From personal loans to mortgages, navigating the loan process can be daunting. Stilt clarifies different loan types, terms, and eligibility requirements, helping you make the right choice for your financial situation. Discover how to secure the best rates and terms, and approach borrowing with confidence.
According to the Motorcycle Industry Council, the number of motorcycles in households has boosted to 8.02% in 2018, compared to 6.94% in 2014. But not all of these people might have gotten their motorcycles with their own money, as not everyone has enough cash to afford one. Many have succeeded than…
At a Glance Non-permanent resident aliens can qualify for FHA loans with specific requirements. Requirements include using the loan for their primary residence, having a valid Social Security Number, and possessing a BCIS Employment Authorization Document. Lenders assess the likelihood of residency …
At a Glance Finding immigrant-friendly mortgage lenders requires research to identify those offering better rates and terms. Credit unions and online lenders are viable options, with credit unions being less strict and online lenders providing convenience for immigrants with no credit history. Deter…
At a Glance Amortization is the process of repaying a loan. Fully amortized loans settle both the principal and interest by the end of the term. Partially amortized loans leave a portion unpaid, often requiring a balloon payment. An amortization schedule breaks down payments, affected by compounding…
According to predictive analytics company FICO, 34% of people have “bad credit”. A bad credit score is anything in the poor-fair range or a score between 300-669. If you have a bad credit score, your access to loans will be severely limited–leaving mostly predatory loans with high interest rat…
At a Glance H1B visa holders can secure auto loans in the U.S., although finding a willing lender may be challenging. Options include buying a car with an auto loan, leasing through a lease-to-own program, or renting for short periods. Three types of auto loan lenders for H1B visa holders
At a Glance Green card holders are eligible for both federal and private student loans. To access federal loans, completing the FAFSA online is required, allowing up to $20,500 per academic year in federal funds. Permanent residents can qualify for unsubsidized loans, subsidized loans based on finan…
At a Glance Tuition fees in the U.S. have significantly increased, necessitating careful planning for education costs. Non-U.S. citizens are ineligible for federal financial aid but can consider private student loans with different eligibility criteria. Finding private student loans involves determi…
When someone goes off to college, they hope that they can either get a scholarship or use the college funds that their parents gathered for them. However, in most cases, that is not even an option – particularly if you come from a poor family. In such a case, your
Are you planning your wedding? You probably already know how expensive weddings are nowadays and you’re probably already starting to worry. Or perhaps you are planning your wedding abroad. This makes things even more expensive. How are you going to cover the costs? Without paying the required deposi…