Tag Archives: Understanding
Is Personal Loan Interest Tax Deductible? Understanding the Rules
When managing personal finances, many borrowers wonder whether the interest paid on personal loans can be deducted from their taxable income. Unlike mortgage or student loan interest, personal loan interest is generally not tax-deductible—but there are some exceptions. When Is
Introduction to Personal Loans – Understanding the Payday Loan System
Introduction to Personal Loans – Understanding the Payday Loan System A personal loan is extended from a financial institution to a borrower purely for personal matters. Mortgage loans are taken out specifically to buy homes, and car loans are taken
Understanding the Types of Home Loan Repayment Structure
Understanding the Types of Home Loan Repayment Structure Obtaining a home loan is a necessity to purchase a house, especially for common wage earners who are unable to make the payment in full. As the amount of money required for
Understanding Variable Interest Rate Home Loan
Understanding Variable Interest Rate Home Loan What is a Variable Interest Rate Home Loan? A variable interest rate home loan (sometimes also referred to as a “floating” or “adjustable” rate home loan) is a very popular product in the lending
Understanding The Intricacies Of The HARP Loan
Understanding The Intricacies Of The HARP Loan HARP is short form for “Home Affordable Refinance Program” and was first designed for those people who owned homes that were serviced by loans from Fannie Mae and Freddie Mac. With this program
Understanding mortgage interest rates and their workings
Understanding mortgage interest rates and their workings If you are a first time home buyer and are thinking of buying a new house, then it is vital to understand how the mortgage interest rates work. To those people who are
Understanding How Home Loan Interest Rates Are Set
Understanding How Home Loan Interest Rates Are Set Buying a home, especially for the first time, is a big step in life and is also a tremendous economic decision that will affect you for years to come, so if you
Understanding How Online Calculators Work
Understanding How Online Calculators Work An online calculator offers the chance to complete a wide-range of mathematical calculations, and is accessible in different variations. Depending on the need a few of the calculators cater to the elementary needs related to