First-generation homebuyers can now apply for down payment assistance through a new statewide program. The Michigan State Housing Development Authority (MSHDA) announced the launch of a pilot program ...

Discover the risks and mechanisms of negatively amortizing loans, where payments may increase debt. Understand these loans to ...

Sallie Mae is bringing back an option that lets students wait until after graduation to start repaying loans. The private student lender, formally known as SLM Corp., had done away with its signature ...

As the nation takes stock of its economic health, a troubling figure demands urgent attention. As of now, loans worth Nu 33 billion remain under deferment. Nearly 6,000 borrowers—ranging from large ...

The funds can help cover upfront home buying expenses, including down payments and closing costs. Eligible buyers can get a deferred loan up to $25,000. First-generation homebuyers can now apply for ...