What Is Loan/Lease Payoff Insurance?

Key Takeaways Loan/lease payoff insurance will pay up to 25% of your vehicle's current cash value after your insurance company has paid you if the vehicle is stolen or totaled.…

5 Types of Mortgage Loans

If you're like most people, you'll need to take out a mortgage to buy a home. According to the US Census Bureau, 94% of people who bought a home in…

Types of Whole Life Insurance

Whole life insurance is a type of permanent coverage that's offered in a range of “styles” to suit different needs. Since permanent coverage, including whole life, is more expensive than…

What Is an Insurance Declaration Page?

Key Takeaways An insurance declaration page sums up what is in an insurance policy.It comes at the start of policy paperwork and contains information such as your deductible, coverage, discounts,…

How To Get SBA Loans for Franchises

7(a) Loans 504/CDC Loans Franchise Uses Establishing and operating the business as well as real estate or heavy equipment Purchase of real estate and large equipment or machinery Eligibility Be…

HELOC Pros and Cons

HELOC Home Equity Loan Secured by your home equity Secured by your home equity Low interest rates Low interest rates Usually variable rate Variable or fixed rate Draw funds multiple…

Is a Reverse Mortgage a Ripoff?

Reverse mortgages are special types of loans that give older homeowners a way to turn their home equity into a source of income they can use during retirement. When they…