The days when people used to depend on public transport for their daily commute are long gone. In recent years, the demand for cars has dramatically increased. Most people own some means of transport, whether a bicycle, motorcycle, or car. There were times when cars were owned only by rich people. However, things have changed […]
What is a Loaner Car? How Does it Work? Read More »
If you are here, there can be two possibilities: either you will take a loan from a loan sharker, or you have already been a part of this whole money lending process. Whatever the reason, I am here to help you know everything about loan sharking. The biggest question people ask about it is whether
Is Loan Sharking Illegal? Find Out Now Read More »
In today’s era, where the price of every little thing is touching the sky, the loan has become mandatory for many purposes. No matter whether you belong to a financially strong family or a middle-class family, you’ll need a loan for something like purchasing a property, starting a business, etc. When you speculate on loans,
Is Loan Depot A Mortgage Broker Or Direct Lender? Read More »
Getting scammed for a loan is pretty common these days. Scammers or Fraudsters platforms take advantage of People who want to pay their educational expenses, bills, or make a big purchase by offering them a loan with terms that seem too good to be true. Anyways, people still fall under their trap and even lose
Is Loan Jam a Scam or a Legit Loan Service Website? What Is Your Review? Read More »
A house loan is a bank-backed loan secured by the safety of an underlying asset. A home loan can be used to purchase an unfinished property, a resold property, or even build a house on an empty lot. The title of the property is returned once the borrower repays the amount. If the borrower fails
What Is a Memorandum For Deposit of Title Deed (MODT) In a Home Loan? Read More »
Overview Banks use signature cards to identify the rightful signers of an account. These cards you can use not only for the individual but also for business accounts. The bank uses the signature card to verify the account holder’s signature for all types of communication to and from the bank. A signature card offers legal
What is a Signature Card for a Bank Account? All You Need To Know Read More »
Debt capacity means the overall amount of debt that a company can incur and a payback under the terms of a debt agreement. For various factors, a company takes on debt, for example, improving productivity or marketing, increasing capability, and recruiting new firms. Too much indebtedness or mistaking can, however, have harmful effects. How do
Debt Capacity – Meaning, Formula, and How to Assess Read More »
What is Mortgage Underwriting? In simple terminology, mortgage underwriting can be defined as a risk assessment that is undertaken by the lender to assess the underlying probability of the debtor not honoring the particular loan. Before a loan is formally extended, it is imperative for the mortgage underwriter to ensure that the creditworthiness of a
Mortgage Loan Underwriters: How to Become a Mortgage Loan Underwriter? Read More »
What is Mortgage Underwriting? In simple terminology, mortgage underwriting can be defined as a risk assessment that is undertaken by the lender to assess the underlying probability of the debtor not honoring the particular loan. Before a loan is formally extended, it is imperative for the mortgage underwriter to ensure that the creditworthiness of a
All secured loans require collateral. The borrowers pledge an asset as collateral to get the loans. In case of default, the borrowers have the right to seize the collateral pledged. That is the reason, lenders prefer tangible assets with high market values. In many cases, borrowers default on a loan. The collateral often does not
Recourse Loan Vs. Non-Recourse Loan: The Top 5 Differences Read More »
