Construction loans work by providing short-term financing for a building project, allowing the construction phase to be completed so the property owner can use the building as collateral for a long-term mortgage. These t... More » Business & Finance Credit & Lending

To get a construction loan, approach a lender with detailed plans of the building, construction schedule and realistic budget, states Bankrate. The lender is also likely to ask for a greater down payment and charge highe... More » Business & Finance Credit & Lending

Interest rates on auto loans are constantly changing, but the interest rate for a 60-month new car loan by Wells Fargo in June 2015 was about 3.1 percent for applicants with excellent credit history, according to WellsFa... More » Business & Finance Credit & Lending

Microlending is a system that offers very small loans to impoverished people, often those without credit history or collateral. The small loans are seen as a way to alleviate poverty by promoting entrepreneurship. The sm... More » Business & Finance Credit & Lending

In California, when a borrower finishes paying off a home loan, the trustee files the deed of reconveyance to record full repayment of the loan, clearing the title to the property, which was held as collateral, and turni... More »

As of 2016, obtaining a collateral loan for a vehicle is done by applying for a direct loan, going through the auto dealership for financing or going through a bank or credit union for a title loan, according to Zacks. T... More » Business & Finance Credit & Lending

A UCC-1 financing statement is a form that should be filed when a party takes a security interest in certain collateral to perfect that interest, explains Nolo. When the interested is perfected, no other party, including... More » Business & Finance Credit & Lending