When it comes to getting loans for big purchases, just wanting them, or even needing them, isn’t going to be good enough to get them. You also need to know the legal, financial, and contractual obligations that go along with the territory. And that’s where some people approach the situation woefully unprepared.

But to help out with the situation, if you want the results to come in a way that benefits you the most with the least stress and tension, consider tips from the following categories of car loans, home loans, business loans, vacation loans, and the proverbial ‘big idea’ loans. Don’t get caught unaware – study each of these situations in advance of needing to deal with them.

Car Loans

Often times, one of the first major purchases that you make when moving out of adolescence and into adulthood, is buying a car. And chances are very likely that as a teenager, you don’t have a lot of spare money. So, you can either buy a junker and hope for the best, or you can figure out how to get a car loan. The trick is to research companies that will say yes in higher risk situations, without that risk affecting you negatively before you even get a chance to work to improve your credit scores.

Home Loans

Another huge purchase is going to be your house. Depending on where you live and what your job is, you can be aiming to take out a loan in the hundreds of thousands of dollars, and one that you’ll be paying back on for 30 years. Once again, the trick to getting the best loan possible is to try to frame your situation as one where you’ll be paying back the maximum amount possible, in the minimum amount of time.

Business Loans

To get the best business loan possible, your first steps are going to be to create a great business plan. This is something that takes quite a bit of time and skill, but the better you create your initial presentation, the more likely you’ll be to get the amount you really need to get started.

Vacation Loans

A relatively new idea is the concept of a vacation loan. This is a stepchild of the “fund my vacation” concept that has moved around among the crowdsourcing community. Basically, people have to explain why their lives will improve by others paying for their vacations, and the loans are there to help establish that financial bottom line.

“Big Idea” Loans

Most people have a pretty good idea about how kickstarter projects work these days, and that’s another category of getting cash that you can use some tricks for. There are entire sites dedicated to helping you set up a perfect campaign, so that you big idea can turn into reality!