Low Interest Loans – Win Win Lose http://winwinlose.net/ Fri, 14 Jan 2022 14:38:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://winwinlose.net/wp-content/uploads/2021/06/icon-9.png Low Interest Loans – Win Win Lose http://winwinlose.net/ 32 32 Now it’s time to build your credit https://winwinlose.net/now-its-time-to-build-your-credit/ Fri, 14 Jan 2022 14:38:50 +0000 https://winwinlose.net/now-its-time-to-build-your-credit/ Jan 14, 2022 2:38 p.mUpdated 9 million ago Through: Associated Press Sooner than you might think, your credit score will matter. A solid credit score can make the difference between qualifying for a home or low-interest car loan or missing out. So, in order to have credit ready when you need it, now is the […]]]>

Sooner than you might think, your credit score will matter.

A solid credit score can make the difference between qualifying for a home or low-interest car loan or missing out. So, in order to have credit ready when you need it, now is the time to start building a good and long credit history.

There’s more than one way to build credit, and it could be as simple as reporting your ongoing bill payments to the major credit bureaus. But remember: building credit requires care, especially since missing payments can hurt your score for years to come.

WHAT IS CREDIT AND WHY IS IT IMPORTANT?

Your credit score is a number, usually between 300 and 850, calculated based on how well you have been able to pay off previous debts, such as credit card bills. Lenders use your credit score to predict how likely you are to repay debt.

Your credit history helps determine the loans you can obtain, the interest you will be charged, the credit cards you may qualify for, and the properties you may rent. An employer can even check your credit history. Good credit can save you money later, primarily through lower interest rates when you take out a loan.

If you’re starting out with no credit history, you’re not alone. In the US, according to the Consumer Financial Protection Bureau, nearly 40% of people between the ages of 20 and 24 have little to no credit history to make a rating. Unfortunately, this also applies to about 20% of the population.

Building your credit may seem overwhelming if you’ve never thought about it, but there are many strategies you can employ even if you’re just starting out. Start by establishing good habits when dealing with debt, e.g. For example, don’t take on more debt than you can afford, says Brittany Mollica, a board-certified financial planner based in Chapel Hill, North Carolina. Missing payments hurts your score and can become a liability if you need to borrow money in the future.

“It’s really important to get into good habits of always paying your bills,” says Mollica. “You don’t want to have to climb out of a hole full of credit card debt that you’ve accumulated, especially if you start early.”

CREDIT CARDS –– AND ALTERNATIVE CARDS

Credit cards can be a great tool for building credit, but they can also hurt your score if you end up in more debt than you can handle.

If a parent or other trusted person in your life has a high credit limit and has a history of making payments on time, you could become an authorized user of their account and benefit from their good credit history. It’s one of the easiest ways to extend your credit history, says Blaine Thiederman, a certified financial planner in Arvada, Colorado.

Becoming an authorized user also affects your credit utilization rate, or the amount of money you owe lenders divided by the total credit available to you, which can benefit your credit score.

If you have your own income, you can apply for a credit card at the age of 18; Otherwise you have to wait until you are 21 years old. A secured credit card is usually the best credit card to start with. A cash deposit supports these cards, and since the credit card company can collect this deposit if you miss payments, those with short or bad credit histories can qualify.

The deposit you have to pay for a secured credit card could be a liability, and if that’s the case, an alternative card might be better for you. These cards use income and bank account information to determine your credit score, not your credit score.

MONTHLY BILLS

If you live independently, payments for rent, utilities, and phone bills can be reported to credit bureaus. So paying those bills can build your credit if they’re on time and you’ve reported them.

Unlike credit card payments, these payments aren’t automatically reported and may require a third-party service like Experian Boost or UltraFICO to alert the credit bureaus to your payments.

Keep in mind that these services sometimes require a fee, and reporting your bill payments doesn’t always affect your credit score. Instead, they may only appear on your credit report.

LOAN

Regular payments on loans can also help you build your credit. And even if you don’t have a credit history, some credit is available.

Credit builder loans rely on income rather than credit for approval. If you’re approved, the loan sits in a bank account and becomes available once you’ve repaid it. Your monthly payments are reported to the major credit bureaus.

Student loans are another loan you can use to build your credit if you are just starting out. Government student loans do not require credit to qualify, while most private student loans do. Paying off your loans will help you grow your credit history, and you can start doing it while you’re still in school by making only interest payments.

__________________________

This column was provided to The Associated Press by personal finance website NerdWallet. Colin Beresford is a writer at NerdWallet. Email: cberesford@nerdwallet.com. Twitter: @Colin_beresford.

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Brooklyn Chamber Names Caserta Director of Restoration and Raises $ 1.3 million federal grant https://winwinlose.net/brooklyn-chamber-names-caserta-director-of-restoration-and-raises-1-3-million-federal-grant/ Wed, 12 Jan 2022 18:40:38 +0000 https://winwinlose.net/brooklyn-chamber-names-caserta-director-of-restoration-and-raises-1-3-million-federal-grant/ From brooklyneagle.com With Brooklyn’s 62,000 small businesses and entrepreneurs amid skyrocketing Omicron cases, ongoing labor shortages, rental debt crises, and skyrocketing inflation, the Brooklyn Chamber of Commerce has announced the appointment of a new executive director and $ 1.3 million in new federal funding from the organization to help small businesses affected by the pandemic. […]]]>

From brooklyneagle.com

With Brooklyn’s 62,000 small businesses and entrepreneurs amid skyrocketing Omicron cases, ongoing labor shortages, rental debt crises, and skyrocketing inflation, the Brooklyn Chamber of Commerce has announced the appointment of a new executive director and $ 1.3 million in new federal funding from the organization to help small businesses affected by the pandemic.

The Chamber has announced Mark Caserta as its new Executive Director of Business Recovery.

Caserta, a Brooklyn resident with more than 25 years of small business advocacy and public policy experience, recently ran the Park Slope 5th Avenue Business Improvement District for nearly a decade and played a key role in pandemic recovery efforts for 1,100+ local dealers and retailers and rental companies along the popular Fifth Avenue commercial corridor.

Caserta’s appointment was in conjunction with a US Economic Development Administration (EDA) grant of 1.3 million over the past 22 months.

The grant, which was supplemented with $ 337,710 in local funds, is set to help businesses create nearly 1,000 new jobs and maintain 2,000 existing jobs across the district.

Mark Caserta outside the Fifth Avenue Park Slope BID office. Facebook photo

Since the pandemic began, the Chamber has provided lifeline assistance to thousands of Brooklyn small businesses (many are MWBEs and immigrant owned) that kept them afloat during troubled times, including $ 450,000 in recovery loans through the Bring Back Brooklyn Fund, more over $ 85,000 in soft loans raised through the organization’s private partners and $ 400,000 in PSA distributions.

“After the thousands of hours my team and I have walked miles and miles down Brooklyn’s business corridors since the COVID pandemic began, we knew we needed to expand our scope for a quick recovery that leaves no business behind,” said Randy Peers, president and Brooklyn Chamber of Commerce CEO.

“The Brooklyn small business community is resilient and resilient, and thanks to the $ 1.3 million government grant and Mark Caserta’s ability to drive small business growth, we can give more small businesses the resources, programs, tools and provide direct support that they need to survive and continue to create jobs and opportunities in our communities, ”he added.

“It is an honor to join a team that has worked tirelessly every day to empower their neighbors’ small businesses, protect their community, and develop their services to fully meet Brooklyn’s economic needs in dire straits,” said Caserta. “I am committed to promoting economic development in my home district, where I raise my family and where I began my career as a small business owner and public order advocate.”

“Mark Caserta and his team worked to make Park Slope Fifth Avenue BID one of the most innovative, connected small businesses in New York City. We look forward to continuing to work with Mark in his new role at the Chamber, where his expertise will benefit small businesses across the district, “said Kim Maier, Park Slope Fifth Avenue BID board member and executive director of Old Stone House & Washington Park .

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This is how much a $ 100,000 mortgage will cost you https://winwinlose.net/this-is-how-much-a-100000-mortgage-will-cost-you/ Mon, 10 Jan 2022 20:44:24 +0000 https://winwinlose.net/this-is-how-much-a-100000-mortgage-will-cost-you/ Our goal here at Credible Operations, Inc., NMLS Number 1681276, hereinafter referred to as “credible”, is to give you the tools and confidence you need to improve your finances. Although we promote products from our partner lenders who reward us for our services, all opinions are our own. If you’re wondering what a $ 100,000 […]]]>

Our goal here at Credible Operations, Inc., NMLS Number 1681276, hereinafter referred to as “credible”, is to give you the tools and confidence you need to improve your finances. Although we promote products from our partner lenders who reward us for our services, all opinions are our own.

If you’re wondering what a $ 100,000 mortgage payment will be, read this introduction to find the answers to your questions. (iStock)

Household charges are often the biggest expense in your monthly budget. And the amount you pay for your mortgage can vary widely and depends on several factors, including short and long term expenses.

First, there are up-front costs, such as your down payment and closing costs, including title insurance, attorney fees, appraisals, and taxes. You also have expenses that span the life of the loan, such as your monthly payments, interest, and escrow fees.

Before you sign on the dashed line, be sure to check the Costs related to your mortgage.

Credible can help you see how much house can you afford, and help you compare rates from multiple lenders.

Monthly payments on a $ 100,000 mortgage

Many factors will affect your monthly mortgage payment, including the interest rate, the repayment period, the property tax, and whether you are Take out personal mortgage insurance (PMI).

Your monthly mortgage payment is usually made up as follows:

  • Rector – The principal is the amount of money that you borrow when you take out your home loan. At the beginning of your repayment period, only a small part of your payment goes to the principal. Over time, the principal portion of your payment will gradually increase while the interest portion will decrease.
  • Interest – Interest is what the lender charges you to borrow money, and it represents the majority of your mortgage payment at the start of the loan. The more you pay on the principal over time, the less interest you owe on that Loan.
  • Crooked – Your lender may deposit a portion of your mortgage payment into an escrow account to pay your estimated property taxes, as well as homeowner premiums and mortgage insurance.

The graphic below is an example of what the monthly mortgage payment for a $ 100,000 loan might look like, but without considering PMI, taxes, or other escrow costs.

Do i need a deposit?

A down payment directly affects your monthly mortgage payment. Simply put, a larger deposit amount usually results in lower monthly payments. Because your down payment reduces the balance on your loan, your monthly mortgage payments should be less.

Unless you are on a government-sponsored loan, your lender will likely require you to pay a down payment on a mortgage loan. Many lenders require a Down payment of 20% the cost of the home you want to buy, but not always. Ultimately, the size of the down payment will depend on the type of mortgage you are applying for.

Here is a breakdown of the down payment requirements for different types of mortgage loan:

USDA loan

USDA loans are one of two loans (the other is VA loans) that do not require a down payment. If your wealth exceeds the USDA limits, you may need to use some of your wealth on the loan. While you don’t need a down payment, you will need to raise the funds to pay the closing costs.

to qualify for a USDA loan, you need to find a home in a suitable area, usually rural areas with fewer than 35,000 residents.

FHA loan

Federal Housing Administration (FHA) loans require down payments of only 3.5%, although you will have to pay a mortgage insurance premium. FHA loans also allow for lower credit scores, making them a helpful option for borrowers with limited savings and lower credit scores.

The FHA does not offer these loans directly. Rather, the agency insures the loans made by FHA approved lenders.

Conventional loan

The minimum down payment for a conventional loan is 3%, although most lenders offer conventional loans with down payments between 5% and 15%. However, if your down payment is less than 20%, your lender might require that you pay for personal mortgage insurance as part of your monthly payment. With a traditional loan, once you have 20% equity in your home, the PMI can be eliminated.

VA loan

A VA loan is a type of mortgage secured by the United States Department of Veterans Affairs. Current service members, eligible veterans, and surviving spouses can apply for a mortgage with no down payment or PMI fees, as long as the price of the home does not exceed the appraised value. With a VA loan, you may have to pay a one-time sponsorship fee.

With Credible you can a Pre-approval letter and see prices from multiple lenders.

Where can I get a $ 100,000 mortgage?

A local bank or credit union can offer a more personal experience, especially if you have an existing account with them. But online lenders can offer a convenient process that you can complete online without leaving your home.

It is always a good idea to check out various lenders and request quotes in order to get the lowest rates available. You can pre-qualify for loan offers by providing several lenders with some basic information so they can do a gentle check of your credit and check your creditworthiness. Once you get quotes, you can compare the loan amount, interest rates, loan terms, fees, and other variables from multiple lenders to find the lowest interest rate and cheapest option for you.

Credible simplifies this process by allowing you to compare all partner lenders side by side and get pre-qualified rates within minutes.

How to get a $ 100,000 mortgage

Getting a $ 100,000 mortgage may seem like a daunting task, but it’s actually quite simple. If you follow the steps below, you may be able to qualify for a mortgage this will help you when buying your dream home:

  • Determine How Much House You Can Afford. Review your monthly budget, including your income and expenses. You should include your down payment in your calculations and don’t forget the cost of regular maintenance and repairs to your home, which can range from 1% to 4% of the value of your home per year. ONE Mortgage calculator can be a helpful tool in determining what your monthly payments could be.
  • Check your credit report. Your credit report has a huge impact on your eligibility for a mortgage and the interest rate offered. This is why it is so important to identify any negative points on your report and fix them in advance. Look for mistakes and dispute them with the credit bureaus so they can be eliminated before applying for a loan.
  • Get a pre-approval letter. Pre-approval letters let home sellers know you are a serious buyer and instill confidence in your offer to buy a home. The letter will also tell you what loan amount you might qualify for.
  • Shop around and compare APRs. When you apply for pre-approval, lenders usually send you a loan estimate detailing the costs and fees included in the loan. With multiple loan estimates in hand, you can compare quotes to find out which is the best option for you. Note that the annual percentage rate (APR) is different from the interest rate because it covers other expenses such as the creation fee, valuation fee, and mortgage insurance.
  • Submit a full mortgage application. Once a seller accepts your offer to buy, the next step is to Choose a mortgage lender and fill out a formal mortgage application. Be ready to submit supporting financial documents such as pay slips, W-2s, and bank and investment accounts. When you submit your application, the lender will review your financial details to see if you can financially repay the loan you want.
  • Get ready for the closure. When the lender approves your home loan, they will give you a closing date. When you close, you’ll need to file a cashier’s check or wire transfer to cover the down payment and closing costs. And since most mortgage providers require home insurance, you should get it before the closing date.
  • Get the keys. On graduation day, you attend a graduation appointment, which usually takes place with the property company that legally secures your legal ownership of your home. You sign the sales package and submit your payment for the closing costs. When the money is free you will be given the keys to your new house.

What to Consider Before Applying for a $ 100,000 Mortgage

Whether you are applying for a $ 100,000 mortgage or some other amount, it is important that you understand the full cost of the loan to make sure it is in line with your budget, current financial situation, and financial goals.

To get a clearer picture of how the loan could affect your short and long-term financial future, you should know how much you will be paying for the down payment and closing costs, monthly mortgage payment, and the total interest on the loan.

Remember that the amount of interest you pay depends on your interest rate – among other factors. The higher the interest rate, the more interest you pay.

For example, a $ 100,000 loan with an interest rate of 3% has a total of $ 51,777 on a 30 year fixed rate loan, while a similar loan with a 4% interest rate has a total of $ 71,870 US dollars in interest expense.

The term of your mortgage loan also plays a role in the amount of interest payable. In the previous calculation, a 30 year mortgage loan would cost over $ 100,000 with a 3% interest rate for $ 51,777 in interest. However, if you cut the mortgage term in half with a 15 year loan, the total interest amount drops to $ 24,305.

Credible can help you see how much house can you afford, and help you compare rates from multiple lenders.

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Home loans are still very hot https://winwinlose.net/home-loans-are-still-very-hot/ Fri, 07 Jan 2022 07:59:25 +0000 https://winwinlose.net/home-loans-are-still-very-hot/ LOS ANGELES – Fierce competition, low mortgage rates and soaring prices that helped lift mortgage lending to record highs last year are expected to keep lending growing even further this year, experts say. According to the Mortgage Bankers Association, banks lent an estimated $ 1.61 trillion on home purchases last year, up about 9% from […]]]>

LOS ANGELES – Fierce competition, low mortgage rates and soaring prices that helped lift mortgage lending to record highs last year are expected to keep lending growing even further this year, experts say.

According to the Mortgage Bankers Association, banks lent an estimated $ 1.61 trillion on home purchases last year, up about 9% from 2020. That beats the $ 1.51 trillion loaned out at the height of the housing bubble in 2005, its highest level since 1990.

Lenders issued 4.74 million loans to borrowers who bought homes last year, up from 4.92 million in 2020, according to the association. Even so, the dollar value of loans available for purchase rose last year as home prices skyrocketed , often because homebuyers agreed to pay well above the seller’s purchase price in order to outbid competing bids.

“Strong demand for housing, sustained increase in demand for housing, limited supply, rising prices – this has led to this record level of purchases in the past year,” said Mike Fratantoni, chief economist of the association.

The housing market has strengthened during the pandemic as many Americans have moved to working from home, making additional housing a major issue. Steady job growth, an all-time high stock market, rising rents, and the expectation of higher mortgage rates have also spurred homebuyers, although skyrocketing prices and historically low homes for sale have shut many others out.

Average US house prices in October were nearly 20% higher than a year earlier, according to the latest S&P CoreLogic Case-Shiller House Price Index.

The housing market is expected to continue booming this year, which is why the association predicts that the dollar value of home loans available for purchase will soar to a new high of $ 1.74 trillion.

While the inventory for sale may be a little better than it was in 2021 as home builders are building more homes, it still won’t be enough to give buyers the upper hand, Fratantoni said.

“2022 will still be a seller’s market,” he said. “There is more demand than supply, so we are very confident that prices will continue to rise.”

LESS PURCHASING POWER

In the meantime, this year homebuyers are likely to have less purchasing power to cope with soaring house prices.

The exceptionally low mortgage rates, which helped fuel demand in the housing market, are expected to rise further in 2022 as the US Federal Reserve expires its monthly bond purchases since the early days of the pandemic. The central bank has already signaled that it will probably start raising interest rates this spring in order to contain the steep rise in inflation.

The average interest rate on the 30-year fixed-rate mortgage remained around 3% in 2021. The association’s forecast is that this average rate will rise to 4% this year.

That is close to the forecasts of other housing economists. The national association of real estate agents predicts that the average rate will rise to 3.7% by the end of this year. Greg McBride, senior financial analyst at Bankrate, predicts interest rates will peak at 4% but will end the year at 3.5%.

“It’s going to be a little roller coaster ride,” said McBride. “The higher interest rates that we expect in 2022 will not take the wind out of the real estate market, but will change the refinancing equation significantly.”

According to the Mortgage Bankers Association, homeowners raised around $ 2.32 trillion to refinance their mortgages in 2021, down about 12% from 2020 when refinancing hit a record high. Taken together, mortgage refinances amounted to nearly $ 5 trillion in 2021 and 2020.

The association predicts that mortgage refinancing will fall to $ 870 billion this year, its lowest level since $ 467 billion in 2018.

CURRENT MORTGAGE PRICES

According to the latest data released by Freddie Mac on Thursday, the 30-year average fixed interest rate rose to 3.22% this week. It was 3.11% a week ago and a record low of 2.65% a year ago. This is the highest value of the fixed 30-year average since May 2020.

Freddie Mac, the state-approved mortgage investor, aggregates the interest rates of around 80 lenders across the country to produce weekly national averages.

The 15-year fixed interest rate rose to 2.43% with an average of 0.6 points. A week ago it was 2.33% and a year ago it was 2.16%. The five-year average of the variable interest rate remained constant at 2.41% with an average of 0.5 points. A year ago it was 2.75%.

“With little economic data during a slow holiday week, the markets appear to be pricing in continued economic recovery even though Covid cases have increased due to the Omicron variant,” said Paul Thomas, vice president of capital markets at Zillow. “Most indicators continue to point to inflationary pressures with tight labor markets and challenges in dealing with supply chain issues.”

When the Federal Reserve released the minutes of its December meeting this week, it made waves in the financial markets. Stocks fell after the Fed signaled it could pull back on its bond purchases, raise interest rates and sell its balance sheet over the next several months.

According to the protocol, high inflation and a tight labor market could lead them to raise interest rates “sooner or faster than participants expected”. While the Fed doesn’t set mortgage rates, its decisions can influence it.

Information on this article was contributed by Alex Veiga of The Associated Press and Kathy Orton of The Washington Post.

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Cheap personal loans from OMM https://winwinlose.net/cheap-personal-loans-from-omm/ Wed, 05 Jan 2022 05:22:56 +0000 https://winwinlose.net/cheap-personal-loans-from-omm/ What You Should Know About OMM Unsecured Personal Loans. Whether you need a personal loan to finance some home renovations, a car, a wedding, or other incidental living expenses, finding the right provider can be difficult. The interest rate is just one thing to look out for – repayment terms and flexibility are other important […]]]>

What You Should Know About OMM Unsecured Personal Loans.

Whether you need a personal loan to finance some home renovations, a car, a wedding, or other incidental living expenses, finding the right provider can be difficult. The interest rate is just one thing to look out for – repayment terms and flexibility are other important factors.

OurMoneyMarket, or OMM, is one of the best known personal loan providers in the Australian market. Find out what the brand has to offer below.

Who is OMM?

Founded in 2017, OurMoneyMarket, or OMM, is one of the newest and largest personal loan providers in Australia. Peer-to-peer essentially means that there are investors at the other end of your loan, i.e. you as the borrower pay nominal interest and investors also receive a return on their investment. OMM says this type of lending can offer more competitive rates and “better business for all”.

OMM personal loans

OMM offers unsecured fixed rate personal loans that can be repaid weekly, fortnightly, or monthly over a period of one to seven years up to a maximum of $ 75,000. OMM offers personal loans for debt consolidation, home improvement, doctor / dental bills, education, weddings, vacations, cars, trailers, motorcycles and boats.

Here is a snapshot of OMM’s personal loans.

The interest rates are based on a $ 30,000 loan for five years. * Warning: This price comparison is for this example only and may not include all fees and charges. Different terms, fees or other loan amounts can lead to a different comparable interest rate. The prices are correct as of January 5, 2022. Show disclaimer.

See how OMM Personal Loans compare to some of the cheapest personal loans on the market.

The interest rates are based on a $ 30,000 loan for five years. * Warning: This price comparison is for this example only and may not include all fees and charges. Different terms, fees or other loan amounts can lead to a different comparable interest rate. The prices are correct as of January 5, 2022. Show disclaimer.

OMM offers tiered interest rates based on your creditworthiness and uses the credit reporting agency illion for its credit assessment process. The illion credit breakdown is as follows:

evaluation

Excellent

800-1000

Very good / great

700-799

Good

500-699

Average / sufficient

300-499

Below average / weak

1-299

There is usually no charge to check your creditworthiness. With our credit rating calculator you can get a rough idea of ​​your credit rating.

Why Choose OMM for Personal Loans?

OMM has several standout features of its personal loans that go beyond just competitive interest rates. Some features include:

  • Fast application: Fully digital and in five minutes, with a decision in less than a minute.

  • ‘Free offer’: A non-binding offer gives the borrower an indication of his interest rate without an application for a credit report appearing or affecting it.

  • No hidden fees: No maintenance fees, no exit fees, and no early repayment fees.

OMM Personal Loan Criteria

In addition, you must provide personal and financial information as well as bank statements for three months as part of your application.

OMM important people

  • Steve Lambert – Chairman

  • Adam Sutherland – Founder & CEO

  • Crystal Anderson – Co-Founder & COO / CFO

  • Bruce Sutherland – Co-Founder and Director

  • Chris Kok Wan Chun – Non-Executive Director

  • Roger Lee – CTO

frequently asked Questions

How long does it take for OMM to approve a personal loan?

Loan applications can take as little as five minutes, with approval in less than a minute. Since OMM is a peer-to-peer loan provider, your loan will then be placed on the investor marketplace where investors can choose whether to fund it. This can take up to a day.

What other loans does OMM offer?

OMM is a peer-to-peer personal loan provider offering unsecured loans with a fixed term from debt consolidation to vehicle purchase.


Photo by Avel Chuklanov on Unsplash

When selecting the above products, the entire market was not considered. Rather, a stripped-down part of the market was considered. Some vendors’ products may not be available in all states. In order to be considered, the product and price must be clearly published on the product provider’s website. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group is associated with the Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest and how we are paid, please visit the website links at the bottom of this page.

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PERSONAL FINANCE: Financial Resolutions That Really Work – Part 2 https://winwinlose.net/personal-finance-financial-resolutions-that-really-work-part-2/ Mon, 03 Jan 2022 05:27:05 +0000 https://winwinlose.net/personal-finance-financial-resolutions-that-really-work-part-2/ In last week’s column, I discussed your New Year’s financial resolutions by recommending that you first set goals, organize yourself, and prepare a budget. Today I’m going to add specific actions that you can implement right now. Manage debt It is often said that the best way to reduce debt is to cut up your […]]]>

In last week’s column, I discussed your New Year’s financial resolutions by recommending that you first set goals, organize yourself, and prepare a budget. Today I’m going to add specific actions that you can implement right now.

Manage debt

It is often said that the best way to reduce debt is to cut up your credit cards. I find this strategy extreme and a poor substitute for discipline and smart decisions. Dealing with debt is complicated, and many people fail to comply with debt-related solutions simply because they don’t know where to start or they don’t consider the bigger role debt plays in our financial lives. Debt isn’t necessarily bad. The debt allowed me personally to get through school, buy a house I could never have afforded with cash, and take vacation with credit card miles. But uncontrolled debt can be a bear holding us back from reaching our broader financial goals.

Most debts fall into one of two categories: installment debt and revolving debt. Installment loans generally include mortgages, auto loans, and student loans, which usually have fixed interest rates and fixed monthly payments. You can keep your installment debt under control by simply making your required monthly payments on time, which will also help build your credit.

Examples of revolving debt are credit cards and home equity lines of credit (HELOC). In general, it is better to pay off revolving debts first. It seldom makes sense to take out relatively low-interest installment debts (e.g.

If you haven’t already, consider refinancing your mortgage and student debt. Although current interest rates can rise from their lows, they are still cheap compared to historical interest rates. When refinancing your mortgage, watch out for “teaser” interest rates that will reset after a short time. I advise against a floating rate that will reset in less than five or seven years and encourage you to see the terms and conditions for the rate adjustment. However, depending on your future plans, a long-term fixed-rate mortgage may not be the best choice either. There are price calculators available online that can help you calculate the numbers.

Over half of all Americans have credit cards with them; It is not surprising that paying by credit cards is the number one financial resolution for the New Year. Doing this is a “twofer” as improving creditworthiness is also a common solution. If you have high-interest credit card balances with you, consider a powerful debt management tool often referred to as a “credit transfer credit card.” You will need to do some research and comparing online, but the short explanation is that you can open a new card and transfer your existing balance (within a time limit) either for free or for a reasonable price. Such cards offer a very attractive feature: they are interest-free for a certain period of time. During this interest-free payment period, any payments you make will be used to reduce the main balance on the card. Even during this grace period, you should pay at least as much as before. Check out this option.

When it comes to credit cards, be sure to compare their “points” programs and other benefits. My favorite card is the Amazon Rewards Signature Visa, which, among other things, immediately reimburses five percent for online purchases from Amazon Prime.

One final word on creditworthiness, if checking your creditworthiness isn’t one of your financial resolutions, please add it to the list. There are sources online that you can use to access your credit score and get it repaired if necessary. My preferred online source is annualcreditreport.com, which will provide you with a free copy of your credit history. The better your credit rating, the easier it is to get a loan on more favorable terms.

Investment plan

The second most common New Year’s resolution after paying off credit card debt is to save and invest. Whether you’re looking to build a nest egg to buy a first home, fund your children’s education, or put away money for your retirement, having clear goals, like most habits, is key to your success.

For many, the most proven way to amass wealth is to develop a set-it-and-forget-it method of hiding money. Does your employer offer an automatic wage deduction plan? If not, you should consider making a monthly systematic transfer from your checking account to an investment account. In addition, some investment houses and fund families may allow regular transfers. Good habits are best achieved through repetition.

If your employer has a tax deferred asset creation plan like 401 (k), you should try to maximize your contributions – even more so if there is an employer adjustment component. If you are self-employed, take a look at the different tax deferred savings models you can potentially start.

In addition to an investment plan, you should have an “emergency fund” in savings or money market accounts. I often hear that an emergency fund should be the equivalent of three or six months of spending. I’m happy with the lower number, provided that some of the non-emergency investments are allocated to high quality, highly liquid bond funds with minimal market losses.

While I recommend creating an auto investing system, you still need to create an asset allocation and regularly realign your investment portfolio with that asset allocation. The realignment requires discipline as it involves selling asset classes that are doing well and buying asset classes that are not. There are many resources available for a more in-depth discussion of asset allocation and portfolio rebalancing.

Property and casualty insurance

Now is a good time to schedule an appointment with your insurance broker to evaluate and possibly upgrade your insurance coverage. In addition to weighing the home ownership limits and vehicle coverage, you should discuss whether the deductible makes sense. I’ve seen many cases where the deductible, essentially the auto insurance portion for the first dollar, is unnecessarily low and your sum insured could be better used to increase coverage caps or add an umbrella policy. At the same time, discuss the specifics of your insurance coverage, the passengers available and how you can take steps to lower your premiums (alarms, automatic water shut-off devices, etc.).

Estate documents

For many, a resolution that seems to carry over from year to year is to make or update your will (along with ancillary estate documents). Take a look at the non-tax reasons to reconsider your estate plan now. During estate planning, you should discuss the proper naming of your assets with your attorney. It is important to have up-to-date estate documents and that is the responsible thing.

Final thoughts

Everyone starts the year with resolutions that reflect the best of intentions. But good intentions fade quickly unless you create a plan that leads to action; and only actions, not intentions, produce results. While my focus was on financial resolutions for the new year, the broader context is financial literacy – a “resolution” that encompasses all other financial resolutions. Let 2022 be the year you build the level of financial literacy that will serve you and your family beyond January, beyond the year, leading to lifelong wise financial decisions. Good luck and best wishes for your financial success.

The author does not provide tax, legal, financial or investment advice. This material has been prepared for informational purposes only. You should consult your own tax, legal, financial and investment advisor prior to entering into any transaction.

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Funding for floods in southwest Philadelphia in the Eastwick neighborhood? https://winwinlose.net/funding-for-floods-in-southwest-philadelphia-in-the-eastwick-neighborhood/ Sat, 01 Jan 2022 14:00:54 +0000 https://winwinlose.net/funding-for-floods-in-southwest-philadelphia-in-the-eastwick-neighborhood/ 💌 Do you love philadelphia? Sign up for the free Billy Penn newsletter for everything you need to know about Philadelphia every day. Brenda Whitfield’s house on Saturn Place seemed like the ideal place to raise a family when she moved to the street bordering a low-lying field in the Eastwick neighborhood of southwest Philadelphia […]]]>

💌 Do you love philadelphia? Sign up for the free Billy Penn newsletter for everything you need to know about Philadelphia every day.


Brenda Whitfield’s house on Saturn Place seemed like the ideal place to raise a family when she moved to the street bordering a low-lying field in the Eastwick neighborhood of southwest Philadelphia over 40 years ago.

“We just knew we were buying land in a neighborhood with the top 10 schools,” said Whitfield. Pregnant with her second child at the time, that was a top priority.

Two decades later, in 1999, the local middle school their children attended suffered a 9-foot flood that caused over $ 1 million in damage. “People often ask why you are moving to a floodplain,” said Whitfield, “but you are moving because the realtors don’t mention it.”

Eastwick, a predominantly black neighborhood with an average annual income of $ 40,000, is one of many colored communities across the country disproportionately affected by urban flooding. It sits at the lowest point in town and is surrounded by water – Darby and Cobbs Creek to the west and the Schuylkill River to the east.

As the storms intensified in the wake of climate change, the area was hit again and again. The infrastructure plan signed by President Joe Biden in mid-November provides billions for FEMA to help communities prepare for climate disasters. While there is a movement to make Eastwick one of the places the plan has been helping, it is still unclear whether this will happen.

In the US, people of color are over-represented in flood hotspots, according to a study published in Natural Hazards this year. Eastwick homeowners have noticed.

Leo Brundage, a retired ironworker and long-time resident, does not feel prioritized in his neighborhood. “I ask myself: is that because of the demographics of the community?”

Whitfield, now a grandmother, repeated Brundage’s concern. There have always been “minor floods,” she said, but “nobody wanted to listen to a middle-class neighborhood where black people move in.”

It was not until the four-foot floods caused by Hurricane Floyd in 1999 that the city became alert, she said. The Army Corps of Engineers has been conducting flood control studies since Floyd, but residents are frustrated with the lack of real results.

In October the Corps presented its study to the Eastwick Ward advisory group.

Brundage, who acts as the advisory group leader, said he was tired of hearing about new studies. Another meeting is planned and he hopes the officials will say something specific, “whether they want to help us or not”.

When Hurricane hit Isaias in 2020, Brundage said it caused over $ 60,000 in damage.

“I’m 77 years old and I try to live the little life that has been best for me,” he said. “Not having this post-traumatic stress because we are flooded every time it rains.”

Courtesy Phyllis Glenn

72-year-old Phyllis Glenn’s house is on the same street as the house Whitfield bought 40 years ago: Saturn Place. It runs along the edge of a field that borders Cobbs Creek, which is regularly flooded during storms.

The situation makes night rain “really scary,” said Glenn, because you can’t keep an eye on the rising water. She stood on her porch and took care of her little grandson. She called the ongoing flooding “absolutely devastating”.

She inherited her home from her father, who she saw tackle Hurricane Floyd. When Hurricane Ida hit this year, Glenn said, the water crept up halfway up the field.

Many neighbors spend time staring out the back windows when it rains. “You develop PTSD,” said educator Sharon Truxon, 55. “We have to keep rebuilding,” she added, “and at some point you don’t have the resources.”

One year after Isaias, the basketball courts behind Saturn Place remain eroded by water damage, so that children are no longer able to shoot hoops.

Whitfield said the adjacent recreation center was also flooded – a space that used to be a vibrant home for community activities. Whitfield fondly remembered meeting there for crochet classes while others were playing elite games.

The community received a grant to restore the center, neighbors said, but work has been delayed until recently.

The surface of Eastwick's basketball courts is still in disrepair
Megan Ruggles

Following Hurricane Isaias, the Philadelphia Office of Emergency Management conducted a damage assessment in Eastwick and neighboring counties through an online survey that recruited and contacted political and community leaders.

Based on this information, Governor Tom Wolf requested a major disaster statement and public support for counties such as Philadelphia. A government spokeswoman, Elizabeth Rementer, said her application had been denied.

However, Rementer said some federal aid was provided in the form of soft loans through the US Small Business Administration.

It’s not the same as emergency relief, stressed Whitfield. “We were told, ‘You can get a low-interest loan,'” she said. “Without the Red Cross there would have been no help without us helping ourselves.”

Josh Lippert, head of the floodplain for the city of Philadelphia, said the infrastructure and investment bill would put a lot of money into FEMA programs to help potentially climate-vulnerable communities like Eastwick.

According to a spokesman for the Office for Emergency Management, the city is submitting six projects for various FEMA aid programs to the State Office for Emergency Management for review.

Whether or not Eastwick receives aid through these grants depends on both state and FEMA approval. Whitman hopes it is. She also hopes to make progress on the program to relocate residents from the floodplain – but she will be sad to leave.

“When we moved to this neighborhood,” said Whitfield, “it’s like any neighborhood – you want to leave a legacy for generations to come.”

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Will the curtain fall on the theater 80 St. Marks? The impending auction could be the final act of the venue – The Village Sun https://winwinlose.net/will-the-curtain-fall-on-the-theater-80-st-marks-the-impending-auction-could-be-the-final-act-of-the-venue-the-village-sun/ Wed, 29 Dec 2021 06:29:21 +0000 https://winwinlose.net/will-the-curtain-fall-on-the-theater-80-st-marks-the-impending-auction-could-be-the-final-act-of-the-venue-the-village-sun/ BY LINCOLN ANDERSON | If ever there was a time for a deus ex machina – a wonderful theatrical happy ending – this is it. Lorcan Otway, the owner of 80 St. Mark’s Theater, says he is in a serious financial bind. He was forced to default on his mortgage due to a creditor’s high […]]]>

BY LINCOLN ANDERSON | If ever there was a time for a deus ex machina – a wonderful theatrical happy ending – this is it.

Lorcan Otway, the owner of 80 St. Mark’s Theater, says he is in a serious financial bind. He was forced to default on his mortgage due to a creditor’s high interest rate and the pandemic.

“Instead of a foreclosure sale, they are trying to sell the property at auction among us,” he said.

The deadline is imminent – January 30th. That day, Otway said, “They’re going to try to sell the building.”

“She” is an outfit called Maverick Mortgage.

Otway prays that an Ave Maria pass to save the venerable East Village venue could connect: “We beg” [Governor] Kathy Hochul on behalf of us to give us a low-interest loan, ”he said.

The pandemic of mandatory theater closings has been a crippling blow to off-Broadway spaces like Otway’s. Additionally, however, shortly before the onset of COVID, he had just refinanced the property’s mortgage as part of a business expansion plan. As a result, his interest rate skyrocketed from 10 percent to 24 percent, but at a time when the theater was closed and his tavern was failing due to restrictions on indoor dining. That perfect storm created $ 2 million in additional debt in the past year alone.

The property, at 80 St. Mark’s Place, between First and Second Avenues, not only includes the theater, but also the William Barnacle Tavern, the Museum of the American Gangster and a Foxface sandwich shop, as well as a bed and breakfast. The complex has been owned by the Otways family for 57 years. Otway runs it today with his wife Genie.

The current owner remembers when he was just 9 years old when he helped his father dig the floor of the theater deeper and shovel out dirt to make the space bigger.

When Howard Otway died, he left half of the building to his wife Florence and the other half to a three-way trust owned by Florence and their two children Lorcan and his brother. In 2010, Florence died, creating a series of financial challenges.

First, Otway bought his brother out of the trust fund and paid him a quarter of the building’s value. He also had to pay his mother’s inheritance tax on the property. In short, Otway went from no debt to an ambush behind the financial backball.

Inheritance taxes are just overwhelming, said Otway.

“It has made generational and family businesses very difficult,” he said.

The 80 St. Mark’s Theater offers outdoor dining with heated seats as part of the associated William Barnacle Tavern. Foxface Sandwiches, left, is a tenant of the Theater 80’s. (Photo by The Village Sun)

His own predicament aside, the city’s theaters closing is a daunting trend with 75 venues lost in the last 10 years, he said.

“We serve the community,” Otway said. “We work seven days a week and often 18 hours a day. And we do this because we believe that the solutions to what lies ahead now are not political but cultural. New York without an independent small theater is not New York. “

One reason why so many films are made in the Big Apple is because the intimate cinemas are such good training grounds for actors.

If only the government recognized all of this value. Otway said the state should have taken over the theaters’ mortgages during the pandemic as the state prevented them from generating income.

“They should have given low-interest loans to make the theaters whole again,” he said. “We’re paying about $ 6,000 a day in interest. They should have frozen the loans and then we could pay 10 percent interest again. “

Randy Credico, his canine companion Bianca and Raffi D’Lugoff on keyboard shared the stage in the cabaret of Theater 80 a few months ago during a legal fundraising drive from Julian Assange. It was one of the last appearances by Bianca, who passed away last week. (Photo by The Village Sun)

Additionally, in the case of Theater 80, Otway thought he was simply heeding the state’s pandemic recommendation to “redesign” the space when he decided to convert it into a cabaret space and add tables for guests, food and drink. It was also hoped that cabaret would “do more per capita”. But the new concept has only slowly caught on because you have to get a liquor license for the cabaret room.

So Otway must now try to raise $ 8 million in a very short time.

“Every little bit helps,” he says. “Most of all, our legal fees are killing us.”

Otway not only hopes for help from Hochul, but ideally envisions a Jeff Bezos-like character riding to the rescue.

“The dream,” he said, “is that a rich person [gets involved] who loves the neighborhood and the arts and understands that seniors shouldn’t be put on the streets for doing what the government asked them to do during the pandemic. “

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With the lowest mortgage rates, does it make sense to switch lender for a home loan? https://winwinlose.net/with-the-lowest-mortgage-rates-does-it-make-sense-to-switch-lender-for-a-home-loan/ Mon, 27 Dec 2021 07:12:43 +0000 https://winwinlose.net/with-the-lowest-mortgage-rates-does-it-make-sense-to-switch-lender-for-a-home-loan/ The Indian economy has been experiencing a falling interest rate regime since last year. And the segment that this has brought the most joy into is home loans. Currently, the interest rates on home loans for many banks and HFCs (Housing Finance Companies) are lower than ever before, with most of them offering below 7% […]]]>

The Indian economy has been experiencing a falling interest rate regime since last year. And the segment that this has brought the most joy into is home loans. Currently, the interest rates on home loans for many banks and HFCs (Housing Finance Companies) are lower than ever before, with most of them offering below 7% pa on different loan amounts, terms and credit profiles of the applicants.

With interest rates this low, it is natural for potential homebuyers to make their dream of owning a home come true with the help of home loans. But the cheers are not limited to them. Even the existing borrowers servicing their home loan EMIs are keeping an eye on these low and lucrative interest rates. After all, who wouldn’t want to lower their mortgage burden, especially since this is probably the greatest financial obligation of our lives and EMIs for home loans make up a significant part of our monthly income.

So if you are one of those existing home loaners scratching your head trying to secure the low interest rates with a balance transfer, just pause and read on as we explain whether this makes sense and what you need to do Think about this before switching lenders for a home loan.

1.Contact your existing bank / HFC first for negotiation

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Before submitting your offer to jump on the cheap and lucrative building loan interest rate by switching, first inquire at your existing bank / HFC, where you will be able to repay the building loan. Submit an interest rate cut request and match those offered by other lenders according to your loan amount, credit profile, and term. If your lender refuses to take your application, you can consider making an account transfer to move to another bank / HFC.

All of this also makes sense because your home loan balance transfer request will be viewed by the new lender as a new loan application, so you may have to go through steps such as credit assessment, property appraisal, documentation, and other processes related to a new home loan application again. And since all of these steps usually involve a considerable amount of time and effort, it makes sense to first inquire with your existing lender for negotiation and then, if rejected, proceed with the transfer of the balance.

Also read: Does it make sense for millennials to apply for a home equity loan in their 20s?

2. Examine savings in the total cost of interest

Home loan savings calculation
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In most cases, the main goal of most home loan transfers is to lower the total cost of interest on existing home loans, especially home loans that are drawn at much higher interest rates. By transferring the balance, you can lower your total home loan interest cost without compromising your liquidity and existing investments, as opposed to prepayment, which allows you to reduce the cost of interest by paying on top of your savings or surpluses, which tend to affect your liquidity. So, making use of the balance transfer option is proving to be a smart move, especially for those existing home loan borrowers who are now eligible to borrow home loans at much lower interest rates from other lenders, for reasons such as an improved credit profile.

However, as mentioned earlier, your balance transfer will be considered a new home loan application by the new lender. Therefore, fees such as processing fees, administration fees, etc. are typically charged by the new lender at the time your credit transfer application is processed. So only decide to transfer the balance if the total savings in interest costs are significant enough after taking the associated costs into account.

Also read: Does it make sense to consider real estate as part of your portfolio?

3. Take into account the remaining term of your home loan

Another important parameter to consider when making a balance transfer is your remaining term of the home loan. For most of you, it would not be of much concern to opt for a home loan balance carryover in the later stages of your home loan termbecause you will have to pay for the majority of your interest component yourself in the earlier stages of the term, which means that in the later stages of the home loan term there are relatively fewer opportunities to avail significant savings in the total cost of interest.

Man thinks and plans
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Also Read: Smart Tips To Save For Your Loan Down Payment Without Choosing Your Finances

4thUse caution in choosing the tenure after transferring the balance

In the event that you are in the early stages of your tenure and can see significant interest savings, you need to be clear about a decision your new lender will ask you to make – whether to keep the tenure as the remaining term after balance transfer or balance to change. In such scenarios, many borrowers tend to get carried away when they see the EMI amount decrease as the tenure is extended, and thus opt for a longer term than the remaining term of the home loan after the balance transfer. That’s where they go wrong.

If the primary goal of balance transfers is to lower the interest cost, extending your tenure would increase your interest cost and thus miss the purpose of the balance transfer! Extending the term would only make sense if you want to reduce your EMI amount despite higher total interest costs.

Otherwise, if the goal of switching is to save interest costs, it is better for you to keep the repayment period of the new home loan after the balance transfer equal to the remaining term of the existing home loan. On the other hand, if you want to lower the EMI amount after the balance transfer, you can consider a longer term if available. However, try to prepay if you have excess funds as it can lower the interest cost.

Also read: Does it make sense to buy or rent a house?

Conclusion: does a change make sense?

Man thinks of home
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With all of this aside, another thing to keep in mind when thinking of getting your hands on those low and lucrative mortgage rates is that they are variable, not fixedwhich means that your interest rate, and consequently the EMI, would vary over the tenure. This is why it emphasizes the importance of switching only on a well-thought-out plan and following the steps above. The conversion through balance transfer would only make sense if the total interest costs can be saved significantly, which would also be possible in the first years of the mortgage lending and not in the later years in which most of the interest components have already been repaid by you. Aside from these two aspects, there could be other reasons to switch if you are not satisfied with the service provided by the lender, such as: Whatever the reason, make sure your financial health is getting benefits rather than being hurt when switching your lender for a home loan.

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Fixed refinancing rates for student loans set another record low https://winwinlose.net/fixed-refinancing-rates-for-student-loans-set-another-record-low/ Tue, 21 Dec 2021 19:58:34 +0000 https://winwinlose.net/fixed-refinancing-rates-for-student-loans-set-another-record-low/ The refinancing rates for fixed student loans have fallen again to a record low, according to Credible. Refinancing student loans at a lower interest rate can help borrowers settle their debts faster, reduce their student loan payments, and save money on interest rates (iStock) There has never been a better time to refinance your student […]]]>

The refinancing rates for fixed student loans have fallen again to a record low, according to Credible. Refinancing student loans at a lower interest rate can help borrowers settle their debts faster, reduce their student loan payments, and save money on interest rates (iStock)

There has never been a better time to refinance your student loan at a fixed rate on better terms.

Refinancing rates for fixed student loans hit a new record low in the week of December 13th, reaching 3.33% for well-qualified borrowers who opted for the 10-year term, according to Credible data. This breaks the previous record of 3.35% set in the week of November 22nd.

Refinancing to a lower student loan can help you reduce your monthly payments, pay off your debt faster, and save money on interest over the life of the loan.

Read on to learn about the latest trends in student loan refinance rates and how you can get yourself a record low interest rate on your college debt. You can browse the current rates from real private lenders in the table below and visit Credible to see your estimated interest rate for free without affecting your creditworthiness.

WHAT TO DO WHEN YOUR STUDENT LOAN SERVICER CLOSES

Fixed refinance rates on student loans at record lows as floating rates rise

If you are considering moving your student loan debt into a new fixed rate loan, now is the time to do so.

In addition to a record low of 3.33%, the fixed interest rates for the 10-year refinancing term of the student loan are also well below the previous year’s figure of 3.86%.

However, the floating rate on 5-year refinancing loans rose to 2.82% in the week of December 13, up from 2.75% the week before. However, the average variable interest rates are significantly lower than at the same point in time in the previous year, when they averaged 3.20%.

CAPITAL ONE INTRODUCES NEW CREDIT CARDS FOR STUDENT REWARDS

Remember, by refinancing your federal student loan into a private loan, you won’t be eligible for certain government benefits, such as:

If you decide to refinance your student loan debt into a new loan with better terms, visit Credible to compare refinance rates with multiple private lenders. Then use a student loan refinance calculator to determine if this debt settlement option is right for you.

14 BEST STUDENT LOAN REFINANCING COMPANIES IN 2021

How to secure a low interest rate for a student loan

While the refinancing rates on private student loans are near the all-time low, the interest rate you will ultimately get depends on a number of factors. Lenders determine refinancing rates and eligibility for student loans based on the following criteria:

  • The borrower’s credit history. Borrowers with good credit qualify for the lowest possible refinance rates on student loans. Bad credit borrowers may consider seeking the help of a creditworthy co-signer to increase their chances of obtaining a low interest rate loan.
  • The loan terms. Large loans with longer repayment schedules usually have higher interest rates, while shorter loans with smaller amounts have lower interest rates. Longer loans also tend to come with lower monthly payments, while shorter loans can help you pay off your debts faster.
  • The tariff type (fixed or variable). While fixed rates are locked in for the life of the loan, floating rates can fluctuate over time with the market index.

15 BEST DEBT CONSOLIDATION LOANS FOR FAIR CREDIT

Because refinancing rates and student loan eligibility requirements can vary from lender to lender, it is important to compare refinancing offers from multiple lenders. Most student loan lenders allow you to pre-qualify to see your estimated interest rates with a soft loan inquiry. which doesn’t affect your creditworthiness.

You can view your pre-qualified loan repayment offers from Credible’s partner lenders for free by filling out a single form in just a few minutes. This is how you can find the best interest rates for your financial situation risk-free.

HOW TO AVOID PREPAYMENTS AND PREPAYMENT FEES

Do you have a question about finance but don’t know who to contact? Send an email to the credible money expert at moneyexpert@credible.com and your question could be answered by Credible in our Money Expert section.

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