When you’re looking into getting a line of credit, you might get confused by some of the terms used to describe them. Your lender might discuss “fixed rate loans” and “variable rate loans,” and if you’re pretty new to borrowing money, you might not have any idea what those phrases actually mean. It’s important to understand what they mean because the type of rate you receive could have an impact on the total amount you end up paying back for what you borrow as well as your monthly payment.
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Read This Article →Mortgage terms are pretty confusing in general, the term “balloon rider” is no exception. So, what is a balloon rider on a mortgage? Is it a good thing or a bad thing? Do you have one on your mortgage? There are many people with mortgages who have balloon riders and are not even aware of the fact. However, finding out whether or not you have one is as simple as checking the paperwork you signed when you first bought your house. If you see that you have one, you need …
Read This Article →About The Editor
Maria Schubert is the editor of Instant-Loans.org. Originally from San Diego, Maria graduated from USC with a Bachelor's in Accounting, Certificate in Banking, and Certificate in Entreprenurship. Before joining our website, Maria spent time as a lender at a prominent Florida bank.In addition to working with our staff and contributing to Instant-Loans.org, Maria enjoys golfing, asian cuisine, thrifty shopping, the beach, and a great novel.