Most probably when shopping around for a mortgage you have run into the term loan to value ratio (LTV). Maybe you have neglected it, but keep in mind that it is an important factor when applying for a mortgage. Because of the importance this ratio has, you must be able
The process of gathering information regarding your search for a loan can be a time-consuming task. This is especially true if afterword’s you realize that you have been gathering the wrong information. Not only it could be a time-consuming task, but it could also result in choosing inappropriate lender, which
When it comes to taking up a loan, sometimes people do not understand the obligation that comes with the loan. Meaning that they are in the euphoria of being able to purchase something (home appliance, car or buy a house) and do not pay attention to crucial loan related issues.
When shopping for loan, we want to find the cheapest loan with the best terms for us. Maybe the most important price we pay on our debt is the interest rate. Meaning that interest rate represents the price you pay on the amount you borrow. As such, it is a
Like it or not, most of us have or will take a loan sometime in the future. Although, maybe you don’t want to have a loan, the fact is that some times, during a specific period of your life, or a period of financial distress, you will need a loan.