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Examples of unsecured loans include credit cards, personal loans, and student loans.
Instead, borrowers sell bonds at a deep discount to their face value, then pay the face value when the bond matures.
If you don't have an established credit history, you may not find the best loan.
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In most loans, compounding occurs monthly.
Our calculator assumes a property tax rate by default, but you can edit this amount in the calculator's advanced options.
In some cases a borrower may want to pay points to lower the effective interest rate.
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