Loan

Credit News

I Applied For An Online Payday Loan, payday loan online.#Payday #loan #online


I Applied For An Online Payday Loan. Here’s What Happened Next

Payday loan online

Payday loan online

Payday lenders made about $49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find out.

In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.com and filled out an application.

I asked for $500 and, to be safe, I made up an address, a name (Mary) and a Social Security number. The site asked for more sensitive stuff — a bank account number and a routing number — and I made that up, too.

In spite of the made-up information, in less than a minute, I got a response.

“Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan up to $750.”

If I wanted to borrow $750 for a week, I would have had to pay $225 in interest. The site said that was an annual percentage rate of more than 1,300 percent.

I did not agree to take the loan.

But within minutes, my phone rang (I had entered my real phone number). It was a guy from Tremont Lending, in South Dakota. I told him I was a reporter, that I didn’t really want a loan, and I figured that would be the end of it. But then, I started to get more calls.

“Hi, Mary. My name is Ethan, Ethan Foster, and I’m calling from InstaLoan. And this call is regarding the loan application which you put online. It has been successfully approved by our company as a personal loan.”

“This message is intended for Mary Kettler. Mary, the very second you receive this message, I need your urgent attention to return the call. My name is Tom Watson.”

For months, I got dozens of calls. Many of the callers had strong foreign accents. One caller, who said his name was Kevin, told me that Mary had been approved for a loan of up to $5,000 — 10 times what I initially asked for.

Kevin said he was from a company called Cash 4 You, which was unconnected to eTaxLoan.com. By this point, I was wholly confused. ETaxLoan had said it was a secure site, but now, many different companies had my application — and, presumably, my personal information.

It turns out there’s a huge online bidding process for such loans. ETaxLoan isn’t a lender at all, but something called a lead generator. It finds potential customers, then passes them on.

When I tried to contact eTaxLoan to learn more, I might as well have been looking for the holy grail. The company’s customer service line connected to a recording that said “due to an overwhelming response to great loans,” it could not take calls. The site lists an address in Delaware — but the company isn’t at that address. I spent days trying to find the company’s physical location, without success.

And when I tried to call back the people who had offered me loans, I couldn’t get through.

But eventually, I did find someone willing to talk about the business. Jack Murray heads Fix Media Group, in Virginia, which has a site called wefixmoney.com. Murray says his company — not unlike eTaxLoan — is really a marketing firm.

“We are a matching service, just like an Expedia is for a travel company or a Hotels.com is for a hotel company,” Murray says.

But instead of matching travelers with hotels, Murray matches those who need cash — and can’t get it elsewhere — with those willing to lend.

For that, he might get anywhere from $1 to $100 per lead. Murray draws a big distinction between his company and others in the business. He says he’s completely aboveboard and works only with partners he trusts.

“We have a pretty limited network of lenders, and we know what each of our lenders is looking for,” he says. “So whether it’s a certain state or other qualifications or characteristics of the customer, it will match the appropriate lender based on those things.”

Murray says neither he nor his lenders resells personal data, like the kind I submitted. But he says that others do, and that’s likely what happened in my case. It doesn’t take long online to discover there’s a whole network of people trying to buy and sell payday loan leads.

None of this surprises Benjamin Lawsky, the superintendent of financial services for New York state and one of many regulators trying to clamp down on payday lending.

“Once you made that application, you basically sent up a red flag with them that you are someone in need of this money, and you need it on a short-term basis,” he told me. “That’s when the vultures come out.”


House loan, house loan.#House #loan


ハウスローンパートナーズは、工務店とそのお施主様のための住宅ローンコンサルティング会社です。

House loan

  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan
  • House loan

House loan


Mortgage House – The Personal, Business And Home Loan Experts, house loan.#House #loan


Apply Online

Our simple online form fits

into your schedule.

House loan

Take Advantage & Save!

With Our Fresh Low Rates For Spring

House loan

Find Out How Much You Can Borrow

House loan

Award Winning Lending Specialists

House loan

House loan

Request a Call Back

from a lending specialist

Book a time that’s convenient for you and one of our loan specialists will give you a call

Popular Home Loans

House loan

House loan

House loan

Find the Right Home Loan for You

House loan

First Home Buyer

You’re now ready to become a home owner. It may seem daunting but we’ll help you find the right mortgage.

House loan

Second Home Buyer

You’ve been there before so you know the ropes. Use that experience to gain that great second home.

House loan

Refinancer

Looking to lower your interest rate? Or go on holiday? Or consolidate debt? Refinancing can help.

House loan

Construction

Want a house that is 100% as you envisioned it? The right mortgage can help you build your dream home.

House loan

Renovation

Add some value to your home or finally start on that DIY renovation project you’ve been putting off.

House loan

Self Employed

If you are a business owner or professional contractor then a low doc loan is your mortgage solution.

House loan

Investor

Your criteria for a mortgage will differ from that of a retail home buyer. Draw on our expertise.

House loan

Relocation

Bought a new home but still waiting on sale of old one? A relocation / bridging loan will tide you over.

House loan

Calculators

House loan

Resources

Why Choose Mortgage House?

Award Winning

We’re one of Australia’s most awarded non-bank lenders

Award Winning

Independent

An independent lender with the same resources as traditional brokers

Independent

Approachable

Expert lenders who’ll get you there without the mortgage jargon

Approachable

Innovative

Our innovative online services will save you time & effort

Innovative

Get in Touch Today

Mon – Fri 8:00 am – 7:00 pm Saturday 9:00 am – 4:00 pm Sunday Office Unattended

Fast Track Your Home Loan

Want to talk later?

Have a Question?

Request a Call Back

Get In Touch Today!

Request a Call Back

*The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice.

Mortgage House ABN 98 081 508 054 Australian credit licence 393283

House loan


SBA Loan Rates – Current Interest Rates and How They Work, best loan rates.#Best #loan #rates


Best loan rates

Best loan rates

SBA Loan Rates Current Interest Rates and How They Work

There are three primary types of SBA loans: SBA 7A Loans, SBA Express Loans, and CDC/504 Loans. SBA 7A loans and SBA Express loans can be used for a wide variety of purposes, including growth capital and refinancing. CDC/504 loans, on the other hand, are specifically for the purchase of fixed assets like real estate and heavy machinery.

November 2017 Maximum interest rates on SBA 7A Loans range from 6.5 % to 9 %. Full Table

November 2017 Maximum interest rates for the CDC portion of CDC/504 Loans currently range from 4.08% to 4.43% including fees. Full Table

Before reading further, make sure you are qualified. Though there are exceptions, and startups are sometimes eligible, there are five general requirements for getting an SBA loan:

  • In business at least 2 years
  • Personal credit score is 680+ (check your score for free here)
  • Seeking at least $30,000
  • At least $50,000 in revenues for the past 12 months
  • Business is profitable

Sound like you? We recommend applying with SmartBiz. They are the best company we have found at providing quick turnarounds on SBA loan approvals, and you can find out how much you qualify for in 5 minutes.

Current SBA (7A) Loan Interest Rates and Explanation

The Small Business Administration (SBA) sets the maximum interest rates that banks can charge on 7A loans. The current maximum interest rate ranges from 6.5% 9%, depending on the size of the loan and the amount being borrowed.

The maximum interest rates on SBA 7A loans are also based on market interest rates. As market interest rates change, so will the maximum interest rates on these loans.

Maximum Interest Rates on SBA 7A Loans for November 2017

Detailed SBA 7(a) Interest Rate Explanation* Please note SBA 7A Express loans carry a higher interest rate for similar size amounts and terms than the standard 7A loans above. We recommend avoiding SBA Express loans as firms like SmartBiz can provide approval for the standard 7A with similar turnaround times.

As the table above shows, the maximum interest rate on SBA 7(a) loans is based on three factors:

  1. A base rate (one of the following publicly available interest rate measures): Prime Rate, LIBOR (one month) + 3.0%, or SBA Peg Rate
  2. The term of the loan: Less than 7 years or greater than 7 years. For example, 3 and 5 year loans would all fall into the same category of under 7 years.
  3. The size of the loan: Under $25,000, $25,000 to $49,999, and over $50,000. For example, loans of $30,000 and $45,000 will fall under the same category.

As the table shows, loans longer than 7 years have a maximum interest rate which is half a percent higher than similar size loans that are for terms that are less than 7 years.

Loans for more than $50,000 have 1% lower maximum interest rates than loans between $25,000 and $49,999 when taken for similar terms. Similarly, loans for $25,000 to $49,999 have 1% lower maximum interest rates than loans for less than $25,000.

Fixed vs. Variable SBA Interest Rates

7A loans can have a fixed or variable interest rate. With a fixed rate loan, the loan interest rate remains constant throughout the life of the loan. With a variable rate loan, the loan’s interest rate can change (often referred to as a reset) at regular intervals, such as quarterly or monthly.

With variable rate SBA 7A loans, the rate is reset based on one of three publicly available market interest rate numbers, plus a fixed percentage. The interest rate must always be at or below the maximum interest rate set by the SBA. For smaller size SBA loans (for example those under $500,000), banks tend to offer only variable rate loans, with interest rates at or close to the maximum allowable by the SBA.

The Base Rate And Interest Rate Resets

Banks can choose one of three market interest rate measures as their base rate. These are the prime rate, LIBOR + 3.0%, or the SBA peg rate. While there are small differences between these rates, they tend to track each other very closely. The Prime Rate is the one that s most commonly used.

Rates as of November 1, 2017:

  • Prime Rate: 4.25% (source: WSJ)
  • LIBOR (one month) + 3.0%: 4.24% (source: Bankrate)
  • SBA PEG Rate: 2.625% (source: National Association of Government Guaranteed Lenders)

These rates can go up or down based on market conditions. Currently, they are at decade low levels. Over the last 10 years, the Prime Rate has been as high as 8.3%.

With a variable rate SBA 7A Loan, as market interest rates rise so will the rate on the loan. Let’s take the example of a 10-year loan for $50,000 with interest rates rising by 2%.

The maximum interest rate on the loan currently would be 7.75%, with a monthly payment of $600 per month. With a 2% rise in interest rates upon the interest rate reset, the rate would be 9.75%, with a monthly payment of $654 (this would be the monthly increase for a newly issued loan. If the loan was older, the increase in monthly payment would be lower).

Interest Rates Are Not The Only Costs To Borrowing Money: APR/APY

When taking a loan, there is often an origination fee. This fee supposedly covers the costs of the bank or financial institution of making the loan, including marketing costs. However, the origination fee is not directly based on costs and is arbitrarily set by the financial institution. An origination fee of 4% is not unusual. The fee is typically taken “off the top”. For example, a borrower taking a $50,000 SBA loan with a 4% origination fee would only receive $48,000.

SBA 7(a) loans also have a guarantee fee. Initially, the lender pays this fee to the SBA, but it s almost always passed on to the borrower at closing. Currently, the SBA has waived fees for loans under $150,000. Above that, the fee typically ranges from 3 % to 3.5 % of the guaranteed portion of the loan. The exact percentage depends on the size of the loan and the length of the loan. For example, if a borrower takes a $250,000 10-year 7a loan, the SBA may guarantee 75 % of that, or $187,500. 3 percent of that amount, or $5,625, is the guarantee fee that will be charged to the borrower. For more info, click here.

The true cost of borrowing money (interest rate + fees) is often called the APY (Annual Percentage Yield) or APR (Annual Percentage Rate). On a ten year SBA loan, the effect of fees can create an APR or APY that is around 1% higher than the loan’s interest rate. The shorter the loan the bigger the impact that fees will have on the APY/APR.

What size SBA loan could you qualify for? Apply with SmartBiz and get an estimate in minutes.

November 2017 SBA Loan Rates On Real CDC / 504 Loans

The Small Business Administration (SBA) sets the maximum interest that banks can charge on CDC/504 loans. The current maximum interest rate ranges from 3.83% to 4.56%, depending on the size of the loan and the amount being borrowed.

The maximum interest rates on CDC/504 loans are also based on market interest rates. As market interest rates change, so will the maximum interest rates on these loans.

While a 7A SBA Loan can be used to purchase real estate, a Real CDC / 504 Loan will tend to provide borrowers with tremendous interest rate savings. A CDC / 504 loan is composed of two loans:

  1. A loan from a financial institution (bank) for typically 50% of the price of the property, equipment, and building upgrades.
  2. A loan from a Certified Development Company (a non-profit) for 40% of the price.

The remaining 10 % is a down payment from the borrower. The interest rates on the bank portion of the loan are not set by the SBA. However, the interest rates on these loans tend to be very low, currently in the mid-single digits. Because the bank loan is senior to the CDC loan and the loan is backed by real-estate, there is a low risk that the bank will not be able to get back the money it loans. The low-risk is reflected in the low-interest rates.

The maximum interest rate on the CDC portion of the loan is set by the SBA.

If you re in the market for commercial real estate and will occupy at least 51% of the space, you may be a good candidate for an SBA 504 loan. We recommend working with Liberty SBF for SBA 504 loans. If you have credit score is above 680 (check here for free), you ve been in business 4+ years, are profitable, and need more than $1,000,000, speak with Liberty SBF today.

If you need a commercial real estate loan of $500,000 $5,000,000, another option is a 7(a) loan with a 25-year repayment term. If you have a credit score above 680 (check here for free), you ve been in business 3+ years, are profitable, and will occupy at least 51% of the space, get prequalified in minutes with SmartBiz.


Home – Student Loan Servicing Alliance, loan servicing software.#Loan #servicing #software


loan servicing software

Loan servicing software

Welcome to the Student Loan Servicing Alliance website!

The Student Loan Servicing Alliance (SLSA) is a non-profit, membership organization of student loan servicers and software providers in the Federal Family Education Loan Program (FFELP) and Federal Direct Loan Program (FDLP). SLSA has approximately 30 members, and together we service more than 90 percent of all outstanding student loans. Our members provide the full range of federal loan servicing operations, conversion from in-school status to repayment, customer service, payment processing, collections, and claims processing. Many of our servicers also service Private Education Loans.

SLSA’s main focus is on operational and technical issues that impact customer service and program administration. We identify obstacles and opportunities within the loan programs that can benefit from our expertise and leadership, and we formulate solutions that achieve simplification and standardization. SLSA develops industry positions and promotes best practices, helping its members provide the highest level of quality customer service. We also work with other organizations to support the continuing enhancement and streamlining of the student loan programs.

Parents, Students, Borrower Information

Federal Student Loans are the number one source of post-secondary education financing in America. If you are a parent or student beginning your search for a student loan, it is important to know what type of Federal Student Aid your school offers. For loans, most schools offer the Federal Direct Loan Program (FDLP). In the Direct Loan Program, your loan funds come directly from the Federal Government and are serviced by one of several student loan servicers. If you borrowed a Federal Loan before 2010, your funds may have come as a Federal Stafford Loan from your choice of participating lenders in the Federal Family Education Loan Program (FFELP). If you have a Federal Student Loan, and you know who your servicer is, use our directory to find information about how to contact them.

Private Education Loans (also known as supplemental or alternative student loans) are also used by some students and parents to pay for college. There are several types of Private Education Loan providers, including states, banks, credit unions, and other for-profit and not-for-profit lenders. Many SLSA members service Private Education Loans, as well as Federal Student Loans. If you have a Private Education Loan, and you know who your servicer is, use our directory to find information about how to contact them.


Loan Agreement Letter – Free Sample Letters, loan agreement sample.#Loan #agreement #sample


Free Sample Letters

Loan Agreement Letter

Loan Agreement Letter is added here for your help. Loan agreement is legal agreement that is mostly prepared between lender and Brower before giving loan. Every business organizations, companies and banks used this agreement as a proof of the loan payment. This letter is a letter that is sent by the lender to the owner of the company for getting permission of the loan for their personal use. The reason of getting this loan will be written in this letter and all the other necessary terms and condition also mention in this letter. This letter is used for sending request to owner of the company. If you are looking for well prepared and well formatted loan agreement letter template so we welcome you to our website. We offer you our prepared and drafted loan agreement template that is prepared for your comfort. Using our template you can make your letter more beautiful and attractive. Our provided template is prepared in a professional way. Underneath you see the nice and well prepared picture of our designed loan agreement letter template. Making and changing in this template is so easy because this template has been created in MS Word. Find below we inserted a download button with a quick download link.

Elegantly prepared sample loan agreement letter will definitely help you a lot to write impeccable loan agreement letter. Taking a loan is a common way used by companies and individual persons to fulfill personal or business related financial needs. A loan transaction always should be in writing and loan agreement letter allows you to do so. Loan agreement letter provide detailed information, terms and conditions about relationship between a lender and borrower. The letter may include standard details about both parties, amount of loan, duration, interest rate, payment schedule and other concerned details etc. Whether you are entering into a loan agreement as a lender or borrower, you have to write down the transaction in writing with help of loan agreement letter. Download a sample loan agreement letter from web and save your time when writing a loan agreement letter.

Download Sample Loan Agreement Letter:

Loan agreement sample

Loan agreement sample

Letters are very much important for all types of communication and everybody must have the skill of writing it in their native language. Communications through letters is not only more comfortable to understand but also more effective in results. Letters should always be very much concise and to-the-point in its content. This will save the time of the reader and they will be more likely to react to it. You must tripple check the spellings and grammer mistakes before finalizing it . You should also keep in mind proper format for the letter type. Do remember that these sample letters are provided here for the purpose of reference and guidance only and you can change it as per your wish and need. We don t encourage you to use these letters as it is. Instead you should get a feeling of letter from these samples and try to write by your own.


Bank of Baroda – Form Download, bank of baroda home loan.#Bank #of #baroda #home #loan


Bank of Baroda – India’s International Bank. UK Operations

Form Download and T & C

  • General Terms Conditions (390kb)
  • Individual Deposit Accounts (128Kb)
    • Annexure Form – For additional applicants (Individual Accounts) (98Kb)
    • Fixed Deposit Instruction Form (108Kb)
    • Certification Guidance (190kb)
    • FSCS Information Sheet (46kb)
    • FSCS Exclusion List (107kb)
    • BOB-Tax-status-declaration-for individual (80kb)
  • Business / Company Accounts (235Kb)
    • Terms Conditions (390kb)
    • Certification Guidance (190kb)
    • BOB-Tax-status-declaration-form-entity-guidance-notes (420kb)
  • Unincorporated Society,Club, Association,Trust A/c Opening (166Kb)
    • Terms Conditions (390kb)
    • Certification Guidance (190kb)
  • FSCS Information Sheet (69.47Kb)
  • FSCS Exclusion List (104.50Kb)
  • Remittances (254Kb)
  • Click Funds2India-Registration Form (101Kb)
  • Click Funds2India-Telecommunication Mandate (23Kb)
  • Debit Card with Terms Conditions (2.44Mb)
  • Personal Loan (862Kb)
  • Transaction Based Internet Banking forms
    • Application form for Internet Banking (for Individuals) (491Kb)
    • Application form for Internet banking (for Corporate) (1,656Kb)
    • Company resolution (1,202kb)
    • Internet Banking form for Mobile No and Email ID Updation (104Kb)
    • Request for generation of new password (227kb)
    • Terms and conditions Retail (227kb)
    • Terms and conditions Corporate (227kb)
  • SMS Alerts Facility
    • SMS Alerts Subscription Form (153Kb)
    • SMS Alerts Terms and Conditions (48Kb)
  • mPassbook Mobile Application
    • mPassbook Terms & Conditions (369Kb)
    • mPassbook FAQ (90Kb)

Authorised and regulated by PRA & FCA in the United Kingdom | A member of Financial Services Compensation Scheme | Government of India is major shareholder in the Bank.


Canara Bank Internet Banking, canara bank home loan.#Canara #bank #home #loan


canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara bank home loan

Canara Bank never sends email for getting customer information. Please report immediately to nearest branch if you receive any e-mail purported to be originated by Canara Bank to gather your UserID or Password or any other personal information. Our Bank does not ask for the details of your account/PIN/password. Therefore any one pretending to be asking you for information from the bank / technical team may be fraudulent entities, so please beware. You should know how to operate net transactions and if you are not familiar you may refrain from doing so. You may seek bank’s guidance in this regard. Bank is not responsible for online transactions going wrong. We shall also not be responsible for wrong transactions and wanton disclosure of details by you. Viewing option and transactions option on the net are different. You may exercise your option diligently.

Canara bank home loan Canara bank home loan Canara bank home loan Canara bank home loan


PNB Savings Bank, pnb home loan.#Pnb #home #loan


pnb home loan

Gives power over money to reach its interest-earning potential.

A tiered, high interest-bearing special peso savings deposit account for individuals. It comes with free medical call assistance and a Life and Death Accidental Insurance coverage.

Earn interest from your dollar deposits. Cleared funds are withdrawable anytime.

A non-interest earning peso deposit account also known as Checking or Demand Deposit.

A peso deposit account that earns interest like a Savings Account combined with the convenience of a Checking Account for a specific payee.

A special checking account that earns interest equal to the rate of a regular Savings Account.

Pnb home loan

Loans & Credits – Smart access to cash for businesses or individuals.

Pnb home loan

Buy that dream car the smart way.

Pnb home loan

Purchase or construct that dream house the smart way.

Pnb home loan

The smart access to cash for individuals.

Pnb home loan

Meet the full potential of the business with ready cash.

Pnb home loan

Invest & Insure – Maximize your money today to prepare for the future.

Pnb home loan

Provides higher interest than the regular savings account.

Pnb home loan

Gives power over money to reach its interest-earning potential.

Pnb home loan

US dollar earns more interest than the regular dollar savings account.

Pnb home loan

Take advantage of the strong partnership of PNB Life and Allianz to provide you solutions that are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino Family.

Pnb home loan

ATM & Payments – Use our strong banking network for your utmost convenience.


Interest Only Calculator, Payments During Construction, simple interest loan calculator.#Simple #interest #loan #calculator


Interest Only Calculator

  • Simple interest loan calculator

Simple interest loan calculator

Simple Interest Payment Calculator

This calculator will compute the interest only payment for construction loans.

Simple interest loan calculator

Construction Loan Budget Calculator

Almost every lender will use a slightly different version of this calculator.

How and When is a Simple Interest Calculator Used During the Construction Phase

Interest Only Construction Loan Calculator

D uring construction a construction loan’s payments are based on the loan amount actually drawn, unless if the loan is a hard money loan in which case the entire amount is deposited into an escrow account and interest is charged on the entire loan amount.

It is therefore difficultif not impossible to accurately estimate what the payments will actually be as the loan amount is subject to change at any one time.

A good approximation will be to:

  • Take 70% of the loan amount.
  • Use this calculator to figure out monthly payments.
  • Multiply the result by 12 to get the total approximate interest.

Furthermore, normally no payments are made during construction but rather applied to the payment reserve account that is set up and included in the loan amount.

A basic and simple to use Construction Loan Amount Calculator is available here.

Construction loans that include an interest reserve account not only help your cash flow, as you are not saddled with two house payments but also allow you to qualify for a larger loan amount since present and future housing expenses are not included in your debt ratio.

Construction loans have calculations that are a good deal more involved than a simple purchase or refinance mortgage loan amount.

Construction lenders calculate the actual construction loan amount after you answer some simple questions.

The interest only calculator on this page uses Java Script. If you have set your browser not to allow Java Script then you will get a warning asking you if you would like to allow the script to run. All you do is allow the script to run temporarily and the calculator will work.

Qualifying for a mortgage loan involves debt ratio calculations that very slightly from one financial institution to the next. In most cases the borrower’s debt ratio is analyzed using the fully amortized payment.

Simple interest loan calculator

New Home Construction

Construction and take out financing of ground up residential, owner occupied properties, up to four units.

Simple interest loan calculator

Remodeling Loans

Major remodeling loans for currently owned or purchase and rehabilitation of residential properties, up to four units.

Simple interest loan calculator

FHA 203(k)

FHA’s rehabilitation loan program for currently owned homes and purchase transactions of up to four units.

Simple interest loan calculator

Modular Homes

Modular, manufactured & fifth wheel homes. What are the differences? Is financing be available for them?

Simple interest loan calculator

Bad Credit Loans

Construction loans are available for damaged credit, but things can work very differently in this case.

Simple interest loan calculator

Builder Construction Loans

Also known as spec loans these are for speculators who plan on building several homes or a condo project.

Simple interest loan calculator

Lot Loans

Lot Loans for when you are not ready to build, but the opportunity presents itself. For up to Four Units.

Simple interest loan calculator

Stated Income Loans

For hard to document income or very complex combination of corporate and/or trust and personal returns.

Simple interest loan calculator

Closing Costs

Typical closing costs for a construction loan are a little different from conventional mortgages.