5 Types of Mortgage Loans

If you're like most people, you'll need to take out a mortgage to buy a home. According to the US Census Bureau, 94% of people who bought a home in…

Which Is Best for You?

Starter home Forever home Definition A home you plan to own for a short period before buying another one The only home you plan to buy Home features May have…

Types of Whole Life Insurance

Whole life insurance is a type of permanent coverage that's offered in a range of “styles” to suit different needs. Since permanent coverage, including whole life, is more expensive than…

What Is an Insurance Declaration Page?

Key Takeaways An insurance declaration page sums up what is in an insurance policy.It comes at the start of policy paperwork and contains information such as your deductible, coverage, discounts,…

What Is Amortization?

Definition and Examples of Amortization Amortization is the way loan payments are applied to certain types of loans. Typically, the monthly payment remains the same, and it's divided among interest…

CD Early Withdrawal Penalties

Early Withdrawal Penalties at Major Banks bank One-year CD penalty Five-year CD penalty Ally 60 days of interest 150 days of interest Bank of America 90 days of interest 365…

How To Get SBA Loans for Franchises

7(a) Loans 504/CDC Loans Franchise Uses Establishing and operating the business as well as real estate or heavy equipment Purchase of real estate and large equipment or machinery Eligibility Be…