5 Things You Need To Understand About How Your Mortgage Payment Works
If you want to purchase a home, pretty soon you will be making a mortgage payment. Your mortgage payment goes to a variety of different expenses and funds, and those payments work together towards paying off your home and protecting your investment. Loan Interest When you make your monthly mortgage payment, a portion of your payment will go towards the interest on your loan. The interest is essentially the money that the bank is making on your loan.
Three Things You Must Know About SBA Loans Before Applying For One
There are many ways you can obtain capital for your business, but getting loans through the Small Business Administration (SBA) is one of the best options because the low interest rates and long repayment times makes them the most affordable. However, here are three things you need to know about SBA loans that could help you better manage the process and increase your chances of getting approved for funding. The SBA is the Guarantor, Not the Lender