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 help.