// archives

Loan

RSS feed for this section
This category contains 11 posts.

How the money gets to Student or School

By Author ⋅ September 10, 2008 ⋅ Post a comment

There are two distribution channels for federal student loans: Federal Direct Student Loans and Federal Family Education Loans.
* Federal Direct Student Loans, also known as Direct Loans or FDLP loans, are funded from public capital originating with the U.S. Treasury. FDLP loans are distributed through a channel that begins with the […]

Federal Student Loan Consolidation

By Author ⋅ September 10, 2008 ⋅ Post a comment

In the United States both the Federal Family Education Loan Program (FFELP) and the Federal Direct Student Loan Program (FDLP) include consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt. This results in reduced monthly repayments and a longer term for the loan. Unlike the […]

Debt Consolidation vs Loans

By Author ⋅ August 29, 2008 ⋅ Post a comment

The multiple options available to consolidate ones debts can be quite confusing, credit counseling programs, debt settlement, debt consolidation loans, bankruptcy are just a few options available today. Trying to find the best option to suit your current financial situation can be a difficult task.
Typically, debt consolidation programs are debt repayment programs. They can consolidate […]

Student Loan Consolidation

By Author ⋅ August 29, 2008 ⋅ Post a comment

USA
In the United States, federal student loans are consolidated somewhat differently, as federal student loans are guaranteed by the U.S. government. In a federal student loan consolidation, existing loans are purchased and closed by a loan consolidation company or by the Department of Education (depending on what type of federal student loan the borrower holds). […]

How to Get a Mortgage in Today’s Market

By Author ⋅ August 28, 2008 ⋅ Post a comment

Whether you’re buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
But before you start looking for your new home, […]

Seven Common Credit Myths Dispelled

By Author ⋅ August 28, 2008 ⋅ Post a comment

With the economy reeling and home loan rates at a nine-month high, lenders are scrutinizing everyone’s credit history like never before. Yet, many Americans don’t realize the impact of late payments on their credit score and their finances.
In fact, mortgage loan delinquency reached a national average high of 3.23 percent for the first three months […]

What is Equity Loan?

By Author ⋅ August 28, 2008 ⋅ Post a comment

An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LTV) or $80,000 in cash in exchange for […]

About Home Equity Loan

By Author ⋅ August 28, 2008 ⋅ Post a comment

A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower’s house, and reduces actual home […]

What Bad Credit Payday Loans Are All About

By Author ⋅ August 28, 2008 ⋅ Post a comment

Payday loans are basically short term loans generally meant for short term purposes. In most cases payday loans fill the time gap between two pay cheques. Bad credit payday loans are the same loans but they are designed to help people who have had bad credit history.
Bad credit history is a name given to people […]

United States Law of Debt Secured by Property

By Author ⋅ August 28, 2008 ⋅ Post a comment

In the case of real estate, the most common form of secured debt is the lien. Liens may either be voluntarily created, as with a mortgage, or involuntarily created, such as a mechanics lien. A mortgage may only be created with the express consent of the title owner, without regard to other facts of the […]

« Previous —