The other day, WWJ's Murray Feldman shared that with interest rates trending down, many homeowners could refinance. However, he said 1 in 4 refinancing applications are denied, often due to a high debt to income ratio . Your bills, expenses, etc, should be between 36% and 43% of your income.
Podcast: The Feldman Report - The refinancing boom (3/17)
Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
3/21/20
11/10/18
Student Loan Forgiveness
I have worked for nonprofits pretty much all my life and will likely qualify for loan forgiveness through this Federal program. As I looked through the application and eligibility forms, it definitely seems complicated. And there's some pretty specific eligibility requirements, include a decade working full time for a 501(c)(3) and a good repayment history.
Still, it can be worth it for people who have debilitating debt. As with most things, I say apply and let somebody else shoot you down.
Still, it can be worth it for people who have debilitating debt. As with most things, I say apply and let somebody else shoot you down.
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
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