points. There are two types of mortgage points – discount mortgage points and origination points. Discount mortgage points are designed to decrease payments for interest. One point is a discount of 0.25% for the basic interest rate. You can purchase maximum 3 pointsContinue reading


What Debts to Pay Off First?

This is the question you should answer if you have several debts. Having several debts may include mortgage, car loan, student loan, credit card debt or any other kind of a debt you may have. Usually, debts for the most important things that provide you with living and education are available with a relatively lowContinue reading


Benefits and Risks of Cosigned Loans

The best way to get a bank loan is to have a high credit report. It includes numerous factors like your income, expenses, previous debts and how you closed them – all of these factors are analyzed by the bank to define your credibility. And the higher the credit score is the more funds youContinue reading

taking loan

Tips for Getting Your Bank Loan Approved

When requesting a loan you need to make sure you apply to the right bank and have accomplished all bank’s demands. The thing is banks do not know a thing about you unless you have a clear credit history or an opened bank account (or even several), so below you can get a number ofContinue reading