Payday Loan Cash Advance Loan
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Payday loan - A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500) that is intended to bridge the borrower's cashflow gap between paydays. Payday loans are also sometimes referred to as cash advances, though that term can also ...
Equity loan - An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LTV) or $80,000 in cash in ...
Loan sale - A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan from the bank's balance sheet.
Cash out refinancing - Cash out refinancing is in the case of real property, when a loan is placed by an owner on property already owned, and the loan amount is above and beyond the cost of transaction, payoff of existing liens, and related expenses.
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