A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Installment Loans

203k Rehab Loan
203k Rehab Loan

Rehab loans are designed to help homeowners improve their existing home or buy a home that can benefit from upgrades, repairs, or renovations. A 203(k) rehab loan is a great way to help you create your own home equity fast by bringing your home up to date.

Adjustable Rate Mortgage (ARM)
Adjustable Rate Mortgage (ARM)

Adjustable rate mortgages (ARM loans) have a set interest rate, which adjusts annually thereafter. The set rate period for ARM loans can last for 3, 5, 7, or 10 years. ARM loans are often a good choice for homeowners who plan to sell after a few years.

source: zillow.com
image: mybanktx.com
Balance Transfer
Balance Transfer

Currently, that $6000 in on a BOA CC carrying a variable APR of 13.45% I have narrowed this down to three options: 1) Keep the debt where it is and pay off aggressively 2) Do a balance transfer to another CC at 0% (plus fees) 3) Do an installment loan at my credit at starting 9.50%.

Close-Ended Loans
Close-Ended Loans

Common type of consumer installment loan where (in contrast to an open-end loan) the borrower cannot change the (1) number and amount of installments, (2) maturity date, and/or (3) credit terms. Also called closed-end credit.

Conforming Loans
Conforming Loans

Conforming loans are backed by Fannie Mae and Freddie Mac, and are typically below $679,650. Nonconforming or "jumbo" loans have higher values and interest rates. We'll help you choose the right loan type for you.

Conventional Loans
Conventional Loans

Comparing installment loans and conventional mortgages is like comparing rectangles and squares. Just as all squares are rectangles, but all rectangles aren't squares, so also all conventional mortgages are installment loans, but not all installment loans are mortgages.

Conventional Mortgage
Conventional Mortgage

Conventional mortgages and most car loans are secured, meaning if you don't pay your loan the lender can take the collateral. Unsecured loans, on the other hand, have no collateral. A personal loan or a student loan is an example of an unsecured loan.

FHA Mortgage
FHA Mortgage

An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA borrowers pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

source: bankrate.com
image: blogqpot.com
Low Interest
Low Interest

? Low Interest Installment Loans For Bad Credit Top Fun Jobs for Women cashresourcenow-com Young Jeezy Everything [Low Interest Installment Loans For Bad Credit] Money-Expert

Mortgage Insurance
Mortgage Insurance

Installment Loans: The Basics. An installment loan is a form of consumer credit in which the borrower gets a small loan and agrees to make a series of monthly payments to repay the loan. These payments are the “installments” that clear the loan. Here’s how installment loans are different from payday loans: With a payday loan, the borrower writes a future-dated check for an amount equal to the sum being borrowed, plus a fee.

image: af247.com
Non-Conforming Loans
Non-Conforming Loans

Nonconforming loans are loans that aren’t bought by Fannie Mae, Freddie Mac, FHA or VA. The reason is typically higher loan limits and the major investors don’t purchase these bigger loans. The reason is typically higher loan limits and the major investors don’t purchase these bigger loans.

Open-Ended Loans
Open-Ended Loans

A loan can be a closed-end loan or an open-end loan. A closed-end loan is often an installment loan in which the loan is ... Open-End Loans. With an open-end loan, ...

Rewards
Rewards

The downside of misusing installment loans is perhaps more pronounced than the potential benefit, though. Yes, having both an installment loan and a credit card, for example, may help the “Credit Mix” / “Types of Credit” portion of your credit score. But credit-scoring models don’t consider most installment loans to be big risk indicators.

source: wallethub.com
Secured Loans
Secured Loans

Secured Loan Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien is placed on such item.

source: greenpath.com
Unsecured Loans
Unsecured Loans

There are two basic categories that most loan types fall into – Secured and Unsecured. Secured Loan. Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien is placed on such item.

source: greenpath.com
USDA Rural Housing Loan
USDA Rural Housing Loan

USDA Rural Development does not directly offer workout plans to distressed homeowners in the Single Family Housing Guaranteed Loan Program as USDA is not a financial lending institution. We urge any customer with a guaranteed loan seeking assistance to contact their mortgage servicing lender immediately to determine their eligibility for ...

source: rd.usda.gov
image: e-co-op.com
VA Loan
VA Loan

With installment loans, you borrow a specific dollar amount from a lender and you agree to pay the loan back, plus interest, in a series of monthly payments. Qualifying for an installment loan can be a great way to pay for a car, home or even pay a portion of a college degree, depending on your credit score and overall financial situation.

source: credit.com