A floating interest rate fluctuates over time and influences your loan payments. Learning how it works...
Mezzanine financing is a hybrid capital form combining debt and equity, providing businesses with flexible...
Loan sharking refers to illegal lending practices involving exorbitant interest rates and threats of...
An assumable mortgage allows a homebuyer to take over the seller’s existing loan under original terms,...
A teaser rate is a temporary, low interest rate offered at the beginning of a loan or credit card term...
A Home Equity Conversion Mortgage (HECM) is a federally insured reverse mortgage allowing homeowners...
A chattel mortgage is a loan secured by movable personal property such as vehicles or equipment, rather...
A cash advance is a short-term loan taken against a credit card’s available credit. While convenient...
A conforming loan is a mortgage that meets the specific guidelines and loan limits set by Fannie Mae...
An Adverse Action Notice is a formal letter you receive when a lender or employer takes a negative action...