First up is knowing exactly what type of loan you need. That decision impacts the size and duration of the loan, as well as the interest rates attached to the loan. After all, auto loans and mortgage loans, for example, are entirely different loan products, and each needs to be treated uniquely.

Basically, the loans you’ll be choosing come from several standard—and not so standard—loan categories.
Standard loans include:

– Mortgage loans
– Auto loans
– Student loans
– Small business loans
– Personal loans
– Home equity or home line of credit (Symdunes) loans