How they work and the pros and cons of each Part of the Series Personal Loan Guide Personal Loan Types Personal loans and car loans are two common financing options for major purchases, but a car loan is often better for buying a car. The main difference between a personal loan versus a car loan … Read more
Adulthood comes with many milestones, and making big purchases like buying a car or a house are both toward the top of the list. Perhaps you’re even considering buying a house and car at the same time! That’s an ambitious prospect, so here are a few things you may want to consider. Buying a house … Read more
If your bank immediately recognizes loan origination fees and costs directly to your income statement, you are not alone. This is a common practice among many community banks. However, this practice is not in accordance with Generally Accepted Accounting Principles (GAAP). According to Accounting Standards Codification (ASC) 310-20-25-2, loan origination fees and direct costs are … Read more
Personal loans and auto loans are common choices for those interested in buying a new or used car. If youâre in the market for a new vehicle, youâll need to decide on the best car financing option for your situation. There are advantages and disadvantages to both these loan options. Letâs look at the key … Read more
Are you looking for an LLC Loan for investment properties? Navigating the world of real estate investment can be complex, but with the right financial partner, it can also be incredibly rewarding. Bennett Capital Partners Mortgage Brokerage emerges as a premier choice for investors seeking LLC Loans For Investment Properties. In this blog post, well … Read more
Getting approved for a loan can be difficult when you have low income and bad credit. Many traditional lenders look at credit scores and debt-to-income ratios when evaluating an application, which can make it challenging for someone with less-than-perfect finances to qualify. However, there are lending options available if you have low income and bad … Read more
You donât ever expect to have problems making your house payment, but life happens. Two of the potential steppingstones for mortgage relief are forbearance and deferment. Weâll break down forbearance vs. deferment and how the two often go hand in hand. Deferring a home loan payment can provide much-needed temporary financial relief if you are … Read more
If you’ve ever taken out a personal loan, financed a major purchase like a car or home, or loaned money to a friend or family member, you’ve likely encountered loan notes. But what exactly are they, and how do they work? This comprehensive guide will explain everything you need to know about loan notes. Frequency … Read more
When it comes to purchasing a home, navigating the complex world of mortgages can be overwhelming. For those seeking a path to homeownership with unique advantages, a USDA loan might be the solution. The United States Department of Agriculture (USDA) offers a loan program specifically designed to assist individuals and families in rural areas in … Read more
Losing a job can be an incredibly stressful experience. Suddenly, your main source of income is gone and you are left wondering how you’ll pay your bills or handle emergencies. You may find yourself needing extra money during this difficult period. Thankfully, there are options for getting loans without steady employment if you know where … Read more