What is a Loan Servicer and How Do They Help Borrowers?

What is a Loan Servicer and How Do They Help Borrowers?

If you have a federal student loan, your loan servicer is your go-to resource for everything from repayment plans to loan consolidation. Checkout this video: Introduction A loan servicer is a company that manages the day-to-day operations of your loan, including collecting payments, responding to customer service inquiries, and processing loan modifications. Your loan servicer…

What is a Direct Plus Loan?

What is a Direct Plus Loan?

A Direct Plus Loan is a federal student loan that allows parents and guardians to help cover the cost of their child’s education. If you’re considering taking out a Direct Plus Loan, here’s what you need to know. Checkout this video: What is a Direct Plus Loan? A Direct PLUS Loan is a federal student…

What is a Balloon Loan?

What is a Balloon Loan?

A balloon loan is a type of mortgage where the monthly payments are relatively small, but the full balance is due at the end of the loan’s term. Checkout this video: What is a Balloon Loan? A balloon loan is a type of loan that is generally repaid in a lump sum at the end…