Interest rates are rising, but are still at some of the lowest points in recent history. That is good news – despite some who may be sounding the alarm over rising interest rates and the impact on today’s fast paced real estate market. Increasing interest rates often tend to drive down home prices, making this…
A business loan provides the capital needed to pay for a business’s expenses, including startup, operations, facility renovation and expansion. An owner generally must document the specific purposes of this capital before an application for a business loan will be approved. An equipment loan is a common type of business loan, as many businesses need…
Loan calculations are a task well-suited for a computer program since they involve calculating a series of mathematical formulas. A program is faster than a person with a manual calculator and far less likely to make mistakes, especially with more complex loans. Furthermore, these calculations require the use of functions that may not be available…
The Federal Housing Administration (FHA) is a federal agency that sets standards for construction and underwriting in the United States. It also insures loans by private lenders for the purpose of building homes. The FHA’s mission is to improve housing conditions, provide a home financing system and stabilize the mortgage market. A Well-Rounded Loan Search…