What is a Loan Modification Program?
- At December 09, 2016
- By Stephen Matte
- In advice, borrowing, loan, mortgage
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What is a loan modification?
A loan modification is going to a financial institution looking for an adjustment in the interest rate that you’re currently paying. They work with your unpaid balance. You took out a note with the bank …
This could damage your credit score
- At October 06, 2015
- By Stephen Matte
- In borrowing, co-signing, credit, loan, mortgage
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One way that people often hurt their credit is with Co-signing. My advice is — Don’t do it!
Here are a few things to consider:
- Can I afford to pay the debt each month?
- Can I be the main borrower?
What is amortization?
- At August 07, 2015
- By Stephen Matte
- In advice, borrowing, loan, mortgage
0
Amortization is the distribution of payment into multiple cash flow installments, as determined by an amortization schedule. Unlike other repayment methods, each of your installments consists of both principal and interest. You are most likely to encounter amortization with …