Welcome to Loans Guide
Equity Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Applying For Your First Loan
from:Applying for one of the many type of loans available for the first time can be very nerve wracking, especially if you have no idea what is involved in the process. Some of the several loan types available include:
• Student loans
• Business loans
• Mortgage loans
• Car loans
• Personal loans
The first thing you need to understand is that most lenders such as banks or mortgage brokers make more money giving people loans than not lending the money, so prefer to approve loans rather than reject them. Lenders will look at the loan application to help them decide whether to approve or decline your loan. They look for information such as a sound, steady employment record, working at the same job for at least a year, steady income and the assets you have such as personal property and vehicles. Other things that work in your favor and make a difference in whether you get a loan is proof of savings, bills paid when due and low credit card balances with sound repayment history. For people that rent, lenders are looking for on-time rental payments or payments made in advance.
When filling out a loans application form in person, it is extremely important to fill it properly, paying close attention to details. No potential lender wants to see an application that is difficult to read because the handwriting or printing is overly small, large or sloppy. Avoid using capital letters when filling out an online loan application form except on names, states, street addresses and other words that require capitals.
It is important to make yourself look as positive as possible on the loans application, whether you have an excellent or poor credit rating, but without fabricating any information or telling lies. The information should be as truthful, honest and accurate as humanly possible. If a potential lender discovers that any of the information you put in the loans application is untrue, there is a very good chance they will deny your loan.
When filling out a loans application form, be very sure to fill it out completely without leaving any blank fields because a potential lender may see this as a red flag that you are hiding something. If you unintentionally omit some information, it could mean a denied application, a new application to fill out, or a phone call from the potential lender with you making a trip back to complete the application properly. If there are any areas on the loans form that do not apply to you, instead of leaving it blank, write ‘does not apply’ or ‘N/A’ instead.
Equity Loans Specific links
Equity Loans News
Terra Firma Capital Corporation Reports First Quarter 2012 Results - MarketWatch (press release)
Terra Firma Capital Corporation Reports First Quarter 2012 Results MarketWatch (press release) These funding sources were used to leverage the Company's shareholders' equity to fuel the growth of its loan portfolio and increase the return on its net investment, while limiting its overall portfolio risk profile. "We are very pleased with our 2012 ... |
SBA head looks beyond loans to help small business - BusinessWeek
 Entrepreneur | SBA head looks beyond loans to help small business BusinessWeek Mills, 59, was one of the founders of Solera Capital, a private equity firm in New York. She was also president of MMP Group, which owned companies involved in consumer products, textiles and industrial components. Her previous experience gave her "the ... SBA chief Karen Mills answers 10 questions -- and dodges one on Bain Capital Obama, Romney on lending to small business |
Patriot Coal shares pick up a bit on loan talks - BusinessWeek
 Forbes | Patriot Coal shares pick up a bit on loan talks BusinessWeek THE SPARK: Patriot announced Tuesday afternoon that it is working with private equity firm The Blackstone Group and the law firm Davis Polk & Wardwell LLP to secure a financing package. Investors are concerned that the company will not be able to ... S&P cuts ratings for Patriot Coal Coal companies decline as Patriot swoons |
ResCap to Stop Funding $1.7 Billion in Home Equity Loans - San Francisco Chronicle
ResCap to Stop Funding $1.7 Billion in Home Equity Loans San Francisco Chronicle The decision means ResCap will no longer loan money to consumers who have approved, home-equity lines of credit. The company will continue to service the loans that have already been funded. Ally Financial Inc., which is trying to repay a US government ... |
RLPC-Apax set to sell Marken as debt talks stall - Reuters
RLPC-Apax set to sell Marken as debt talks stall Reuters * 365 mln stg debt restructuring talks stall * No agreement with lenders over new money * Lenders start selling loans to distressed investors By Isabell Witt LONDON, May 23 (Reuters) - Private equity firm Apax is preparing a possible sale of its ... |