by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Senior Debt?How Does Senior Debt Work?Secured and Unsecured Senior DebtSenior and Subordinated DebtExample of Senior Debt What is Senior Debt?In finance, a debt that takes priority over other debts is a senior debt. This type of debt...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
What is the Federal Funds Rate?The federal funds rate is the interest rate that banks charge each other for overnight loans to meet reserve requirements. Depository institutions can also lend money to banks so that they can meet their reserve balances, the interest...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Freddie Mac?How Does the Federal Home Loan Mortgage Corporation Work?Freddie Mac vs. Fannie Mae What is Freddie Mac?Federal Home Loan Mortgage Corp (FHLMC) is an institution regulated by the Congress government in the year 1970. Its...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Home-Equity Loan?How Does a Home-Equity Loan Work?Tax Considerations for Home-Equity LoansHome-Equity Loans vs. Home-Equity Lines of CreditPros of Home-equity loansCons of Home-equity loansQuestions to Consider When Shopping for a...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Routing Transit Number?How Does the Routing Transit Number Work?Recent News Regarding Routing Transit Number What is the Routing Transit Number?A routing transit number (RTN) is a code used in the United States to identify a bank...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Line of Credit?How Does a Line of Credit Work?Secured and Unsecured Lines of CreditRevolving versus Non-revolving Lines of CreditTypes of lines of creditA personal line of credit Home Equity Line of Credit (HELOC) Securities-Backed...
