A sum of money borrowed (principal) usually for a specific reason
(e.g., to obtain an education, buy a car, etc.). The entity lending
the money (e.g. a bank) usually charges interest for use of the
money. The amount of money borrowed is typically repaid with
interest over a period of time.
The Purpose Of Loan Agreement FormsLoan agreement forms are
documents that specify the parties involved, terms of repayment, the
size and length of the loan, and the rate of interest payable.
Using A Loan CalculatorA loan calculator is an invaluable mortgage
tool for anyone in the market for a new home. There are many sites
on the Internet that give consumers real estate advice and mortgage