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Whether you are seeking student loans, home loans, auto loans, debt consolidation loans or other loan information, Bills.com has the loan resources you need to get a low rate, a low payment and the best loan deal for you!
Qualifying for a home loan, car loan, student loan, or any other kind of loan can be a confusing process. Our articles, FAQs and guides will help you better understand the loan process, repayment terms, and find solutions to loan problems. With the Bills.com Loans Savings Center, you can search for loans from our family of lenders, and then compare terms and interest rates.
With those figures, you can calculate the total cost of each loan or the savings you will receive on your current loan by refinancing. Our financial experts provide regularly updated advice for all kinds of loans. Bills.com is your one-stop resource for loans and loan information.
Bill's Expert Advice
Loan Success Stories
Read a personal story about getting a loan and gain a better understanding of what is involved.
Loans success story
Questions About Loans
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Should I apply for preapproval for a loan?
Being preapproved for a loan can help in the long run if you are looking for a home. When you apply for preapproval, the lender will review your credit history and financial situation. They will then decide how much money they can lend you and what your interest rate will be. The lender then gives you written commitment to give you a loan if the house you have chosen meets their requirements. Be sure that you prequalify before you make an offer on a home. -
If I have bankruptcy in my past, can I apply for a loan?
You can apply for a loan if you have maintained a good credit history for a couple years since you filed for bankruptcy. Lenders will be more likely to take the risk again if they see that you have managed your money responsibly. After 7-10 years, bankruptcies are removed from your credit report, making it far easier to qualify for loans. -
Can I apply again for a loan if I have been rejected before?
You should correct the problem that caused you to be rejected before you apply for another loan. Cleaning up your credit report, paying down debt, boosting your income, and/or cutting your other expenses before you apply again can help, depending on your situation.
Loan Calculators
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Glossary of Loan Terms
Amortization: to pay off a loan and the accrued interest by making regular payments over time. In this process, the monthly payment is always the same, even thought the interest continues to accrue. Depending on how the interest is calculated, different portions of each payment are applied toward the principal and the interest.
Annual Percentage Rate (APR): the APR is the sum of the fees, interest, and other charges during the course of a year and comprises the total cost of the loan. The APR is higher than the interest rate because it includes fees and other costs. When shopping for your mortgage or home loan, you should make your comparisons based on APR, instead of the just the interest rate, because it will help you determine your actual annual cost.
Equity: the current value of a home minus what is owed on the property. You can use your equity to borrow against, as it serves as collateral for many different types of loans.
Prime: the lowest interest rate that banks give to their best customers for short-term loans. Most of the time they are calculated as the Federal Funds Rate plus 3 percent. The prime rate is usually the basis for mortgages, cars, credit cards, and most other loans. You will see interests rates described as "prime plus x%." Private student loans more often than not use this standard, but federally funded student loans do not.
Student Loan: student loans are usually guaranteed by federally chartered and backed organizations, Sallie Mae being the largest of these. Most student loans are used to pay for educational expenses. Also called Stafford Loans, these loans can be consolidated once.
Title Loan: A title loan uses the title to a boat, car, or other property to secure the loan. The lender uses the property as collateral in case of default. The lender can then sell the property in order to recoup the money from the loan.
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Browse through our different financial categories and find the answer to the specific question you have.
Average Mortgage Rates
| program | apr |
|---|---|
| 30 Yr Fixed | 5.25% |
| 15 Yr Fixed | 4.68% |
| 30 Yr Fixed Jumbo | 6.27% |
| 15 Yr Fixed Jumbo | 5.85% |
| 3/1 ARM | 4.88% |
| 5/1 ARM | 4.27% |
| 7/1 ARM | 4.8% |
| 10/1 ARM | 4.72% |
| 3/1 ARM (I/O) | 5.3% |
| 5/1 ARM (I/O) | 4.27% |
| 7/1 ARM (I/O) | 4.57% |
Loan Articles and Advice
What You Need to Know About Your FICO Score
Your FICO score is used by creditors to determine whether you are a high or low risk for a loan. If you have never bought a house before, you probably do not know much about FICO. Learn more about what your FICO score is and what it means when applying for a mortgage.
Your FICO score
Your Loan and You
If you have never gotten a loan before, read on to learn about what to expect and what factors will affect you and your lender.
You and your loan
Introduction to Student Loans: Student Loan 101
Not everyone can pay for school up front. Finding and applying for a student loan is not difficult if you know the ropes. Student Loan 101 will give you the information you need to start looking for a good student loan.
Student loan 101
Loan-to-Value (LTV) Ratio Explanation
Unless you are a mortgage broker, you probably do not know or understand all the terminology for the business. Before you secure your mortgage, learn more about the terms and expressions your lender will use.
Your loan-to-value
Finding the Right Car Loan
If you need a loan to cover the cost of your new car, you will want to find the most appropriate loan for your financial situation. Learn how to find the best car loan for you.
Suitable car loan
Find a Hardship Loan
You have options if you need an unsecured hardship loan. Bills.com found a half-dozen resources for people who need a hardship loan.
Hardship Loan
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