Student Loans: What is a Direct Stafford Loan?

Direct Stafford Loan is one of the common student loans available to undergraduate and graduates students in U.S.  Direct Stafford Loan is a federal student loan and it is guaranteed by the U.S government.  Direct Stafford Loans can also be referred to as Direct Loans. The interest rates on the loans are usually fixed and are lower than that of private loans. So, if you are a graduate or undergraduate student seeking for student loans, Direct Stafford Loan can actually be a good option for you as this will help you save some cost on interest payments. Not just because Continue ReadingStudent Loans: What is a Direct Stafford Loan?

Reverse Mortgage: What is a reverse mortgage?

A reverse mortgage is a special type of home equity loan that is available to senior citizens of 62 year and above. Unlike the conventional mortgage loans where you are given a loan upfront and you start and continue to pay monthly instalments over the loan period, the reverse is in the case for reverse mortgage. In the case of reverse mortgage, you don’t need to pay b the home. Instead of you paying back the loan, it is your lender that pays you based on your payment option while the interest accrues on the loan. However, reverse mortgage is Continue ReadingReverse Mortgage: What is a reverse mortgage?

Pet Insurance: Basic Facts You Need to Know

Although the rate at which people buy pet insurance is still very low compared to other types of insurance, the industry has actually started to grow. This may not be unconnected to the growing costs of the veterinary care across the country. When I was about writing this article, I actually came across some statistics which I will like to share with you. With the statistics, you may likely conclude the same way I did that pet insurance industry will continue to grow for some years to come. I understood from the 2016 Pet Insurance Statistics that one out of Continue ReadingPet Insurance: Basic Facts You Need to Know