Say it with me….. Holy ‘FINANCE BROKERS’ Batman! Can you believe it – a NO-HOLDS-BARRED Loan and Lender website that providing the best advice to make sure you’re equipped with the KEY STRATEGIES to Negotiate with Your Lender, Reduce Your Mortgage Fees and Say Goodbye to Bad Credit for good!
Find out what LENDERS AND FINANCE BROKERS are not telling you when it comes to loans in all areas of STUDENT LOANS, MORTGAGE LOANS or REFINANCING LOANS, so you can move towards your FINANCIAL FREEDOM, so you can ACHIEVE TIME IN THE MARKET and finally LIVE THE DREAMS YOU DESERVE.
How much will Sallie Mae save you?
Federal Stafford Loans were first disbursed in July, 2006. They are fixed rate low interest loans for student attending college. The maximum that can be loaned out a year on these loans is $8,500 a year that are subsidized loans, with another $10,000 a year in unsubsidized loans. While you can have up to $138,500 in Stafford loans, only $65,500 may be subsidized.
In a subsidized Stafford Loan, the student has 10-years to repay. He begins to repay the loan six months after graduation. The Government pays all interest payments while the student is in school and for six months after. The interest rates are variable, based on 91-day Treasure bills, plus 2.3%, capped at 8.25%.
Sallie Mae was established in 1972 as a quasi-governmental organization, and was totally privatized in 1997. The reason it is able to make loans to students is that it is without risk to it. The loans are guaranteed by the Government.
The loan lender warning by ‘60 Minutes’
According to a report on CBS's "60 Minutes" show, there are large financial penalties for students who are not able to keep up with the payments on their loans on time. It's nice to be able to go to college, but many students get saddled with large debts.
If you want to apply for a Sallie Mae Loan, the first step is to fill out a Free Application for Federal Student Aid (FAFSA). Based on your FAFSA, the Government estimates how much your family can afford to pay toward your student expenses, your Expected Family Contribution (EFC). Finally, you need to find out what other loans and grants you can receive from the school that you are going to.
Filling a FAFSA includes sending in copies of your tax returns, if you are an independent student, or your parents tax returns if you are a dependent student. You can use FAFSA to apply for Sallie Mae loans and also for Pell grant and work-study programs. The school you are going to can use the FAFSA and the EFC to put together a total financial package for you.
A Federal Pell grant for educational expenses does not have to be repaid. Pell grants for the 2002-2003 school year reached a maximum of $4,000. Of course, this is in a situation that the four-year costs of an undergraduate degree keep going up. The average price for a four-year private college degree is $120,000, and can be considerably higher. Even a four-year degree for in-state students at a state university can cost $40,000.
Learn why are Student Loans so important to manage
With the soaring cost of higher education student loans are now commonplace for individuals and families trying to pay their way through college and university. The types of loans available fall into three general categories: federally guaranteed loans from banks; federal direct loans from the government; and private loans from banks or lenders.
The interest rate on both guaranteed loans and direct loans is fixed. What is most important is clearing yourself of debt so you can move forward to being financially independent and work towards owning your own home and other investment properties as soon as possible after graduating from college or university.
Your Lender Loan provides a range of the latest information to make sure you are given the best loan advice.
Whether you want to achieve the best mortgage interest rates, whether your loan is for home finance, or you’re wanting to overcome bad credit Your Loan Lender can help in directing you towards your financial freedom.
In the not-to-distant future you will also want to consider the advice on Your Loan Lender for mortgage refinancing, equity mortgages or even for a second mortgage or a commercial mortgage.
What are Lenders and Finance Brokers not telling you?
So when you are even more successful than what you could have even dreamed, it will be because you read and took action on the advice you will read on these pages. Some lenders and finance brokers will be reluctant to share this information with you because it pulls back the curtain on the information that they only think makes them stand out. Now you can have all that information at your finger tips with the comprehensive loan and lending information that you will find Your Loan Lender is saturated to the tipping point of explosion.
And if you are the type to dare to dream even bigger, and if you are reading this now then you are one of the 10% who have taken action towards building your financial independence, then the investment loan advice you will gather from your research on Your Loan Lender will be priceless – pardon the pun!
So, move forward, take the leap, and get the loan refinance advice that you deserve. Set off on the right foot with consolidation of your bad credit loan, and build towards becoming far more than just a blip on the radar of the biggest lenders – start getting what you deserve in the student, home and business loan rates.