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 …

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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 …

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What is Foreclosure
Mortgage Interest Rate - Fixed vs Floating

Comparison: Mortgage Interest Rate – Fixed vs Floating / Adjustable (ARM)

Howdy Wall St. Willy! Earlier you talked to me about a mortgage. But I want to know about the different kinds of interest on a mortgage. Can you tell me about that? Of course, I can. The different types of interest for a mortgage are mainly fixed interest or floating interest. Floating interest is also …

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Mortgage Interest Rate - Fixed vs Floating
What is Bankruptcy or Personal Bankruptcy

What is Bankruptcy or Personal Bankruptcy?

On TV, I heard about Personal Bankruptcy. But what is Bankruptcy anyway? Bankruptcy is a legal process that helps people sort their finances, when they cannot pay off their debts – due to excessive borrowing, a major financial setback like job loss, etc. How does the bankruptcy process work? Personal bankruptcy can be filed under …

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What is Bankruptcy or Personal Bankruptcy
How to Review a Credit Report

How to Review Your Credit Report?

  When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …

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How to Review a Credit Report

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