Loans Explained by Michelle Buyer | Tom Straub Publishing

INTRODUCTION

PURPOSE OF A LOAN
THE LENDER AND THE BORROWER
REASONS TO GET A LOAN
TWO CATEGORIES OF LOANS

Secured Loans
Unsecured Loans

GENERAL RISKS OF A LOAN

Seize Your Property
Garnish Your Wages
Freeze Or Seize Your Bank Accounts
Report Negatively On Your Credit Report
Take You To Court On Civil And/Or Criminal Charges

GENERAL CONSIDERATIONS FOR APPROVAL OF A LOAN

Things You Should Consider
Things The Lender Will Consider

CHAPTER 1 - AUTO LOANS

TYPES OF AUTO LOAN INTEREST RATES
LENDER OPTIONS

Auto Loan Company
Banks
Credit Unions
Dealer Financing
Buy Here, Pay Here

THINGS TO CONSIDER

Know What You Want In A Loan
Shop Around Before Seeing A Dealer
Think About The Long Term

GETTING APPROVED

The Down Payment Or Trade In
Insurance

CHAPTER 2 - HOME LOANS

TYPES OF HOME LOANS

Mortgage
Home Equity
Refinancing

OPTIONS IN HOME LOANS

Fixed Rate
Adjustable Rate
Fha
Va
Interest Only
Balloon

COSTS OF HOME LOANS

Down Payment
Closing Costs
Points
Prepaid Costs
Monthly Payment

FORECLOSURE

Notice Of Default
Notice Of Sale
Trustee Sale

CHAPTER 3 - COMMERCIAL LOANS

DIFFERENCES IN TYPES OF COMMERCIAL LOANS
BUSINESS LOANS

Real Estate Loans
Construction Loans

OUTSIDE HELP WITH A COMMERCIAL LOAN

SCORE
SBDC (Small Business Development Center)
SBA (Small Business Administration)

FOUR KEY EVALUATION FACTORS LENDERS USE

Business Experience
Ability To Repay
Collateral
Documentation

COMMERCIAL LOAN OPTIONS

Credit Lines
Contract Financing
Short Term Loans
Asset Loans
Term Loans
Leasing

CHAPTER 4 – PERSONAL LOANS

OPTIONS IN PERSONAL LOANS

Debt Consolidation Loan
Line Of Credit
Payday Loan

CHALLENGES OF PERSONAL LOANS
TIPS FOR GETTING AND USING PERSONAL LOANS

Improve Your Credit As Much As Possible
Be Organized About Debt And Get All Your Debts In Check
Ask For Only What You Need
Have A Specific Purpose
Show Lender You Are Reliable And Can Pay Back The Loan

CHAPTER 5 - STUDENT LOANS

HOW DO YOU COVER ALL THE COSTS?
WHAT DRIVES LENDERS TO GIVE LOANS
TWO SOURCES FOR STUDENT LOANS

Government
Private Student Loans

WHERE TO GO FOR STUDENT LOANS
ALTERNATIVES TO CONSIDER FIRST
STUDENT LOAN RISKS

CHAPTER 6 - TYING UP LOOSE ENDS

THINGS TO REMEMBER ABOUT SECURING A LOAN

Know Which Loan Is The Right Loan
Make Sure The Loan Is Affordable
Understand The Risks

OVERCOMING OBSTACLES

Bad Credit
Unsteady Employment
Financial Issues
Lack Of Collateral

HOW TO START APPLYING FOR LOANS

Know Requirements
Have Documentation
Know Where To Go
Shop Around

CHAPTER 7 - THE LOAN APPLICATION

HOW TO START APPLYING FOR LOANS

Bank Information
Applicant Information
Loan Request
Terms
Collateral
Work History
Financial Information
Signature Page

DOCUMENTS YOU MAY NEED
HOW TO START APPLYING FOR LOANS

In Person
On The Telephone
Online

CONCLUSION

INSIDER TRICKS
BASIC LOAN INFORMATION

Sale Price $9.99

Loans Explained

by Michelle Buyer

Not Yet Rated

Loans Explained by Michelle Buyer reveals all the options, strategies and tactics you need to know to be able to successfully apply for any kind of loan.

Types of loans covered in detail include automobile loans, home loans, commercial loans, personal loans, student loans and more.

What to provide on your loan application to dramatically increase your odds of being approved is also covered.

Loan categories, general risks of loans and general considerations for approval of a loan are also covered to help you determine whether a loan is worth applying for in the first place.