Identifying The Right Home Loan

“The ache for home lives in all of us, the safe place where we can go as we are and not be questioned.”  Buying a Home is a complex process, which starts with finding the right home to fit one’s needs and budget. However, that is the easy part of …

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Unsecured Personal Loans: Pros and Cons

First of all, it’s necessary to explain what an unsecured loan is. It’s a credit product which doesn’t require putting something as collateral. For example, if you default on a mortgage, the bank can take away your house to get the part of their money back. If your loan is …

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What happens if a Borrower makes a Misrepresentation under a Loan Agreement?

A loan agreement will typically include a number of statements made by the borrower.  The lender relies on these statements in deciding whether or not to enter into the loan agreement with and whether to advance money to the borrower.  These statements are referred to as representations and warranties. Misrepresentation Misrepresentation is …

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What should you consider before taking out a personal loan?

Depending on your credit score, the amount of money you need and how quickly you need the money, you should consider your options and find one that seems like a good fit. Effects on your credit score. Some lenders do a soft pull on your credit when considering your application, which doesn’t affect …

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RD Loans – A Great Option to Consider

An RD loan is a Rural Development home loan offered by the Rural Housing Service specifically for moderate to lower income residents buying homes in rural areas.  A rural area is defined as a community with a population of 10,000 residents or less.  Although some communities located outside of a …

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Cash Advance Loans Are Really Worth Applying For.

You are still in two minds whether to apply for a cash advance loan because your credit rating is bad? Let us get to know if you can be approved under these circumstances. First and foremost, you can count on getting a cash advance loan since these types of loans …

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Personal Loan Process

How Do Banks Process Personal Loan Applications? Is it easy to get a personal loan? Well, yes and no. On one hand, there is less paperwork, since the bank does not have to verify any assets as in the case of home loans. On the other hand, there are stringent …

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Things You Need to Know Before Your First Loan Application

If you’ll be applying for credit soon, it’s important that you know certain information, both so you can supply it to potential lenders and for your own awareness. Some of these things you may know off the top of your head, like your income and expenses, but there are also things you …

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Personal Loans vs. Payday Loans: Which is the Best Option?

Sometimes, you just can’t help it — you need to borrow money, and you need it fast. Traditional loans through a bank take time and paperwork, and many have hoops to jump through that those with less-than-stellar credit might not be able to make. Fortunately, other options exist in the …

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Simple Facts About Collateral Loans You Need to Know

Collateral loans are very common when the economy is weak and people are having a hard time with debts. To protect yourself, you should know what to expect and what is expected of you. What is a Collateral Loan? A collateral loan is a loan that is secured by an asset you own; if …

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