Tag Archive | "loan"
US Department of Housing and Urban Development Releases Latest Version of Shopping For Your Home Loan
HUD Booklet advises real estate buyers to search for an agent who will represent their interests in real estate transaction In its first revision in over 10 years, the US Department of Housing and Urban Development (HUD) advises home buyers that it is their responsibility to search for a real estate agent that will represent their [...]
Continue reading...The Right Way To Budget
Friday, August 21, 2009
Does money pass through your hands easily? Do you find yourself scrimping and living on a few amount of money a week before payday? If the answer is “yes”, do not despair. Help is at hand. To make your budget a success, know where you stand. Get an accurate picture of your existing finance before you [...]
Continue reading...Debts: Wipe Them Out or Simply Manage Them
Thursday, August 20, 2009
When debt gets out of hand, it becomes a major source of stress. But with patience and these strategies, you can be debt-free in no time. * Know how much debt you have. List down all your debts and make a repayment plan. Finish paying the debt with the highest interest rate and so on. A debt [...]
Continue reading...Never Drag Your Forbearance Longer Than Necessary
Wednesday, August 19, 2009
If you find that you are falling behind in student loan payments, you can request forbearance. A forebearance is when your lender agrees to a repayment plan on your mortgage. It usually involves a substantial down-payment and increased monthly payments.This is a temporary solution that is granted for those experiencing financial difficulty. In order to qualify, [...]
Continue reading...Hitting A Financial Aid Brick Wall
Tuesday, August 18, 2009
If you have hit a brick wall during the financing of a student loan, you may be able to recover using the HEA or Higher Education Act’s Section 674.39 on Loan Rehabilitation. The Higher Education Act of 1965 and the 1998 amendments clearly state the required statutes of this Act. To wit: If the borrower of a [...]
Continue reading...Comparing Your Reverse Mortgage Offers
Tuesday, August 18, 2009
If you are considering a reverse mortgage, currently there is only one type of reverse mortgage that is available. It is called the HECM or Home Equity Conversion Mortgage. This mortgage is insured by FHA. You can obtain this type of mortgage from a HUD lender. Since the credit crunch, there are rules and regulations these [...]
Continue reading...National Association of Insurance Commissioners
Friday, August 7, 2009
The NAIC was established in 1871. Located in Kansas City, New York, and Washington, D.C., NAIC addresses the needs of insurers and develops a uniformed system of management relating to these insurance companies. This provides an essential forum through which consumers are both protected and given comprehensive information and tips on their insurance needs. It is [...]
Continue reading...Never Assume You Will Not Qualify For Financial Aid
Thursday, July 30, 2009
For students and their parents, there is always a possibility of qualifying for student financial aid. With a variety of loans and grants offered by the Federal government, private lenders, or the college or university you attend, there will be some form of aid available based on your family’s financial status. Let’s take a look at [...]
Continue reading...Making a Student Loan Budget
Tuesday, July 28, 2009
Just as a household budget is necessary to keep track of expenditures, so too is a student loan budget. In order to fully appreciate and enjoy your college experience, planning a budget ahead of time will alleviate any future stress. Whether you live at home and attend college, or live on campus, a budget can be [...]
Continue reading...Loan Forgiveness Grants
Tuesday, July 28, 2009
Loan forgiveness and/or cancellation of loans are granted by the federal government if you meet certain qualifications. These include if you agree to perform volunteer work, do military service, teach, practise medicine in certain types of communities, or meet other forgiveness program criteria. Examples of volunteer work include serving for one year in AmeriCorps, serving in the [...]
Continue reading...How To Manage Your Taxes
Monday, July 20, 2009
Properly managing your taxes can greatly reduce the amount of money you pay both now and in the future. Here are helpful tips for you. Know when to file your taxes. If you expect a refund, file your taxes as early as you can. If you owe money, file as close to the due date as [...]
Continue reading...Hidden Fees Can Hurt
Friday, July 17, 2009
Unless you are aware of all of the fees a lender can add to the refinancing of your mortgage, it is critical that you ask ahead of time exactly what fees will be incurred before you sign on the dotted line. There are a host of fees that can be added to your mortgage such as [...]
Continue reading...Debt Management Tips
Wednesday, July 15, 2009
One of the most effective ways to avoid any future problems concerning your debts is to learn to manage your finances. Whether we like it or not, in this day and age that doesn’t mean sitting down at the kitchen table on Sunday night trying to balance our checkbook. What it does mean is taking full [...]
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Monday, January 4, 2010
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