Examples of Individual Loan Program Types Adjustable Rate Mortgage Automobile Loans Boat Loans Consolidation Loan Credit Repair Loan Divorce Settlement Load Education Loans Fixed Rate Loan Home Improvement Loan Investment/Rental Loan Personal Loans Adjustable Rate Mortgage (ARM) - a loan that allows the lender to adjust the interest rate so it reflects fluctuations in the cost of money more accurately. Automobile Loans - fully amortized loan where equal payments are spread out for a specified amount of time, usually 3-5 years. Boat Loans - similar to automobile loans. Consolidation Loan - used to consolidate some or all-existing debts into one loan. This is an effective tool to reduce monthly payments and improve cash flow. Credit Repair Loan - specialty loan used to improve your credit and monthly cash flow. Divorce Settlement Loan - allows you to settle financial obligations with the party you are divorcing. Education Loans - loans for full and part-time undergraduate and graduate work. Fixed Rate Loan - fully amortized loan where equal payments are spread out over a long period of time. Home Improvement Loan - can be a 1st or 2nd mortgage. The loan assists you in doing any type of repairs to your home. Investment/Rental Loan - This loan is used to purchase a house that will be rented out to another party on a regular basis. Personal Loans - short-term loan to help with personal expenses or major purchases. * The terms listed above are examples, and may not be indicative of all loan programs available.