New Page 1

Why Invest in Property?
Secrets & Strategies
About Loans
Financial Planning
Down Payment Help
Second Investment
Flip Real Estate
Getting Started
Investing Resources
Advanced Investing

XML RSSSubscribe To This Site

XML RSS
follow us in feedly
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines

What is a Loan?



A loan is a sum of temporary borrowed money, it entails you the redistribution of financial assets over time, between you and the person who lend you the money. In a loan, the borrower gets an amount of money known as the principal, from the lender. It is an obligation to pay back this money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments, spread over a period of time.

You can get a loan from most financial institutions as long as you meet the requirements. Loans provided to you from a bank are generally given at a cost, referred to as interest. An interest comes from a percentage of the amount of money you borrowed. The percentage charged is called an interest rate. This is how a bank makes money.

In a legal loan, there are obligations and restrictions enforced by contracts. It is important that you understand and know these terms and rules. If not, you can get yourself into financial trouble if you are not able to fulfill the payments. This can lead to overdrafts, late fees charges, which will cause you to owe even more to the bank.

You are the one responsible for your money. Hence, itÂ’s good to take time to look for the right loan that suits your needs. Be realistic on what you can afford. If you have any questions, discuss your concerns with a financial professional.

To understand what loans are all about, check out the video below:



  

Return from Quicken Loans to Homepage

Have A Great Story About This Topic?

Anything you want to share about loans? Share it!

[ ? ]

Upload 1-4 Pictures or Graphics (optional)[ ? ]

 

Click here to upload more images (optional)

Author Information (optional)

To receive credit as the author, enter your information below.

(first or full name)

(e.g., City, State, Country)

Submit Your Contribution

  •  submission guidelines.


(You can preview and edit on the next page)

 


New Page 1

HTML clipboard 4 Days e-Course on
 " How to Get Started with Little or No Money in Property Investment"
Name:
Mobile Number:
Email:
Note: Your details will be treated as high privacy
Home About Us Contact Us
Copyright® 2009 Real-Estate-Investment-Explained.com