Category: Loans

Secured Debt Relief

Secured debt is any loan which is secured by a collateral. A collateral is any asset which can be of value to the lender, should the debtor fail to repay. Car and...

Secured Loan Calculator

In this article, you will find a calculator which will help you compute your monthly interest payment and total interest charged by the bank or financial institution, by...

What are Secured Debt Consolidation Loans

According to some recent survey statistics, an average American has USD 9,000 in debt and most of it is unsecured, which translates into high interest rate debt. Secured...

Car as Collateral Loan

Loans – the word itself flashes images of people having nightmares like they have not been able to repay the amount and have gone bankrupt. Furthermore, they have...

What are Mortgage Loans with No Down Payment?

People who are interested in buying a home by availing a conforming mortgage, are required to provide at least 20% of the price of the home as down payment. Prior to the...

Mortgage Loss Mitigation

Mortgage insurance companies collect a premium on mortgages that require either the borrower or the lender to pay for private mortgage insurance (PMI). Private mortgage...

What is a Second Mortgage?

A second mortgage, like the name suggests, is a loan taken out on a property that is already mortgaged. Simply put, it is a second loan on the same property. In case...

Mortgage Loans After Bankruptcy

Filing bankruptcy is a consequence of the debtor being unable to discharge debt obligations. The eligible consumer/debtor has the option of filing a Chapter 7 or a...

Second Mortgage Vs. Home Equity Loan

A primary mortgage lender advances money to a borrower, who uses the funds to finance the purchase of a home. A mortgage is a secured loan, since the home acts as a...

What are Mortgage Rates Based On

For an individual who wants to buy a property with a good mortgage deal, interest rate is one of the most important considerations. Before opting for a loan, one should...