May 25, 2022
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Tag Archives

Does the mortgage overdraft benefit all borrowers?

by on March 20, 2022 0
Mortgage overdraft (OD) is a form of home loan that combines the overdraft facility with a standard home loan. The facility can make servicing a home loan much more convenient for borrowers by allowing them to make unlimited prepayments and giving them access to a larger line of credit in case of an emergency.... Read More

Ministry of Education clarifies rules on revenue-sharing agreements

by on March 4, 2022 0
The Department for Education clarified this week that revenue-sharing agreements in higher education are private loans. As loan providers, the companies providing these agreements are regulated in different ways than before the clarification, and colleges have specific requirements in terms of promoting the agreements. Income Sharing Agreements (or ISAs) provide students with initial financial... Read More

Should you ever get a payday loan?

by on March 1, 2022 0
When you’re low on cash between paychecks or have an unexpected financial emergency, a payday loan can be a tempting option to help you make ends meet or access cash quickly. However, these short-term loans, which are usually due on the day of your next payday, are extremely risky. They come with very high... Read More

Stop NM’s debt cycle, cap high interest loans at 36%

by on January 9, 2022 0
Every day in New Mexico, people find themselves trapped in the cycle of high interest consumer loans – in New Mexico, that means an annual interest rate of up to 175% – unable to escape it. These installment loans and auto title loans are sometimes referred to as “payday loans” because the payments are... Read More

Mortgage Rates Today Go Above 3.6% | December 9, 2021

by on December 9, 2021 0
Mortgage rates are higher for all types of loans today, with a 30-year fixed rate mortgage rate averaging 3.653%. The rate on a 30-year refinance loan rose to 3.824%. Today’s higher rates break a series of two-day declines. However, mortgage interest rates remain historically low and offer borrowers with good to excellent credit the... Read More

Less than 30% of consumers will apply for a credit card in-store this holiday season, the lowest number in 3 years

by on October 4, 2021 0
New LendingTree Report Finds Consumers Prefer Store Cards Over Buy Now, Pay Loans Later CHARLOTTE, North Carolina, October 4, 2021 / PRNewswire / – Interest in in-store credit cards plunged in 2021, according to a new report from LendingTree. However, consumers are still slightly more likely to use store cards to shop while on... Read More

Should investors create their own target date fund?

by on October 2, 2021 0
Self-employed investors, especially younger ones, can save money by recreating their own target-date fund, professor says Target date retirement funds are often found in 401 (k) companies, IRAs, and other investment vehicles. But many investors in such funds wonder if they could not achieve similar or better returns by creating replicas, at no cost.... Read More

How brokers can help today’s single borrower

by on September 22, 2021 0
The average borrower has changed dramatically over the years. Today, more and more borrowers are self-employed, work remotely and have multiple sources of income. For brokers, working with these borrowers can be complicated as they require unique processes. HousingWire recently spoke with Bill Dallas, president of Finance of America Mortgage, to discuss how brokers... Read More

You asked: Can FEMA reimburse me for my accommodation costs?

by on September 18, 2021 0
If you live in one of the 25 parishes designated for FEMA assistance and incurred short-term accommodation expenses due to Hurricane Ida, you may be eligible for reimbursement. Question: Can FEMA reimburse me for my accommodation costs? Reply: FEMA may be able to reimburse accommodation costs that are not covered by insurance benefits, such... Read More

What to do if you can’t pay your loans during the pandemic

by on September 4, 2021 0
As the coronavirus pandemic continues and the economy recovers, some American workers still face financial uncertainty. For those who are struggling to keep up with their debt, there are relief options available from banks, lenders, and the federal government. If you can’t or won’t be able to pay off your loans soon, one of... Read More

AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update | New

by on August 23, 2021 0
NEW YORK, 23 Aug 2021 / PRNewswire / – AllianceBernstein National Municipal Income Fund, Inc. (the “Fund”) today published its monthly portfolio update dated July 31, 2021. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed Income Wallet % 1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 2.47%... Read More

GenX loans exceed expectations in Maine

by on August 3, 2021 0
As the real estate boom continues to intensify in southern Maine, GenX Lending continues to be the go-to bridge lender for real estate developers looking for quick capital for timely, short-term transactions. “It’s crazy right now,” said Mark McClure, managing director of GenX Capital Partners, which is the parent company of GenX Lending. Earlier... Read More

Top construction loan lenders in 2021

by on July 21, 2021 0
Most people cannot afford to design and build their own home or pay for major upgrades out of pocket, which is why many lenders offer construction loans – shorter term loans used to finance. the construction or rehabilitation of a house. Here is Bankrate’s guide to the best construction loan lenders in 2021. Methodology... Read More

Your money: where can you invest your emergency funds?

by on July 18, 2021 0
Invest systematically to get returns without compromising liquidity and without taking excessive risk. By Sneha Joshi We all agree that we need to have savings for emergencies. Life is unpredictable, especially after a pandemic. Some days are not all sunny; therefore, it is crucial to be prepared for the rainy day. Here are five... Read More

Today’s market produces a variety of winners

by on July 11, 2021 0
Real estate, like all free markets, is built on the principle of supply and demand. When there is a demand from oversized buyers and virtually no supply of homes for sale – like right now – things are bound to get a little intense. And that particular intensity turns tons of people into winners.... Read More

Should you take out an interest-only mortgage?

by on June 23, 2021 0
Interest-only mortgages can provide flexibility for homebuyers, but not everyone. (iStock) When looking for a home loan, an interest-only mortgage is one option you might want to consider. This type of mortgage does not require you to make any principal payments up front. Instead, you just pay the interest on the loan. This is... Read More