When you begin repaying your federal student loans, you will need to select a repayment option. In the past, the federal government offered only one option: a standard repayment plan where you paid a fixed amount each month for 10 years. Now, the federal government offers an assortment of flexible r [...]
Your actual student loan payments aren't deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2018, the maximum deduction is $2,500. You don't need to itemize to claim this deduction. To qualify, you must meet a few requirements: First, the student loan on [...]
Dear Valued Client, In this rapidly changing situation, I want to assure you Woodmen Financial Resources is maintaining regular business operations to ensure we continue to serve you. First, I wish you, your family, and your community well during this unprecedented time. The health and safety of our [...]
You vaguely remember signing a form every year at college registration time. Now that you've graduated, it's all become painfully clear--those forms were promissory notes detailing your student loan obligations. Your loans aren't going away, and you'll want to repay them as quickly as possible. So w [...]
Most people face this question at some time in their lives. Buying a home is part of the American dream. It's also one of the biggest financial investments you'll ever make. One of the main advantages of buying a home is that you build equity in your property. For example, if you paid rent at $1,000 [...]
Finding the right home to buy can be a challenging prospect, but knowing what to expect can make the process easier. You can (1) buy through agents representing the seller and/or use a buyer's broker, (2) buy directly from an owner, or (3) shop the auctions and foreclosure sales. Once you find the h [...]
No, you can't refinance student loans. However, if you have multiple federal student loans, federal consolidation of your loans may make your debt more manageable. To be eligible for federal loan consolidation, you must have at least one federal student loan in grace, repayment, deferment, or defaul [...]
Whether you’re a farmer or a metropolitan business owner, some people spend their lives in and out of banks getting loans and paying them back. But did you know that it’s possible to borrow from yourself instead? Tune in to learn how Mary Jo Irmen helps people like farmers with huge operating expens [...]
Since most people finance their home purchases, buying a home usually involves getting a mortgage. A mortgage is an interest in property created by a written document that secures the repayment of a loan. When you take out a mortgage loan to buy a home, the home becomes the collateral for the loan. [...]
