In the US today, President Obama’s office promoted a new online tool to help college students understand a raft of financial information that will likely be of interest to them. The tool advises students on student loans, costs for study and how much they might be able to earn when they graduate. You can find the…
“Dirty” Loans?
The UK’s Financial Conduct Authority has declared that although seen historically as “dirty”, equity release loans are likely to become a “normal” component in the financial planning of the over 55s. In many cases where property is owned (or at least mortgaged), the over 55s can have a significant asset (their home) but be cash poor….
Women’s Start Up Loans
The UK “Start Up Loans” program, a scheme backed by the British Government, appears to be drawing more successful female applicants than other more traditional business start-up loans. According to the UK Office for National Statistics, 37% of all successful applicants for the Government backed scheme are female compared to 18% for other similar loans schemes. Furthermore, in the first…
Chase Jumbo Loans Changes
Chase announced in early August that it was making its jumbo loan product more simple and also lowering the requirements for FICO and downpayment. What this means in real terms today is that buyers with a FICO of 680 or above (previously a minimum of 740) seeking finance to acquire a single-family property can downpayment…
What Is Fair Lending And Why Should You Worry About It?
Lenders are duty bound to provide borrowers with an honest, ethical and lawful policy towards how they service their customers with credit. There have been cases where lenders have shown themselves to be unscrupulous to the detriment of a borrower’s needs. Today’s article discusses the concept of fair lending and provides an introduction to the…
How Do You Find A Payday Lender?
Many people are rightly very wary of payday loans. If you find yourself in a position where you are seriously considering making an application for one what should you be looking for in a payday lender?
Is A Payday Loan Right For You?
People have been talking about payday loans for what seems like an age… at least in the online world. But are they right for you? We examine the pros and cons of these very controversial lending plans here: What Are Payday Loans?
FHA Home Loans? What Are They?
Find out what an FHA house loan is in the latest addition to our loans pages.
FHA Loans
Our latest editorial discusses the benefits/drawbacks of a conventional loan Vs FHA loan schemes. It presents an explanation of both types of loan and the risks and rewards of both.
Qualifying For An FHA Loan
In these times many people considering a loan will be looking at FHA loans. For anyone interested in finding about a bit more about the criteria that needs to be met in order to successfully apply for one, we have produced the following introduction: FHA Loans Qualifications