The maximum dollar amount a single bank can lend to a given borrower, regulated by the Office of the Comptroller of the Currency.
Definition and Insights about the Legal Rate of Interest
A high-interest loan for high-debt individuals or companies, because who doesn’t love a little extra risk?
A preset borrowing limit that offers flexibility but comes with its own set of risks.
A credit vehicle where a sum of money is lent to another party for future repayment with interest.
Understanding the nuances of loan commitments in the financial world.
Understanding Loan Grading: The Classy Way to Assess Borrower Credibility
A Loan Lock is a financial agreement that locks in an interest rate for a guaranteed period, protecting borrowers from interest rate fluctuations.
A Loan Note is an extended form of a generic I Owe You that defines the legal obligations of the lender and borrower, including terms of repayment.
An exploration of low interest rate environments, their implications, and how they make our wallets feel lighter than a feather!
Understanding Low/No Documentation Loans and How They Work
Understanding the Maximum Loan Amount—Your Wallet's New Best Friend!
The least amount you can pay monthly to keep your credit account in good standing and avoid being haunted by fees.
An upfront fee charged by a lender to process a new loan application.
A mortgagor borrows money to invest in real estate, possibly while dreaming of a white picket fence.
A financial term describing a loan with little to no verification of income or assets.
A mortgage that allows borrowers to secure funding without verifying their income, relying instead on a simple declaration of repayment ability.
Exploring Commercial Lending Without Extra Baggage
An informative yet amusing look at open-end mortgages and how they can help borrowers wrangle in their financing needs.
Discover the intriguing world of P2P lending, where individuals borrow and lend directly, sidestepping traditional banks!
Definition and insights into pledged assets, their benefits, workings, and some fascination in the world of finance.
Measuring devices used by banks in the loan underwriting process.
The financial term describing interest that accounts for inflation.
Understanding recourse in lending, with a touch of humor and wisdom
