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How To Find Affordable Student Loans 16 Nov 2011 | 04:52 am

There are many financial aid options open to prospective students today, ranging from private student loans to government-subsidized loans. Unfortunately, not all student loans are created equal. Whil...

5 Ways To Save on Thanksgiving Dinner 10 Nov 2011 | 09:06 am

As the holiday season swings into gear, you may find that your debt woes appear even gloomier.  Christmas and Thanksgiving can be tough for those who are finding themselves in increasing amounts of de...

How the American Jobs Act Will Help Local Economies 10 Oct 2011 | 01:12 am

In separate tours of U.S. cities, U.S. Department of Housing and Urban Development (HUD) officials along with local leaders have been attempting to convey the potentially profound positive effects pas...

Forclosure Defense Law Firm Expanding Reach 10 Oct 2011 | 12:54 am

The Mortgage Law Group, a Chicag0-based firm that specializes in foreclosure defense, is expanding its reach across the United States by hiring an army of new attorneys to defend homeowners facing a f...

Debt Consolidation 23 Sep 2011 | 12:35 pm

Definition: The process of taking out a single large loan to pay off all or some of your existing debts. The benefit of debt consolidation is that you may be able to take out a loan at an interest ra...

Bankruptcy 23 Sep 2011 | 12:28 pm

Definition: A legal process entered into by those who can no longer pay their debts.  Bankruptcy can afford you time to pay off your debts. Generally during bankruptcy proceedings, your assets are giv...

Arrears 23 Sep 2011 | 12:21 pm

Definition: Any overdue payment amount on a debt owed.  Mortgage arrears mean you have fallen behind on your mortgage loan, and arrears on credit cards mean that you have not made at least the minimum...

Private Mortgage Insurance (PMI) 23 Sep 2011 | 02:50 am

Definition: Insurance generally required by the lender, to be paid by the borrower, when the borrower has made less than a 20% down payment on the mortgage.  This insurance helps to protect the lender...

Nontraditional Mortgage 23 Sep 2011 | 02:42 am

Synonyms: Alternative Mortgage, Exotic Mortgage Definition: Mortgage loans which are generally more complex than traditional loans (adjustable rate mortgages and fixed-rate mortgages), and present a ...

Minimum Monthly Payment (MMP) 23 Sep 2011 | 02:33 am

Definition: The minimum payment due by the borrower on a loan or line of credit. In special offers or non-traditional loans, this may be less than the interest that has accrued over the past month.  ...

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