Bella Mertz Are you curious about how much the average loan officer makes in commission? Are you a mortgage broker looking to maximize your revenue? This article will provide an in-depth look at loan officer compensation so that you can make informed decisions about your business. Becoming a mortgage loan officer can be an attractive career path … Read more
Quicken Loans, now officially known as Rocket Mortgage after a rebranding in 2016, has been making headlines for employee layoffs in 2023 amid an industry-wide downturn in the mortgage market The Detroit-based lender, part of Rocket Companies, has cut thousands of jobs as loan demand dropped sharply when interest rates surged. For years, Quicken Loans … Read more
Shopping for a new boat? Before you grab your swimsuit and take to the water, there are a few things you’ll need to know about boat financing. For one, some boat loans are more like mortgages than auto loans, since the payments can stretch out as long as 20 years. Loan amounts can also vary … Read more
Similar to home equity, land equity is the value of your land minus any money you owe on the loan used to purchase it. With a land equity loan, you can turn that equity into cash without having to sell the land itself. You can use it to build a home on the property, pay … Read more
Buying land and building a custom home can be an exciting prospect for many prospective homeowners Though it may seem daunting, the right financing can make the process smooth and affordable This is where USDA loans for new construction come in. USDA stands for the United States Department of Agriculture Through their Single Family Housing … Read more
Being a single mother is incredibly challenging. You have to juggle caring for your children, working, running a household and managing finances – all on your own. When an unexpected expense comes up, like a car repair or medical bill, it can be difficult to cover the costs. Personal loans can provide single moms with … Read more
When you need to finance the purchase of a major asset like a motorcycle, one option is taking out a secured loan. A secured loan uses the asset being financed as collateral, which is why a motorcycle loan is considered a prime example of this type of borrowing. What is a Secured Loan? A secured … Read more
For the first time in decades, interest rates have hit record-breaking highs, more than doubling monthly mortgage payments. Consequently, many of today’s divorcing couples who have a favorable interest rate on an existing marital home may feel handcuffed. How can they see an optimistic path forward when it comes to securing affordable lending after a … Read more
When it comes to accessing capital, both bonds and loans are useful financial instruments for companies to get the funds they need to invest in new projects and future growth opportunities. Governments also may offer bonds to raise funds. From a consumer point of view, bonds and loans serve different purposes — one is an … Read more
Paying off a loan with a credit card will depend on the lender and the type of loan. If your lender allows it and you are given enough of a credit limit, you may be able to pay a portion of your entire balance of your home, car or student loans with a credit card. … Read more