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Welcome to our Loan Tips and Advice Center. Here, you will find answers to common questions about differenttypes of loans, including home loans and student loans. Choose from the loan topics listed below to get started.
What is the difference between fixed rate mortgages and ARMs? There are many different types of new mortgage loans out there. One of the first decisions you will have to make about your potential mortgage loan is whether you want to obtain a fixed rate mortgage or an adjustable rate mortgage ... more What is the difference between a home equity loan and a home equity line of credit? If you want to utilize the equity available in your home you have a couple of options: Home equity loans and home equity lines of credit. Most lenders offer both of these options. A home equity loan is a loan that offers you one lump sum that is repaid on a monthly basis by the borrower ... more What is an interest only mortgage loan? Interest only mortgage loans result in a lower monthly payment because borrowers are only required to pay an interest payment each month, instead of paying on both interest and the principal balance. Although the monthly payment is lower, potential problems can arise when borrowers don't make an effort to pay above and beyond the required payment ... more What else should I look for besides the lowest interest rate when I apply for a car loan? When shopping around for a car loan you may find yourself consumed with finding the lowest auto loan interest rates possible. You need to keep in mind, however, that there is more to a good loan than just the interest rate ... more Isn't a student loan consolidation the same as getting another loan? While it's true that consolidating your student loans is really just creating another loan, it can bring many benefits. The consolidation process generally simplifies repayment of student loans and can save you money by reducing interest rates and monthly payments ... more
Should you refinance your existing mortgage? This calculator can help you that find out. Enter the specifics about your current mortgage, along with your current appraised value, new loan term, new rate and closing costs. Together, this can determine how much refinancing might save you overall. · Calculate how much you could save in interest
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