Lending

Lending and Refinance

Lending money is one of the most vital elements to a thriving economic system. It allows thousands of people every day the ability to convert monthly payments in exchange for a desired amount and acquire otherwise unaffordable resources.

The government established The Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) to impede unfair lending practices. However, as a potential borrower it is important to get familiar with the many different aspects of lending. You must know and understand your rights, and be proactive on all decisions. Educating yourself on all aspects of getting a loan can go a long way in assuring you obtain the most competitive loan available.

The business of lending capital payable with established interest payments has fulfilled market needs for thousands of years.
While loans can be obtained by almost anyone at the right interest rate, understanding basic lending principles will help everyone make better decisions in all areas of your financial life.

Becoming knowledgeable about the numerous loan programs available, how mortgage brokers and lenders are compensated or how to get a loan despite even the worst of credit can be a valuable resource.


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