Loans for Every Occasion: Home Loans, Payday Loans, Student Loans and more …

At some point in life, it is almost guaranteed that you will be applying for a loan of some sort. Paying cash for products and services is not only becoming obsolete, it's terribly inconvenient. Today, credit is a way of life, and as more and more people begin to shop online, plastic is the currency accepted everywhere.

The most basic of loans is of course, the credit card. Companies that issue credit cards make money every month that you carry a balance, and they are betting on the fact that you won't pay off the balance every month.

Some loans actually make good business sense. Why would anyone want to shell out $ 300,000 for a new home when they could get a Home Loan and pay $ 1,000.00 a month, and then deduct the interest paid from their income taxes? That three hundred grand could be put to work in other investments, and could conceivably earn more for you than you are actually paying for the house! And all that time, if you time it right, your house becomes more and more valuable.

There are also times when for many people things just aren't going well financially. An unexpected expense occurs and you find yourself just coming up short on your living expenses. Many types of loans exist for this type of situation, both secured and unsecured.

Maybe you just need some quick cash to get through the holidays, and intend to pay the loan off within the next few pay periods. Companies offering short term Payday Loans abound both on the Internet and off. Some with no credit check will transfer up to $ 1,500 into your bank account within 24 hours.

Student loans , auto loans, small business loans, personal loans, home loans, second mortgages, payday loans, government loans, bad credit loans, loans to consolidate other loans – there is a loan for just about any occasion out there.

The question is how much are you going to pay for your loan? And the answer to that depends in most cases on your credit history.

Your Credit History: Weather or not you get the loan, and how much it will cost you. It is never too early to start establishing credit, and the best way to do this is with a credit card. If you are finding it difficult to obtain a credit card because you have no history, you can always buy your history by applying for a secured credit card or line of credit. Put down $ 500 or $ 1,000 and borrow against it. Make sure the institution you are applying to reports to the major credit bureaus, use the line of credit and pay your bills on time, and voila – you have a credit history! There is nothing wrong with carrying a balance over, just pay the minimum or a bit more, and pay it on time! Creditors like to think they will be making some money off of you.

What Lenders

Home Buyer Grants and Loans for the Disabled

Looking for housing, paying the mortgage, maintenance and bill payment can be a daunting task for low income earners especially with disability problem. The US government, state agencies and nonprofit organizations offer financial assistance, guidance, counseling and other necessary support to the disables through varied grants and loan programs for the purchase of home, paying home debts, mortgages, acquiring equipment, home repairs and improvement and other such dwelling necessities. With these grants a descent living even with limited economy seems to be affordable now.

Housing Grants for the Disabled

Department of Housing and Urban Development

There are many grant funded programs offered through the Department of Housing and Urban Development (HUD) for helping individuals with disabilities. They provide help in house purchase, renting a home and also assistance in obtaining housing vouchers. The federal housing program provides financial help to medium or low-income families in renting or purchase of a house. The main goal of this program is to make renting and purchase affordable for people with limited economy. The section 8 in the program proposes subsidies for both home owners and tenants. The Homeownership Voucher program helps the low-income disabled by providing vouchers for reducing the monthly mortgage payment or house rent.

The program can be availed by contacting the local public housing authority (PHA) and in case the PHA's don't offer ownership as an option, housing counselors can be contacted in the respective state. They are appointed by HUD and are certified to assist individuals with housing needs.

Habitat for Humanity

Habitat for Humanity is an option for disabled or low-income individuals in getting aid with down payments or mortgage payments. They can also provide other assistance such as zero-step entries, wide doorways and other needs. This is a global Christian non-profit organization that specializes in building accessible homes, through the mortgages being given through local, private, state and federal sources, volunteer work and donations. If selected by the Habitat for Humanity's family selection committee, then the organization will build the home.

The Habitat for Humanity has already built more than 250,000 houses all around the world, helping more than 1 million people spread across 3,000 communities to achieve a decent and affordable shelter. If you are also in need of a residence, apply for it today as after the initial application an average of 18 months is required for the Habitat for Humanity owners for attaining occupancy.

Home Ownership Voucher Program

Low level or moderate income disable families can now buy their shelter through the Home Ownership Voucher Program which is linked with the Department of Housing and Urban Development. Though not free of charge, this program enables in fulfilling monthly mortgage payments for the first time home buyers. The eligibility criteria for the program are:

• Applicants need to owe a home for the first time

• No family member should have had home ownership interest in the previous three years excepting displaced homemakers or single parents

• At least one member of the family must …

PBS Reports On Student Loans – A Leftist Slant Of Reality

As a conservative or right-leaning gentleman, I can sniff out leftist propaganda quite easily, and mind you, that's not so hard, considering it is virtually everywhere in our society and has infiltrated our corporations, government and even our own families. Yes, everyone has their point-of-view (POV) on politics and that is perfectly acceptable – except for one thing, on the left it really isn't someone's actual POV, rather it is one of a brainwashed mindset from repetition, false argument and propaganda. Let's take this growing and out-of-control college student loan crisis we are in today.

Did you know that nearly 50% of all student loans are in default or not a single payment has ever been made, with a huge chunk of the outstanding $ 1.35 Trillion – yes, that's correct with a "T" – hasn't shown a payment in over 7-years? We are told, or were told by the Obama Administration that employment is at an all-time-high, now at just over 4%, well then how come no one is paying on their student loans, not even small payments to stay at least in the game?

Now then, there is a YouTube video: "PBS Looks Into The Student Loan Problem," on the Credit Care Channel, which goes on and on about how Sally Mae collection personnel are misadvising debtors to pay their loans before their rent, health care insurance or house payments, and how borrowers did not understand that it was a bad idea to do that. The 25+ minute video makes the student loan borrowers look like victims? What? They are not the victims, we the taxpayers are in many cases, as we are guaranteeing those loans, no not all, but a portion of them.

One estimate was that the taxpayers are on the hook for about $ 108 Billion of the already in default student loans, ouch. What do I think of this? Well, I think PBS, yes, also partly funded by the taxpayer is making things worse, and their documentaries on this topic are a very leftist view point, following the likes of Hillary Clinton and Bernie Sanders who basically told voters that if they voted them into office there would be forgiven student loans and free-college for everyone.

But, why does PBS make these borrows out as victims, they are not, they owe the money, the taxpayer should NOT bailout this abuse of our system by students, leftists in politics and students. Academia is to blame too, those know-it-alls claiming they care about the kids, BS they care about their pensions, tenure and leftist politics.

If these colleges would teach "Financial Literacy" along with other requirements to get a degree, maybe their students wouldn't be such deadbeat consumers. Instead academia teaches leftist socialism, brainwashing students. Maybe, it's okay if the college loan crisis debt bomb bubble pops, NO taxpayer bailouts … We have an academic university system out-of-control partly funded by taxpayers, as the tenured professors act high-and-mighty, but hide out in academia, never having had …

Free Grants and Loans For Pregnant Women

Pregnancy is a package of joy for the expecting mother, but concerns over financial matters can be quite perturbing and troublesome. The prenatal and postnatal period can prove to be highly expensive, especially for single or income earning mothers. Expenses like food or baby supplies, medical care, housing, college, nutrition, paying debts and others require financial assistance. The U.S. government thus, provides social programs, loans, grants for expecting mothers through several federal, local and state agencies for the best aid possible during these crucial periods.

Housing Grants

For birthing or expecting mothers and their children, the U.S. government offers housing assistance for an affordable and secured living. Moreover, the government also helps pay off housing debts, overdue mortgage or rents. The Florida Department of Children and Families extend aid to pregnant mothers to pay their due mortgage, to secure funds for rent and afford a living. You may also check the Home Energy Assistance Programs, HUD and Grants.gov site for the multiple grants offered. Moreover, several nonprofit organizations, charities, local and state agencies and women care associations also offer many housing options to choose as per your requirement.

Educational Grants

Several married women, single mothers and pregnant mothers are looking forward to attending college to attain higher degrees for a financially secured living. However, it can be an expensive decision and cost prohibitive for the mothers handling multiple responsibilities. Birthing mothers can now apply for federal student aid affiliated by the U.S. Department of Education under the grant Free Application for Federal Student Aid (FAFSA). The U.S. government has initiated several other grant programs to help them attain their educational qualifications with the financial assistance required to meet the expenses of learning.

· Scholarships For Moms

· Patsy Takemoto Mink Program

· Emerge Scholarship Program

· Academic Competitiveness Grant

· Julianne Malveaux Scholarship

· R.O.S.E. Scholarship

· Pell Grants

· Women’s Independence Scholarship Program

· The Jeannette Rankin Foundation Scholarships

· American Association of University Women

· SWE Scholarship Program

Health, Nutrition and Food Grant

Pregnant mothers often need medical, nutritional and health care for both, the child and herself. The country offers a plethora of federal and state government programs that meet the expenses of the prenatal and postnatal care. The ‘Maternal and Child Health Services Block Grant to the States’ provided by the Department of Health and Human Services endows pregnant women with health care benefits. Being an expectant mother you can now look for pregnancy, health, nutrition, insurance and other such programs with ease in your state and avail the benefits. Another important grant – ‘Commodity Supplemental Food Program’ offers food to below or low income pregnant women through the state agencies. Just contact your State Department of Health. Some essential agencies offering health resources are:

· Child Welfare Agency

· Food Stamp Program

· Child Nutrition Programs

· Women Infants and Children Program

· Child Health Insurance Program

· Department of Education

· Food Banks

· Breast and Cervical Cancer Detection programs

· Medicaid

Personal

Introduction to Business Loans

Business loans refer to the transfer of funds from a lender, usually a financial institution, to a borrower. In this case, the borrowers are businesses and the financial institutions are banks. The interest to be paid and the schedule of repayment are decided by the bankers and the borrower agrees to those terms. Lenders may offer unsecured or secured loans. Secured loans require collateral, which are generally personal assets, such as the home of the borrower. However, when talking about business loans, collateral is something owned by the business – machinery, real estate,

There are many reasons for businesses to get a loan. Some may require additional funds for the expansion of the business, or offering additional services, while others would need funds for making various small or big purchases. Lenders take quite a few factors into consideration while extending these loans. First, they would check the credit worthiness of the business. They would also evaluate how far the business has been successful and the likelihood of its being profitable. Procuring loans for a new company is indeed very challenging, and the credit history of the individual borrower is almost the sole criteria for taking the decision.

As the lender would naturally like to ensure that the borrower has the capacity to pay back the borrowed money, the borrowers need to fulfill some very strict prerequisites for availing the loans.

If the risks connected with the loan are rather high, it is generally a better option to seek investors from within the family or the social circle that could lend money or buy a part of the business. Banks are certainly not keen to offer loans carrying a high risk. Small businesses needing smaller loans could check with government sources that lend money, or other companies offering micro-loans, as their perquisites for extending loans are not so tough.

Businesses that get loans at the time of getting started have the advantage of building their credit history as the business grows. As in case of personal loans, businesses too must ensure to pay back the borrowed funds within the stipulated time. Failure to make timely payments harms the credit history of the business, making it difficult to procure any business loans in the future. Banks plus other lending institutions not only consider the credit rating of the business, but also its profits in the past as well as the profit the business is likely to make when being granted the loan.

As far as the citizens of the US are concerned, those that are looking for loans in order to start a new business or continuing with the present one should look into a good source before approaching any banks. The US Small Business Administration is a government body that provides financial support to small business. Though everybody may not be granted help via this program, one should certainly make a sincere effort and try, as the loans available under this program carry a lower rate of interest, and the terms …

Free Government Loans – Grant Money That Never Has to Be Paid Back

Free government loans…is this an oxymoron or what? I mean the definition of the word “loan” is something you are required to pay back, while “free” means you don’t have to pay. There is no wonder that many American citizens are reluctant to believe that there are free government loans available to them, there are not. However, you may still be eligible to receive hundreds of thousands of dollars in free government money, and never have to pay it back. The misinterpretation is in the terminology used to describe government free grant programs.

The free government loans that are commonly dismissed by thousands of qualified would be applicant each year due to disbelief, are actually free government grant programs. While the application process for free grant awards is quite similar to that of the loan process, and you will receive generous funding and supplemental income support if found eligible to qualify, there is one major and extreme difference between government loans and government grants. A loan must be paid back with interest, and a free grant is just that…free money, granted to you.

For obvious reasons a government grant may be much more appealing to those interested in acquiring supplemental monetary support when embarking upon any number of financial endeavors, or trying to overcome monetary obstacles and relieve themselves of debt. I mean if you didn’t need money, you wouldn’t be looking for it right? So who wouldn’t prefer not having to pay your loans back? With the ready availability of free cash awards through magnificent programs like single mothers grants, minority grants, first time home buyers grants, small business grants, and hundreds more, the most sensible first step to take when exploring finance options is achieving free government grants.

Even though free government money is a very appealing option, not all will qualify. But all hope is not lost for the rejected applicant, because there is definitely something to be said for government loans too. The first thing to be said is, they are not free. Let us just dispel that notion once and for all. As we’ve already talked about, the only “free government loan” is not a loan at all, it’s a grant. Government loans do indeed require repayment. However, the interest rates are considerably lower than that of banks, credit unions, or private lenders, and you eliminate your need to provide any form of collateral.

Sometimes, depending on your acceptable needs and desires, you may be able to obtain both government loans and free grants to support whatever cause you may be working on. Do a free grant search online and see what is available to you in your area. And now that you know the difference, you should be able to find all the opportunities you need, and believe in them.

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Small Business Loan Update – Stimulus Bill Helps Bailout Businesses If They Cannot Pay Loans

As we continue to sift dutifully through the over 1,000 pages of the stimulus bill (American Recovery and Reinvestment Act of 2009), there is one provision that is not getting much attention, but could be very helpful to small businesses. If you are a small business and have received an SBA loan from your local banker, but are having trouble making payments, you can get a "stabilization loan". That's right; Finally some bailout money goes into the hands of the small business owner, instead of going down the proverbial deep hole of the stock market or large banks. But don't get too excited. It is limited to very specific instances and is not available for vast majority of business owners.

There are some news articles that boldly claim the SBA will now provide relief if you have an existing business loan and are having trouble making the payments. This is not a true statement and needs to be clarified. As seen in more detail in this article, this is wrong because it applies to troubled loans made in the future, not existing ones.

Here is how it works. Assume you were one of the lucky few that find a bank to make a SBA loan. You proceed on your merry way but run into tough economic times and find it hard to repay. Remember these are not conventional loans but loans from an SBA licensed lender that are guaranteed for default by the US government through the SBA (depending upon the loan, between 50% and 90%). Under the new stimulus bill, the SBA might come to your rescue. You will be able to get a new loan which will pay-off the existing balance on extremely favorable terms, buying more time to revitalize your business and get back in the saddle. Sound too good to be true? Well, you be the judge. Here are some of the features:

1. Does not apply to SBA loans taken out before the stimulus bill. As to non-SBA loans, they can be before or after the bill's enactment.

2. Does it apply to SBA guaranteed loans or non-SBA conventional loans as well? We don't know for sure. This statute simply says it applies to a "small business concern that meets the eligibility standards and section 7 (a) of the Small Business Act" (Section 506 (c) of the new Act). That contains pages and pages of requirements which could apply to both types of loans. Based on some of the preliminary reports from the SBA, it appears it applies to both SBA and non-SBA loans.

3. These monies are subject to availability in the funding of Congress. Some think the way we are going with our Federal bailout, we are going be out of money before the economy we are trying to save.

4. You don't get these monies unless you are a viable business. Boy, you can drive a truck through that phrase. Our friends at the SBA will determine if you are "viable" (imagine …