What Is Private Mortgage Insurance?
For first-time homebuyers, private mortgage insurance (PMI) may be an unexpected expense. What is PMI and why is it added to mortgage costs?
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.
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Refinancing Private Student Loans
You can refinance private student loans, but be sure it makes sense for you. Learn about refinancing, consolidation and more!
How to Get a Personal Loan and How They Work
Personal loans can be a great way to secure financing to help you achieve your financial goals. Learn all about how personal loans work and more at Equifax.
Student Loan Forgiveness Update: Do You Qualify?
Learn about President Biden’s plans to forgive student loans and other ways you may be able to qualify for student loan forgiveness.
Do Student Loans Affect Your Credit Scores?
Student loans may be a necessary part of your financial journey. Let's discuss how they work and their possible impact on your credit.
Should I Refinance My Car?
Did you buy a car recently and now you’re wondering if you should refinance your car loan? Learn more about when and how to refinance your car.
Should I Refinance My Mortgage?
When should I refinance my mortgage? Learn more about if and when is a good time to refinance your mortgage.
Can I Still Qualify for a PPP Loan? PPP Loan Forgiveness and Repayment
The Paycheck Protection Program offers relief to small businesses during the COVID-19 pandemic. Does your business need to have employees to receive aid?
Home Equity Loans vs. Home Equity Lines of Credit (HELOC)
What are the differences between a home equity loan and a home equity line of credit? Learn more about the different types of home equity financing at Equifax.
How to Prepare for Student Loan Repayment
Repaying your federal student loans doesn’t have to feel impossible. These strategies can help you make sense of the payment process.
Payday Loans: What to Know and What to Avoid
If you're strapped for cash and your next paycheck seems far away, you may consider taking out a payday loan. However, doing so could have consequences for your finances.
How Can Student Loans Affect Credit Reports?
Similar to other financial commitments, student loans -- and how you repay them -- can appear on credit reports and can impact credit scores, for better or worse.