Interest-only mortgage deals in the mainstream residential market are in decline, according to research from Paragon Mortgages. Paragon's research, a panel-based survey of over 200 financial advisers, shows that interest-only accounted for 23% of mortgages introduced by advisers during the third quarter of 2008.This was down from 26% in the first quarter of the year and the second survey in succes
Shobha Shukla writes: Civil society in India has strongly condemned the recent decision of the Group of Ministers (GOM) in India to defer the implementation of pictorial health warnings on tobacco product packages which was to come in to effect from November 30, 2008. The pictorial warnings have been deferred, again, till at least end [...]
Monday, October 20th, saw
the US Small Business Administration (SBA) make the following
statement regarding its efforts to help small businesses through the
current economic crisis:
In response to the financial crisis,
the U.S. Small Business Administration today announced it is strongly
encouraging its participating 7(a) lenders and Certified Development
companies to
By Steven CopperSchool Loan Deferment:Certain situations like financial crisis, unemployment, willingness to study further often causes hardship in repaying the school loans availed to meet the educational expenses. Deferment is a way by which you postpone the repayment of loans under such conditions. You get time for repayment depending upon the deferment plan applicable to you. Such a deferment
Going to college takes a bunch of money these days! Invariably, most students end up with an amount due after their graduation and this amount will be more than the original borrowed amount. This is due to the fact many student loan include a deferment period. After all, how affordable would a [...]
Well both of my federal student loans are officially out of deferment. With about $31.8k in a consolidated Direct Loan @ 4.375% and about $13.4k in a Perkins Loan @ 5% the bulk of my monthly payment goes to cover more than $180 in interest. I get so focused on paying off my credit cards that I forget about the mountain of debt waiting for me once I'm 'out of debt'. Goodbye Debt, Hello.... Debt. At least the student loan interest is deductible. This is my first year paying taxes and I'm already sick of it. Plus hey, don't expect me to run out of debt reduction rants anytime soon!I've already started thinking about how I'm going to allocate debt reduction funds once the credit cards are paid off. Of the $1400 monthly snowball I plan to redirect at least $400 to my Roth IRA. Of the rema
The student loan deferment program is intact for now. News can be found on the AMA website here. Basically what this means is that at least for now and until the fall (an unspecified month) of 2008, we will be able to take advantage of the economic hardship deferment. The subsidized student loans will [...]
A college student loan has given many people all over the United States a chance to further their education, even if they are not making a lot of money. Education student loans can be a big help in paying for college, but what do you do if you find yourself in a position where you can't make the payments either because of a disability or because of economic hardship? A student loan deferment is basically a privilege that allows you some flexibility to repaying your student loans given your circumstances. To apply for deferment based on your economic situation, you must apply every year and prove why you deserve to have your repayment stalled. Here are some eligibility criteria for a student loan deferment:1. Pregnant or Caring For a NewbornTending to a newborn or pregnancy has its own set of challenges. If you are not working, no longer in school, and have attended school within the last 6 months for at least halt-time, you may qualify for the parental leave student loan deferment.
