Usury laws limit how much interest lenders can charge, protecting borrowers from excessively high loan...
An unsecured loan is a type of financing that doesn’t require collateral, relying instead on the borrower’s...
A secured loan is a type of loan backed by collateral, reducing lender risk and often providing borrowers...
A promissory note is a legally binding written promise to pay a specific amount of money under agreed...
A loan origination fee is a charge lenders apply to cover the costs of processing and underwriting a...
A co-signer is someone who agrees to pay a loan if the borrower cannot. They help borrowers with limited...
A loan contingency is a contractual condition that must be satisfied for a loan or purchase deal to proceed,...
Loan underwriting is the essential process lenders use to review your financial information and decide...
The Debt Service Coverage Ratio (DSCR) measures a company’s or property’s ability to cover debt payments...
Loan covenants are conditions set by lenders in loan agreements that borrowers must follow to protect...