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  2. What you need to know about short-term loans - AOL

    www.aol.com/finance/know-short-term-loans...

    Car title loans: Another type of short-term lending, a car title loan, allows the borrower to use their vehicle as collateral as long as it’s owned outright. These loans usually allow you to ...

  3. Amortization calculator - Wikipedia

    en.wikipedia.org/wiki/Amortization_calculator

    An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

  4. Annual percentage rate - Wikipedia

    en.wikipedia.org/wiki/Annual_percentage_rate

    This loan is due in the first payment(s), and the unpaid balance is amortized as a second long-term loan. The extra first payment(s) is dedicated to primarily paying origination fees and interest charges on that portion. For example, consider a $100 loan which must be repaid after one month, plus 5%, plus a $10 fee. If the fee is not considered ...

  5. Best mortgage lenders of November 2024 - AOL

    www.aol.com/finance/best-mortgage-lenders...

    New American Funding could also be a good option if you need help with your upfront loan costs. The lender offers up to $8,000 in down payment assistance, which can be used for closing costs and ...

  6. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 27 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

  7. Fixed-rate mortgage - Wikipedia

    en.wikipedia.org/wiki/Fixed-rate_mortgage

    This monthly payment depends upon the monthly interest rate (expressed as a fraction, not a percentage, i.e., divide the quoted yearly nominal percentage rate by 100 and by 12 to obtain the monthly interest rate), the number of monthly payments called the loan's term, and the amount borrowed known as the loan's principal; rearranging the ...

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