Free Financial Advice for Credit Card Help, Debt Reduction, and Achieving Financial Independence
Where is your bottom line?
Over a Dozen FREE Financial Calculators to Choose From!
First Financial Help
Here is what you need now to get a loan.
There still may be some lenders that will 100% finance a loan. Most will want some money down. They want some of your skin in the game. It also gives them a buffer between what they are loaning you and the value of the asset they can foreclose on if you default or are extremely poor. Sometimes you will even be required to have a minimum amount of money in reserve.
You must consider who is the best source to get a loan from. Common choices excluding family, friends and such include but are not limited to:
Finally, you need to consider the true loan costs.
Getting A Loan
Just because you can get a loan, should you? The best answer is, it depends.
Sit down when you use this financial calculator. After you enter your loan terms and hit the compute button, it will show you what your total payments will actually cost you.
There are also closing costs to keep in mind. Make sure if you are refinancing that you figure out how long it takes just to get the money back you spent to get your new loan.