Category Archives: Car Loans

Introduction Purchasing a vacation property or second home is a major financial undertaking. As you evaluate financing options, you may be wondering, can you get an FHA loan on a second home? The answer is yes, FHA loans can be used to buy a second home if you meet the program guidelines. FHA loans offer […]

Introduction When applying for financing to purchase a new or used car, one of the first decisions you’ll need to make is whether to get a secured auto loan or an unsecured auto loan. Is an auto loan secured or unsecured? What exactly is the difference between these two common types of auto loans? Understanding […]

Introduction Can you switch your car loan to another bank? Taking out an auto loan is a big financial decision. Your lender sets the interest rate and repayment terms that will impact your budget for years. While you’re generally stuck with your loan agreement, you may be able to switch your car loan to another […]

Introduction Rolling over debt from an existing car loan into a new car loan is a common practice for many consumers. However, there are limits on how much can you roll over on a car loan. Understanding these limits and your options can help you make the best financial decision when purchasing a new vehicle. […]

Introduction When you finance a car purchase, the auto loan interest is one of the biggest costs you’ll incur. Understanding how auto loan interest is calculated can help you get the best rate and terms when financing your next vehicle. How Auto Lenders Calculate Interest There are a few key factors that determine how auto […]

Introduction Getting your first car is an exciting milestone, but financing your first vehicle can be challenging, especially if you don’t have someone to cosign the loan with you. However, there are ways to improve your chances of qualifying for an auto loan without a cosigner as a first-time buyer. This comprehensive guide outlines effective […]

Introduction Getting a new car is exciting, but taking on an auto loan can impact your ability to qualify for a mortgage. When applying for a home loan, lenders look at your debt-to-income ratio, credit score and down payment amount to determine if you are financially ready to take on a mortgage. Your existing debts, […]