How does annual vs monthly vs daily interest affect my loan?
Lenders will usually advertise an annual interest rate, but not all charge their interest annually. Some will calculate the interest monthly and others will calculate it daily.
Why does my loan have an arrangement fee?
We are used to lenders charging interest, but some lenders also charge an arrangement fee. In this blog we will explain why lenders use arrangement fees, how they work, and how to compare loans with and without them.
What are the different types of loans?
Secured, lines of credit, unsecured, guaranteed… there are a whole host of words that are used to describe loans. In this blog we will explain the most common types of loans.
Understanding credit scores
Your credit score is a prediction of your ability to repay future loans and credit. It is based on your history of borrowing and bill payments. If you have a good credit score, your past is informing the lender that you are probably able to make repayments on the loan.
Why do loans vary in APR?
Why is it that the rate can vary so greatly? In this blog we will see all the things that can affect a loans’ APR.
Difference between interest only and capital repayment loan
In this blog we explain the difference between interest only and capital repayment mortgages, explain how they work, and tell you the main reasons for having one or the other.
Why not all collateral is equal
Collateral is the term used to describe an item that you are using for security on a secured loan. With a mortgage, the house you are buying is the collateral.
What is negative equity?
When you take out a secured loan, you put up an item of value (called the collateral) against the loan.
How do loan repayments work?
When you take out a loan, you know that you need to repaythe money you borrowed with some interest, but how does it work and what doesit mean? In this blog we will go through an example and answer the questions.
Why loan to value ratio’s matter
When looking at secured loans you will often see reference to the Loan to Value ratio;often referred to as the LTV. In this blog we will look at how the LTV iscalculated, what it means and why it matters.
