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4 basic questions answered about reverse mortgages
Finance

4 basic questions answered about reverse mortgages

A reverse mortgage is a loan that allows individuals older than 62 to improve their financial well-being. They can convert part of their home equity into lump sum cash, fixed monthly payments, or line of credit, according to their preference. The money can be used to pay for medical bills, in emergencies, or to pay off a mortgage.
Types of coverage provided by auto insurance companies
Finance

Types of coverage provided by auto insurance companies

Auto insurance is mandatory in almost all states across the US. In simple terms, auto-insurance protects you against financial losses in the event of an accident. It exists as a contract between the owner of the vehicle and the insurance company. A regular premium must be paid from time to time, and the insurance company will cover the losses incurred as per the policy of the contract.
Top car loans that you need to know
Finance

Top car loans that you need to know

Here are the top car loans available: CarsDirect : CarsDirect is a buying service but also provides auto loans. Many companies which provide auto loans have a range within which the loan value must lie. This kind of loan works very well for people who want to buy a second-hand car because there is no minimum limit on the amount.
Getting the best CD rates with Bankrate
Finance

Getting the best CD rates with Bankrate

Bankrate.com is an independent comparison service and an advertising-supported publisher. It covers nearly 4800 banks and credit unions across all 50 states in the United States to provide a well-researched and detailed comparison of the best CD rates. It thereby enables you to find the best Certificates of Deposit (CD) rates by taking into account the following parameters:
Understanding supplemental dental insurance
Finance

Understanding supplemental dental insurance

Did you know teeth start to form even before we are born, but they come through only when we are 6-12 months old? And, while baby teeth fall off and permanent teeth takes its place, losing this set of permanent teeth results in a condition called Edentulism or toothlessness. While a toothless smile would look adorable on babies or really old people, the rest of us might prefer to visit a dentist to set things straight!
What you need to know about unemployment loans
Finance

What you need to know about unemployment loans

In many cases, when a person is unemployed, they may be offered a loan from a high street lender. In this case, the rate of interest to be paid on loan will be very high and will also be accompanied by lending charges. Here is what to keep in mind while acquiring a loan when unemployed.
No credit check loans for the unemployed
Finance

No credit check loans for the unemployed

An unemployed person with bad credit can apply for a no credit check loan because in most cases these are the only kinds of loans unemployed people can acquire without major difficulties. Here is what to keep in mind while trying to obtain such a loan: Online private lenders: Most often these kinds of loans are not offered by traditional banks, and the best place to find them is to private lenders.
Things to keep in mind while getting student loans
Finance

Things to keep in mind while getting student loans

A student loan is a type of loan formed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. The interest rates on student loans are usually much lesser when compared to other kinds of loans, and the repayment scheme is a little less strict, keeping in mind that the students are still in school while they repay the amount due.
Three types of Student Loan Forgiveness plan
Finance

Three types of Student Loan Forgiveness plan

If you’re a student carrying the burden of a student loan, you probably think that you qualify for student loan forgiveness. We’re here to break it down for you. Here are some student loan repayment plans that qualify for student loan forgiveness. Public Service Loan Forgiveness (PSLF) This is the most popular program among students to get student loan forgiveness.
What should be included in a promissory note?
Finance

What should be included in a promissory note?

A promissory note is a legally binding document attesting a relationship between a lender and a borrower. It works as a promise to pay the loan amount as well as the interest within a specific period. A promissory note must answer six most important questions, as listed below. Who are the parties involved?
Key terms found in a promissory note
Finance

Key terms found in a promissory note

A promissory note is a “promise” of loan payment by an individual to an individual or a bank within the decided deadline. A promissory note is used to make the borrower accountable for paying back the loan amount to a bank or a private lender. They are also used to maintain loan records and for taxation.
Important things you need to know about payday loans or cash advances
Finance

Important things you need to know about payday loans or cash advances

A payday loan or a cash advance is a short-term and small-dollar loan given out to borrowers who are in need of cash for an unexpected expenditure or an emergency situation. It could also be used to cover expenses between the arrival of paychecks. Cash advances are used only for short-term loan requirements and are unsuitable for long-term requirements.

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