What The “Clear To Close” Letter Represents

As you progress through the home-buying process, you will receive letters from lenders at significant steps along the way. A pre-qualification letter gives you a general idea of the size of mortgage you can acquire, while a pre-approval letter means that the lender has done a more thorough review of your finances and determined that…
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Defaulting On Student Loans May Lead To The Loss Of Your Home

If you were owed $137 billion by eight million people who showed little or no evidence that they ever planned to repay, you would probably take drastic measures to recoup that money. That’s the perspective of the U.S. government with respect to student loans. The dollar total of defaulted student loans has reached $137 billion…
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What Are The Fees Associated With Personal Loans?

Many sources are available to define and outline the fees that are associated with mortgage loans, but what about personal loans? Generally, personal loans are unsecured loans that are not tied to any form of collateral that can be taken over by the lender in case of default, such as a house with a mortgage…
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IRS Tool Shutdown Causes Big Problems For Student Loan Borrowers

Student Loan Crisis Introduction Student loans are making news, usually not good. While many students and their families took note of what the Trump Administration might do, such as ending the Public Service Loan Forgiveness program, they may have missed important student loan developments. As we celebrate graduations and National Higher Education Day (June 6),…
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How To Report A Loved One’s Death To Credit Bureaus

The death of a loved one is a very traumatic experience. Credit concerns and/or identity theft are nowhere near the top of your list of concerns when you lose a spouse or a child — nor should they be. However, there are important steps that you must take quickly to avoid identity theft and fraud…
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