Comments on: Top Ten Terms for Loans

By: ejay

ejay — Sat, 15 Aug 2009 05:11:30 +0000

These terms are very useful. Many of them dont know the meaning of these terms. Thanks for the description.

By: Deni

Deni — Wed, 15 Apr 2009 17:19:50 +0000

What a nice glossary… I agree with you that we should at least know what the terms mean before getting ourselves a loan. We don’t want to make reckless choice, do we?

By: Bushpig

Bushpig — Tue, 14 Apr 2009 05:05:37 +0000

Reading the terms and conditions are most important part but many times you cant be choosy and settle everything on their conditions.

By: Invisalign Atlanta

Invisalign Atlanta — Fri, 10 Apr 2009 04:24:30 +0000

Nice, I was actually looking at getting my first loan so is coming in handy.

By: Direct Mortgage

Direct Mortgage — Tue, 07 Apr 2009 06:24:04 +0000

all this and take advantage of the situation. None should take any loan without reading everything??????

By: Economist Jobs

Economist Jobs — Wed, 01 Apr 2009 15:23:10 +0000

if only people knew the difference between fixed and variable rate mortgages we might have never had the subprime crisis!

By: TALF

TALF — Wed, 25 Mar 2009 20:17:43 +0000

Great review of the basics but the really interesting stuff going on currently is the products that the Fed and the treasury are creating in order to create liquidity in the credit markets. the TALF program in particular allows investors to buy high quality assets from banks at depressed prices and the government will fund 90% of the purchase. Feels like the RTC product that came out during an earlier bank crisis that made investors lots of money.

By: Las Vegas Mortgage

Las Vegas Mortgage — Thu, 19 Mar 2009 21:13:19 +0000

This article really hits a point that I always tell my clients. Often times we would be at the closing table and they would rush through and sign all the documents without looking at them. I’d will them to slow down and read the documents. They would look at me in surprise and tell me they trust me. Then I explained to them that I was not the one that wrote the documents they’re about to sign. Then they got the point and look over everything carefully.

When I first start in the Las Vegas Mortgage business, I would let my clients do as they please. Then one day I got a phone call from a lawyer telling me that her brother did not agreed to the terms of the mortgage he signed for and that I had lied to them. I looked into the matter and it turned out that there was a typo in the interest rate because the documents prep person at the bank entered the wrong key. The matter was taken care of and the client continues to refer me business.

By: accounting glossary

accounting glossary — Fri, 13 Mar 2009 05:21:03 +0000

accounting glossary…

Stumbled upon your website by accident and almost left immediately because of the font. Is there a reason why you use a font that is hard to read? Though I will give you some feedback. Great site btw….

By: Mathew day

Mathew day — Thu, 12 Mar 2009 13:54:35 +0000

Reading the terms and agreements of a document can be tedious but it is only for our own protection. Not everybody reads them thoroughly. At the most, they only scan it. With your post, I hope that people will somehow be more careful before signing anything especially loan documents.