If you are a homeowner, your biggest monthly expense is most likely your mortgage. By examining the terms of your loan and by working with your lender, there is potential to save and expand your monthly budget. You can lower your monthly mortgage in a variety of ways, including restructuring your loan’s interest rate and removing your home’s monthly private mortgage insurance. To save
Expert Reviewed When a student in the U.S. applies for college financial aid, the student and his or her parents should know how to compare subsidized and unsubsidized student loans in order to make an informed decision on what sort of financial aid to select. The biggest difference between the two is how much you are allowed to borrow each year, but there are other factors, too, that
A mortgage modification is a foreclosure prevention option that is used when your lender agrees to modify your existing mortgage by extending your loan term, reducing your interest rate and sometimes reducing your principal balance. The purpose is to lower your monthly mortgage payment so it is more affordable for you to keep your home.
The Federal Housing Administration (FHA) offers special loans to help both low- and moderate-income families purchase housing. All FHA loans are federally backed and all FHA lenders have been approved by the federal government to service the loans. When compared to other types of mortgages, an FHA loan is especially affordable and easy to qualify for, making them a great choice for
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