FHA loan is a government-backed mortgage that’s insured by the Federal Housing Administration (FHA). This type of loan is popular among those who are buying a house for the first time. They allow you down payments of 3.5% for credit scores of 580+. With this loan, you have to remember that lower your credit score, higher the interest borrowers will receive.

Being brutally honest about credit histories, it is safe to admit that a lot of people have a fair bit of struggle maintaining a good credit history. People are facing a credit crunch and bad credit histories make it harder to qualify for a loan. The situation is not very rosy and there is little that can be done about it.

Installment loans offer you quick cash and seem a good deal all over. However, there are a few things one must know before they opt for installment loans. Here is a list of things to know before you opt for an Installment loan: An installment loan is given to the borrower within a set period of time.

Mortgage calculators are powerful tools that help you with a lot more than just estimating your monthly payments. Scroll down to take a look at all the additional ways that mortgage calculators help us. If you are new to the whole home owning scenario and you have no idea about how much to offer for a house, do not worry as the mortgage calculators are there to help you out even during those initial but crucial stages.

A payday loan is a type of fast cash loan wherein a sum of money which is borrowed for a short period of time at a very high rate of interest. You get your money extremely fast, but the cost of such a loan is high as this loan is accompanied by a high interest rate.

Students who’ve chosen to walk the path of medical, law, military or teaching, keep reading to know about the options available for student loan forgiveness. For those who aspire to serve the country Students who plan to become a member of the armed forces, you’re automatically eligible for student loan forgiveness.

Once you’ve filled your FAFSA and received your student aid report, a particular amount under the name of financial aid will be allocated to you, given that you meet all the basic eligibility criteria. You would need to apply for this financial aid for every year that you spend in college and each year this financial aid will vary on the basis of various changing conditions.

Nowadays, among all the expenses that have drastically increased, one need not mention how college tuition fees are soaring higher than ever. Increasing at a rate of 6 percent per year, it is decreasing opportunities and affordability for students at a much higher rate. In times like these, one should make sure to avail as many opportunities as possible to continue their education and one such opportunity available to most would be financial aid.