These states will pay off your student loan debt if you buy a home there

Ruben Onsu

These states will pay off your student loan debt if you buy a home there

If you’re one of the millions of Americans struggling to pay off student loans, you could see some of that debt disappear if you buy a home in certain parts of the country.

Some state mortgage programs are offering borrowers thousands of dollars in student debt relief in hopes of luring new homebuyers and increasing homeownership rates among people with low and moderate incomes. Often, down payment assistance is provided, too.

The student loan payoff help is real and available right now — as opposed

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Cash-out refinance vs. home equity loan: Which to pick

Ruben Onsu

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Cash-out refinancing and home equity loans can both help you turn your home equity into cash. One replaces your existing mortgage loan, while the other is a second loan. (iStock)

If you’re looking for a way to tap your home equity, cash-out refinances and home equity loans are two

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VW ordered to pay customer back for a loan on a dirty diesel

Ruben Onsu

Volkswagen is being made to pay back interest to customers who financed cars affected by Dieselgate.


Volkswagen

Volkswagen has been putting vast amounts of money into electric vehicles in order to distance itself from the huge diesel cheating scandal that it wrought back in 2015. However, even now, that colossally bad decision is still having consequences.

The latest set of consequences involves people who took out loans to finance the purchase of a car that later became a part of the Dieselgate scandal. According to a report published by Reuters on Tuesday, a German court has mandated that VW

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JPMorgan (JPM) earnings Q1 2021 smash estimates

Ruben Onsu

JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop.

The bank posted first-quarter profit of $14.3 billion, or $4.50 a share including a $1.28 per share benefit from the reserve release, higher than the $3.10 per share expected by analysts surveyed by Refinitiv. Excluding the impact of a $550 million charitable contribution, which lowered earnings by 9 cents, the bank earned an adjusted figure of $4.59, exceeding the $3.10 estimate.

Companywide revenue of $33.12

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Canceling $50,000 in student loan debt could wipe out burden for 84% of borrowers

Ruben Onsu

Canceling $50,000 in student loan debt would wipe out the entire burden for 36 million borrowers. That’s according to new data from the Department of Education, released Tuesday by Senator Elizabeth Warren. 

By comparison, wiping out $10,000 in student loan debt would provide full relief for 15 million borrowers. Warren had requested the data in a letter to Education Secretary Miguel Cardona earlier this month. 

The Massachusetts Democrat held her first hearing as chairwoman of the Senate Banking Committee’s Subcommittee on Economic Policy, which focused on the student loan crisis in the United States. Of the 36 million borrowers who

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$50K of student loan forgiveness would wipe out federal debt for 36M, new data shows

Ruben Onsu

Key context: Warren and other Democrats, including Senate Majority Leader Chuck Schumer, have been pressing President Joe Biden to use executive authority to cancel student loan debt. The Biden administration has said it’s reviewing the issue.

The data provides more granular insight into how sweeping student loan forgiveness would affect the federal government’s $1.5 trillion student loan portfolio than is available from the department’s existing public datasets.

Less expansive student loan cancellation of $10,000 per borrower — which Biden backed on the campaign trail — would completely wipe out the debts of 15 million borrowers. About 4.6 million of those

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