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2. Low-income loans: Personal loans for a tight budget - AOL

   www.aol.com/finance/low-income-loans-personal...

   Your DTI is calculated by dividing the sum of your monthly debt payments by your total monthly gross income. Lenders like DTIs at or below 36 percent, though some lenders will accept DTIs up to 50 ...

3. What is a balloon mortgage? - AOL

   www.aol.com/finance/balloon-mortgage-152953219.html

   A balloon mortgage is a type of home loan in which you make low or no monthly payments for a short term, usually five or seven years. After this low- or no-payment period ends, you pay a large ...

4. How to qualify for competitive rates on low-interest personal ...

   www.aol.com/finance/qualify-competitive-rates...

   If you can afford the monthly payment on a loan with a shorter term, the lender may offer you a lower interest rate. But an extended term is ideal if you need a lower monthly payment. Online ...

5. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   Low-down payment conventional loans: ... That said, many first-time buyers go with a 30-year, fixed-rate mortgage because the monthly payments are lower and more predictable. Two popular 30-year ...

6. Cash-out refinance vs. home equity loans: Which is best in ...

   www.aol.com/finance/cash-out-refinance-vs-home...

   HELOCs also come with low or no closing cost options. ... Cash-out refinances can stretch to 30 years for lower monthly payments. Home equity loans usually run 5 to 20 years, meaning potentially ...

7. Graduated payment mortgage loan - Wikipedia

   en.wikipedia.org/.../Graduated_payment_mortgage_loan

   A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young people who cannot afford large payments now, but can realistically expect to raise their incomes in the future.