Website: https://www.thebalance.com

Rank: 66 / 1400

9 selected articles

Mortgage - Definition and Different Types

By Justin Pritchard

Updated December 30, 2016

A mortgage is an agreement that allows a borrower to use property as collateral to secure a loan.

In most cases, the term refers to a home loan: when you borrow to buy a house, you sign an agreement saying (among other things) that your lender has the right to take action if you don't make your required payments on the loan. Most importantly, the bank...

Read more

Related topics : home equity loan mortgage difference / refinance home mortgage loan rate / refinance mortgage home equity loan / mortgage rate home loan / mortgage loan home equity

How to Calculate Your Mortgage Payment - thebalance.com

How to Calculate Your Mortgage Payment

How to Calculate Payments, Ratios, & More

By Justin Pritchard

Updated October 14, 2016

Understanding your mortgage helps you make better decisions. Instead of just taking whatever you get, it pays to look at the numbers behind any loan - especially a big loan like a home loan.

To calculate a mortgage, you'll need a few details about the loan. Then, you can...

Read more

Related topics : loan payment calculator mortgage / home equity loan payment calculator / loan calculator payment amount / amortization loan calculator extra payment / loan home payment calculator

How to Get a Loan Without a Cosigner - thebalance.com

By Justin Pritchard

Updated January 19, 2017

When you can't get approved for a loan on your own, lenders sometimes suggest that you use a cosigner to strengthen your application. But sometimes that's not feasible and, for whatever reason, you simply need to borrow without a cosigner. You might not know anybody who can (or will) cosign, or you might prefer to take full responsibility for the loan...

Read more

Related topics : get student loan with bad credit / student loan debt credit score / get student loan without cosigner / get student loans out of collections / get home equity loan bad credit

How Do Home Equity Loans Work? - thebalance.com

By Justin Pritchard

Updated July 09, 2016

Home equity loans allow you to borrow against the value of your home. These loans appeal to borrowers who find that they can borrow relatively large amounts of money, and they're easier to qualify for than other types of loans (because they are secured by your house). If your home is worth more than you owe on it, a home equity loan can provide funds for...

Read more

Related topics : interest rate home equity loan / interest home equity loan deductible / interest home equity loan tax deductible / line of credit home equity loan rates / line of credit home equity loan

Calculate Loan Payments & Costs: Formulas and Tools

Calculate Loan Payments & Costs: Formulas and Tools

Understand your Loan Payment and Costs

By Justin Pritchard

Updated October 14, 2016

When most people borrow money, the monthly payment is one of their top concerns: is it affordable, given other monthly expenses (and your income)? If you're not sure how much you'll need to pay, a loan calculator - or a bit of math - can help you find the answer...

Read more

Related topics : calculating loan payments formula / loan calculator payment amount / amortization loan calculator extra payment / balloon payment auto loan calculator / monthly payment auto loan calculator

How to Calculate Interest on a Loan - thebalance.com

By Justin Pritchard

Updated November 21, 2016

The easiest way to calculate loan interest is with a calculator or spreadsheet, but you can also do it by hand if you prefer. We'll cover each of those approaches on this page.

Technology makes quick work of the calculations, but when you do the math yourself (at least some of it) you notice details that can help you make better financial...

Read more

Related topics : monthly payment auto loan calculator / calculating loan interest / calculator auto loan interest / loan calculator auto interest paid / interest car loan calculator

The Most Common Government Loan Programs

By Justin Pritchard

Updated January 23, 2017

The federal government provides financial help in certain circumstances, but finding out about those programs - and taking advantage of them - can be difficult.

In some cases, the government does not lend money directly. Instead, loans are offered by lenders (like banks and finance companies) and backed by the U.S. government: the government promises...

Read more

Related topics : student loan programs for repayment / student loan program / sba loan programs / small business loan sba / government loan student

Important Steps in the Home Selling Process

Important Steps in the Home Selling Process

Learn important steps to selling your home

By Elizabeth Weintraub

Updated August 07, 2016

The home selling process is the same whether you are selling for sale by owner  or hiring a listing agent . Certain details may vary slightly among the states, but I will use California as the example since the state usually sets the standard for much of the...

Read more

Related topics : selling homes in winter / selling homes online / selling homes / homes for sale listings / better homes house for sale

Down Payments and Loans for Home Buying

By Elizabeth Weintraub

Updated August 06, 2016

Home ownership in America has increased from 25% in the early 1900s to 67% at the end of that century. During all those years, many home buyers struggled to come up with a down payment. In some cases, the banks required as much as 50% down before they would lend on a mortgage.

Today, the desired down payment is typically 20%; however, few people have...

Read more

Related topics : low credit mortgage loan / loan lender no credit check / home credit loan requirements / home loan interest rate of all banks / home loan first