What is a Home Equity Loan?
Home equity loans can help you finance some of life’s biggest expenses. Here’s what to know about this popular type of financing.
A loan is when a sum of money is lent to another party or individual, usually including interest and other charges, in exchange for the future repayment of the loan. When the borrower takes on the loan, they agree to a set of terms that could include interest, finance charges, as well as repayment dates. There are several types of loans, with some of the most common types being mortgage, student, personal and auto. Loans are a form of debt, and lenders will evaluate your creditworthiness, generally including factors such as your credit scores and reports, before offering you a loan with its associated loan terms, including interest rates. The better your credit history, the more likely you'll be offered a loan with better terms. We'll dive into the differences among mortgages, student loans, auto loans, personal loans, and more.
Home equity loans can help you finance some of life’s biggest expenses. Here’s what to know about this popular type of financing.
Pell Grants offer financial aid to students who display exceptional financial need. Learn more about how Pell Grants work and who may qualify.
Before you co-sign a loan or lease, be sure to understand the pros and cons, as well as the responsibilities that come with being a co-signer.
Learn how private student loans work and the various ways you can use them to fund college costs.
How does loan forbearance affect your student loans?
Spot loans can provide financing to borrowers looking for cash quickly; however, they aren’t without risks. Learn about the pros and cons of spot loans.
The Fair Credit Reporting Act (FCRA) can impact loans. Learn more about the FCRA, including requirements, fair credit reporting act violations and how the act impacts the loan process.