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.
November 19, 2013
The recent jobs report was stronger than expected this week. Good for those seeking seasonal employment, not so great for house hunters or those looking to refinance their home mortgage. The jobs report is an indicator that the United States economy is strengthening. A stronger economy inflates interest rates, hence ... [ more ]
October 23, 2013
Interest on a typical payday loan can run over 500% APR. Why would anyone take a payday loan when even a high-interest credit card is only around 35% APR? To put it simply, payday loans are available when there are no other options. If you have a low credit score... If you have ... [ more ]
October 18, 2013
Following a government shut down the average 30-year mortgage rate rose to 4.28 percent this week with hopes to fall now that government is back up and running. This is up .05% from the previous week. Though the rates have gone up they still linger around the lows we are ... [ more ]