FAP747: Free music video from Matthew Ebel
February 29, 2008
FAP747: Free music video from Matthew Ebel
Free Stuff Friday
+ Since I’m still on vacation, I thought I’d make downloadable this music video I shot last weekend of Matthew Ebel singing at AS220 in Providence.
+ There’s a YouTube version as well.
+ From the album Beer & Coffee by Matthew Ebel
Did you enjoy today’s show? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to download it every day.
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Reminders
+ Student Loan Network $10,000 Scholarship - Apply in 32 seconds or less!
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Grad student? Get graduate financial aid information at the GradLoans.com blog!
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ The Financial Aid Podcast is a publication of the Student Loan Network.
I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208.
Technorati Tags: financial aid financialaidpodcast
What is a Libor Loan?
February 29, 2008
Libor, which stands for “London InterBank Offered Rate,” is ultimately an adjustable mortgage rate. Libor Loan interest rates are calculated by using the current interest rate in the country. Libor Loans are often compared to the United States’ 1-Year Treasury Security Index. What differs, however, is Libor offers different term periods. You can choose from a 10 year loan that is quoted for 1, 3, 6 and 12 month periods.
Why is a Libor Loan beneficial?
Libor loans let you take advantage of just paying interest on your loan until the term is through. Meaning, you don’t have to pay the principal portion of your loan for up to 10 (or more) years. This saves money and lets you have more spending money during the term of your loan. Since the monthly payment is so low, it allows more flexibility with your finances. In some cases it may also be more beneficial because you can get tax benefits. The Libor loan also contains some unique features:
- Initial Interest Rate- The initial interest rate will stay constant for six to ten months, kind of like how an ARM would work.
- Adjustment Period- After the initial months of the constant interest rate, the interest rate will change depending on the market.
- Rate Caps- A rate cap will limit how much an interest rate can change. They usually consist of: 1% for 6 months, 2% on 1-2 years, and over 5% if longer then 7 years.
- Maximum Rate- The absolutely highest the interest rate is allowed to get.
- Attractive Buydowns- If you take out a long Libor you can usually buy down the interest rate, kind of like buying discount points.
- Negative Amortization does not exist on a Libor.
- High Index Volatility- The interest rate is more volatile then US Government issued securities.
If all these seem like a good option to you then you should consider taking out a Libor loan.
Additional Resources:
adjustable mortgage, initial interest rate, libor loan, loan interest rates, london interbank offered rate, negative amortization, security indexFAP746: Best of FAP: Dr. Kristan Venegas
February 28, 2008
FAP746: Best of FAP: Expert interview with Dr. Kristan Venegas
In this featured episode, I spoke with Dr. Kristan Venegas of USC.
Dr. Venegas’ work has been supported by the James Irvine Foundation, the Lumina Foundation, the College Board, and the Congressional Advisory Committee on Student Financial Aid. Her recent publications have been featured in American Academic, American Behavioral Scientist, and Journal of Student Financial Aid. We talk about financial aid, accessibility, and affordability of college in this fantastic interview.
Listen now:
Did you enjoy today’s show? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to download it every day.
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Direct MP3 file download: Click here to download the MP3
Reminders
+ Student Loan Network $10,000 Scholarship - Apply in 32 seconds or less!
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Grad student? Get graduate financial aid information at the GradLoans.com blog!
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ The Financial Aid Podcast is a publication of the Student Loan Network.
I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208.
Technorati Tags: financial aid financialaidpodcast
Can I Refinance My Mortgage for a Higher Amount?
February 27, 2008
After years of paying for a mortgage many find that they are sick of high payments and most of the time they want to lower their bills. A great way to achieve lower bills is by refinancing your mortgage. When you refinance a mortgage you are hoping to get a lower rate and payment by extending the length of your mortgage. Getting a higher amount of funding can be difficult if you have any scratches to your financial record. The ideal way would be to get a higher amount of lending at the same monthly payments. Lending companies will not be prepared to offer you more money with lower payments.
Refinancing
Knowing about the option to refinance can be very helpful in lowering your monthly payments and getting you a better rate. When people have a mortgage most of the time they make a decision to refinance the amount of money that they have left on their mortgage for the same length or a short time period. Doing this can lower your monthly payments by a great amount saving you more over time. Most find that by refinancing they can get the money that they need to pay bills. Refinancing is also a great way to build equity in the home that you have a mortgage for or drawing on equity that you already have in the home.
What is Cash-Out Refinancing?
When one has equity within a house they have a lot of options when it comes time to refinance. A common way to receive funds on the equity built in your home is by cash-out refinancing. With this option you are able to get the cash that you need after closing. This is a great way to cover needs such at education costs, home improvement costs, debt consolidation, or a down-payment on a second home. Lenders typically require that the home owner have a minimum percentage of equity that has accumulated in the home. For more information on equity take a look here for some useful information.
Things to Know About Refinancing
- Lower interest rates can be obtained.
- Equity can be built faster by refinancing.
- Refinancing can get you a different type of loan.
- By refinancing you can get the money that you need.
Additional Resources
Equity, Home Loan, home loans, Mortgage, Mortgage Refinancing, mortgages, Refinance, RefinancingAPPLYING FOR A PAYDAY LOAN
February 27, 2008
Applying for a payday loan is the easiest and fast way to get cash than any other loan that is out there. Payday loans were designed to be small, short term loans that anyone who is need of money in a hurry for any form of emergency like bills, debts or even medical emergency’s would apply. Payday loans are quick, fast and you are assured that you will get them right away. What you need when applying is important to know before going for a payday loan. First and foremost you will be given a form in which you will have to fill in the details. Secondly you have to have carried a copy of your identity card as well as the original which will help them know if you are an American citizen who is above the age of eighteen otherwise you can’t get the loan. Thirdly you will have to provide all your contact information which includes contacts for where you work, for your boss and most definitely where yours as well as information on where you live. After you have completed this easy process you will be eligible to get your payday loan immediately that is if your information is right and don’t try to falsify your information its better if you tell the truth.
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