Credit and Its Cost
What is Credit? Credit is money granted by a lender (or creditor) to a debtor (or borrower) whereby the lender defers receiving payment of the debt for a period. In exchange for the credit allowed, the lender will get back the money lent plus interest. The borrower has use of the money immediately, ... more...

Online Amortization Schedules
Online amortization schedule calculators are some of the best online available. They are web-based, so they do not need additional software or applications. Amortization schedules can be calculated immediately online on one of their web pages.Ewmortgage.com is a mortgage advisor website that ... more...

Bad Credit Mortgage Refinance Loans: Focus on Compound Interest
Upon initial glance, you may look at the term compound interest and become confused. Hopefully the following information will help clarify this term and make your financial planning easier.So, what is compound interest? you ask. Compound interest is the interest collected on the principal amount of ... more...

Selecting the Right Mortgage for You
A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.There are various types of mortgages, including Fixed-rate, Adjustable-rate, Balloon ... more...

Comparing Mortgage Rates
When you're getting ready to buy a new house, you're likely going to be confronted with a variety of mortgage options. You might have to choose whether to apply for a standard loan or a balloon mortgage, as well as whether to go for a shorter loan term like 10 years or a longer term of 20 or 30 ... more...

Decision Time: Home Equity Loan or Home Equity Line of Credit?
Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002. With so many people deciding to cash in on their home's ... more...

An Introduction to Interest Rates
Interest is one of the more important aspects of dealing with banks and other lenders depending upon the type of account or loan that you're dealing with, the interest can either make you money or cost you money.A variety of different factors can determine how much interest you receive or how much ... more...

Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
You've been looking at houses for months, and finally youve found it--the house that's just right. So now, all you have to do is to purchase your new home, move in, and get settled, right? Not quite. Theres one more big step to go-getting a mortgage loan. Youre going to want to decide on the type ... more...

Welcome To The World Of Upside Down Motorcycle Loans!
With the depreciation on motorcycles being so enormous after they are driven off the showroom floor, the potential for a buyer owing more on their motorcycle loan than the bike is worth it quite high. Owing more on your bike than it is worth is often referred to as the world of up side down.Many ... more...