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What is a "loan"?

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  • Videojug
  • 8:55
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  • 360p
  • 640x360
  • Flash
  • h.264
  • 900kbps

What is a "loan"?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: Where can I get a loan?; Are credit union loan rates always lower than bank loan rates?; How can I borrow money to buy a car? and more...

A loan is a transaction where an individual borrows money from another individual and promised to repay it, usually with interest.

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