What are the qualifications for VA loans?

Answer VA loans are home mortgages backed by the Department of Veterans' Affairs. The backing makes lenders more willing to extend favorable credit terms and accept lower down payments.Time FrameThere are... Read More »

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What is the difference between FHA loans& rural housing loans?

An FHA, or Federal Housing Administration, loan is a type of government-backed loan designed to help low income buyers secure financing. A USDA, or United States Department of Agriculture, loan is ... Read More »

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

What percent of loans are FHA loans?

In comparison to conventional and VA loans, government-insured FHA loans increased and exceeded their competitors for the home mortgage market. As of fall in 2008, 26 percent of all loans issued we... Read More »

How do student loans work, and what are my options for applying for graduate student loans?

To get a student loan, your first step is to fill out the Free Application for Federal Student Aid (FAFSA). You should submit your FAFSA as soon as possible – you can make estimates and correct t... Read More »