If you’re considering using an adjustable-rate mortgage (ARM) loan to purchase a home, you should be aware of the various rate caps that can be applied to these mortgage products. ARM loan rate caps, as their names suggest, can control how much your interest increases over time. And before you sign on the dotted line, … Read more
You’ve spent countless hours reading reviews and comparing prices. You’re now prepared to start the process of purchasing the truck of your dreams. Before applying for an auto loan, there is just one more thing you must do: get pre-qualified. This guide is for you if you’re unsure of the difference between pre-qualifications and pre-approvals, … Read more
The act of taking out a new auto loan to settle an existing auto loan, frequently through different financial institutions, is referred to as “refinancing” an auto loan. The difference is that this new auto loan will have a significantly lower interest rate than the previous one, which can actually result in long-term cost savings … Read more
Find out what a 10-day payoff is in the following paragraphs, as well as why it’s crucial. You need to understand what a 10-day payoff is if you are refinancing your student loans. See, after your refinance loan application is approved, some time elapses before your old loans are paid off by your new lender. … Read more
Businesses may use a particular kind of loan called a debt-service coverage ratio (DSCR) loan to pay for the acquisition of multifamily and commercial real estate. DSCR loans are special because they are calculated based on how much cash flow a company generates each month in comparison to how much debt service the company must … Read more
Richard Cordray, the FSA’s chief operating officer, in Columbus, Ohio on May 8, 2018. (Photo . [+] by Kirk Irwin/Getty s)Getty s. One of the top federal student loan servicers for the Department of Education will continue to operate for another year. Here’s what it means for student loan borrowers. FedLoan is expected to end … Read more
Log in to view your account information. Have questions? Give us a call. We’re open M-F 7 a. m. – 8 p. m. , Central. Phone: 888. 538. 7378. We are an investment-grade rated servicer and a division of Nelnet that offers cutting-edge and adaptable technology outsourcing, origination, and loan servicing solutions to clients with … Read more
If you’ve seen that Navient, one of the largest education loan management companies in the nation, will cancel $1, then don’t get too excited. 7 billion in student loan debt. Although the loan servicer’s forgiveness will benefit 66,000 borrowers of student loans in the U S. , it only represents a tiny portion of the … Read more
The outstanding balances on Sallie Mae’s private student loans are rarely forgiven. However, if Sallie Mae transferred your loans to Navient, you may be eligible for the student loan forgiveness programs that the U S. Department of Education offers. Visit the Federal Student Aid website, studentaid, to find out what kind of loans you have … Read more
While the pandemic hasn’t caused private student loan payments to stop, many lenders are providing alternative options, like temporary deferment or altered payment plans. We want to provide you with the knowledge and assurance you need to make your finances better. All opinions are our own, despite the fact that we receive payment from our … Read more