What Is Collateral?
Collateral is property or other assets that a borrower offers a lender to secure a loan.
The day all the loan is paid off by the borrower is the day the home will no longer be collateral, and the lender won’t have any rights to the asset.
A mortgage is a loan used to purchase a home, where the property serves as the borrower's collateral.
Learn about how banks use this interest rate when lending to other banks.
Learn more about this method of borrowing money against the value of your home.
Annual percentage rate and annual percentage yield are two ways companies calculate the amount of interest you can owe. Learn more about them and find out which is the better rate.
Feel like you're drowning in debt? It may be because your loans have gone underwater.
Compound interest is often called one of the most powerful concepts in finance. Find out what it is and how it can work for you.
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