Federal Student Loans vs Private Student Loans

Comparison: Federal Student Loans vs Private Student Loans

When we discussed student loans, you mentioned federal and private student loans. But what is a Federal Student Loan? Federal student loans are funded by the federal government. They have a fixed rate of interest, and their terms and conditions are set by law. Students with a financial need may even qualify for a subsidized …

Read MoreComparison: Federal Student Loans vs Private Student Loans

Federal Student Loans vs Private Student Loans
What is Foreclosure

What is Foreclosure and How Can You Prevent It?

What is Foreclosure? Foreclosure is a legal process where your home is put up for sale by the lender. It happens when your home is used as a collateral for a mortgage, but you default and aren’t able to pay back. Then the lender can foreclose your home to recoup the remaining loan amount with …

Read MoreWhat is Foreclosure and How Can You Prevent It?

What is Foreclosure
Credit vs Debit Card

Comparison: Credit Cards vs Debit Cards

  My friend told me that his credit card is better than my debit card. But is that true? Is there even a difference? Yes, there are a couple of differences. Well then, what are they? First of all, for credit cards, you borrow the money from the bank. But with debit cards, you use …

Read MoreComparison: Credit Cards vs Debit Cards

Credit vs Debit Card
FHA Loan vs Conventional Mortgage

Comparison: FHA Loan vs Conventional Mortgage

  As we’ve discussed earlier, both Conventional Mortgages and FHA Loans help us buy a home through a loan. We make a down payment, and repay the loan principal, interest, etc through monthly payments. But what are the differences between them? The main difference is in terms of credit score and minimum down payment requirements. …

Read MoreComparison: FHA Loan vs Conventional Mortgage

FHA Loan vs Conventional Mortgage
Home Equity Loan vs Home Equity Line of Credit HELOC

Comparison: Home Equity Loan vs Home Equity Line of Credit HELOC

  We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan and home equity Line of Credit let you borrow against your home equity. Both could give you access to a large amount of …

Read MoreComparison: Home Equity Loan vs Home Equity Line of Credit HELOC

Home Equity Loan vs Home Equity Line of Credit HELOC
Home Equity Loan or Second Mortgage

What is a Home Equity Loan or a Second Mortgage?

  What is a Home Equity Loan? It is a loan where you borrow money using your home equity as collateral. It is also known as a second mortgage. How does a Home Equity Loan work? A home equity loan is like a regular loan, where you get all the loan money upfront. You repay …

Read MoreWhat is a Home Equity Loan or a Second Mortgage?

Home Equity Loan or Second Mortgage

Start Now - It's Completely Free!

No spam guarantee - You can unsubscribe at any time.