What is a loan and how does it work?

Answer At some point in their lives, most individuals will turn to a loan to help finance a large expenditure, such as a home or a college education. If handled responsibly, loans can help you obtain what... Read More »

Top Q&A For: What is a loan and how does it work

How Does a FHA 203K Loan Work?

Although purchasing real estate to rehabilitate and sell is often a wise investment, buying a cheap home can come with drawbacks. In some cases, the property needs extensive repairs to be habitable... Read More »

How does an interest-only mortgage loan work?

Traditional mortgages have principal-plus-interest payments, which pay the accrued interest in full, then reduce the principal owed each month. In contrast, interest-only loans only pay off the acc... Read More »

How Does Using Money As Collateral Work on a Car Loan?

Generally, when you take out a car loan you use the car being financed as the collateral for the loan, which means that the lender can repossess the car if you default on your loan payments. Howeve... Read More »

When the primary owner is deceased and has life insurance on the loan and disability on the loan is the estate involved or does the cosigner just take over the payments?

If you have credit life on the loan, you should be able to supply the insurance company with a death certificate as well as with their claims form. Your purchasing dealership may help you. The in... Read More »