The new federal student loan forgiveness program has piqued the interest of borrowers who thought they didn’t qualify for such programs. Whether you’re a recent graduate or have been repaying your loan for years, you should understand what loan forgiveness is, how it affects public and private student loans, and who might qualify.
Are you planning on buying a larger home or downsizing this year? Before you start your search, take the time to understand the mortgage landscape. Getting the right loan can be as important as the home itself. The last thing you want to do is pay unnecessary fees or take on loan terms that might hurt your finances.
Home values hit new heights in 2021. In October, the CoreLogic Home Price Index1 recorded the highest increase in its 45-year history of tracking annual home price growth in the U.S. This sharp uptick in market values gives homeowners an opportunity to access a sizeable amount of equity now, instead of waiting years to pay down mortgage principal balances.
Do you have home makeover ideas but worry about having the funds to cover your wish list? When determining the projects to tackle or forego, keep in mind that some enhancements can increase your home’s value, while others may not. Some home improvements may be worth the cost, even if you don’t recoup all the money you’ve invested in them. But if you plan on moving within a few years, you’ll want to proceed with caution before taking on a project that may cost you in the long run.
Here are some facts to help guide your decisions.
It’s easy to accumulate debt without realizing it. If you’re paying high interest rates on your credit cards or loans, consider these options to pay off your debt faster.
Once the kids grow up and move out, you may be considering downsizing. Here are some upsides to making the move.
There’s plenty of reasons to think about upsizing: perhaps another child is on the way, you landed a job in another city or maybe you need a home office for your business.
After the financial meltdown, lending guidelines tightened, paving the way for peer-to-peer (P2P) lending—a new product that offers consumers personal loans at competitive interest rates.
One primary difference between P2P lending and traditional loans is the lenders; P2P loans are backed by a pool of everyday investors—or peers—instead of financial institutions. The lending companies act as the middlemen between the investors and the borrowers.
Loans help finance some of our biggest goals in life. They can provide access to possibilities that we can’t afford upfront—possibilities like going to school, buying a home or starting a business (to name just a few). Learn more in this video.
