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“`html How Do Car Loans Work? A car loan is a secured installment loan used to purchase a vehicle, which serves as collateral. You’ll make equal monthly payments over the loan term, which can range from 12 to 84 months.…
“`html What Is a Deed In Lieu of Foreclosure? A deed in lieu of foreclosure, often called a “deed in lieu,” is an agreement where a homeowner who cannot keep up with mortgage payments voluntarily transfers their property to the…
“`html Can You Get Preapproved for a Car Loan? Car dealers often simplify the financing process by arranging it for you. However, to maximize your savings and gain more leverage at the dealership, it’s wise to get preapproved for a…
“`html What Happens to Your Home Equity in Foreclosure? During foreclosure, your home is sold to pay off your outstanding mortgage balance. If the sale nets more than your outstanding mortgage balance, your lender can’t keep the excess funds. In…
