November 15, 2012
In a press release from New York Governor Andrew Cuomo earlier this week, the New York State Higher Education Services Corporation (HESC) was directed to grant temporary relief of student loans to New Yorkers who have fallen victim to the affects of Hurricane Sandy. Residents from Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland Suffolk and Westchester counties are eligible to receive a 90 day grace period on their student loan payments, if requested. The grace period extends from October 27th, 2012 to January 25th, 2013. Additionally, military members who were called to assist in the aftermath of the hurricane will be eligible for the grace period as well.
Borrowers should contact HESC to request a temporary suspension by calling 1-866-991-HESC (4372) or by emailing Dept736@hesc.ny.gov. A specific option has been added to the toll free number for Hurricane Sandy victims.
May 20, 2013
Freddie Mac, the mortgage buyer, announced today that 30-year mortgage rates have risen to an average of 3.51 percent today. This is up from 3.42 the previous two weeks. The mortgage rates still remain close the the historical lows and have not caused consumers to stop buying new homes. The ... [ more ]
May 17, 2013
You can pay hundreds of dollars annually in interest on different credit card purchases so paying credit card fees can only add to the frustration. Most of these can be lowered or avoided completely if you do your research ahead of time. We have listed five credit card fees that ... [ more ]
May 13, 2013
If you are a small business owner, you have likely been hit hard throughout the economic downturn in recent years. Since the Fannie Mae and Freddy Mac lending debacle loans of all kinds dried up, seemingly overnight. The loan environment for merchants and small business owners has been very bleak ... [ more ]