Private Student Loan: Fast and Easy Alternative

Private student loan, which is also known as alternative college loans, is a fast and effective alternative to the federal student loan.

Private college loan is also becoming one of the quickest and easiest ways of paying your way to college. Private student loan is called as such because it is provided by private institutions such as private commercial banks and other lending institutions.

Another reason why such college loans are private is because it is not provided any guarantee by the federal or state government.

Many students run to private student loans simply because of the limited availability of the government student debts. The relative ease in getting private college loans make it a popular choice among students with financial needs to fulfill. Such loans are ready solution to the expenses that go with college education.

Another reason why private student loan is popular is that it does not need voluminous papers and documents to accomplish as compared to the government loans. This is one characteristic that makes private college loans to have a distinct advantage over federal loans.

Refinancing Emails

Just when I thought that I have gotten again one of those private student loan emails, here’s another one about some home loans..

The subjects says: You are approved! Fri, 22 Jun 2007 21:26:14 -0500

Now seeing this subject line, my initial thoughts was that it might have been some approval of my sites finally being listed on a directory. Then I eventually thought it is just a scam email, about a private student loan advertisement.

Indeed it was about a loan, but specifically about home loans..

Anyway, here is the body of the email..

Your Home Loan - APPROVED.Fri, 22 Jun 2007 21:26:14 -0500

Are you fed up with paying too much mortgage interest?

Why NOT Refiinance us with lower rate?

How can this be, when I have not applied any home loan for myself? And how where they able to get my email?

Actually I would understand it if they would be talking about private student loan, because I write about such loans, but housing loans?

This people are just wasting their time and energy spreading their spam messages.

We Value Our Clients and Build Relationships

For the majority of people a home mortgage is the largest debt obligation incurred in their lifetime and the manner in which this debt is managed will impact their long term financial well being. The selection of a mortgage product is a significant financial decision and should be undertaken with full knowledge of your options and how your choice will affect your long term objectives.

We live in a world based on immediate gratification and often we are underserved by the advisors we depend on to provide expert advice in a variety of areas. Our approach to mortgage banking and the loan process is unique; we view our loan process as financial planning specific to the mortgage transaction. We begin every client engagement with a personal consultation, which allows us to identify your priorities and objectives for the transaction. Our goal is to determine which loan products address both your short term and long term goals while meeting your payment and equity requirements.

Successfully closing your loan is only the first phase in a long term partnership with a long term view of ensuring your financial security. Our “preferred client for life” program is designed to assist you in managing your mortgage debt and equity on an annual basis. Annually we will conduct an annual review to ensure that your mortgage continues to meet your needs. It is important for us to understand the events in your life that affect your finances and how we can help you maximize your opportunities. We have designed our website to provide you with valuable information about the loan process, product choices, and how to make the most of your real estate investment.

Thank you for providing us with an opportunity to serve you.

Stop Paying Your Landlords Mortgage Payments. Now Is The Perfect Time To Buy A Home.

I have made a strong commitment to assisting first-time homebuyers in their quest to obtain the dream of homeownership by utilizing a variety of low interest, low cost assistance programs. We partner with County, State and Federal agencies along with Quasi-Governmental agencies to provide access to the mortgage products needed to serve a broad number of first-time home buyers.

I've marvel at the prospect of an individual choosing to rent in an environment that makes homeownership so attainable. If a person rents an apartment for $550 per month over five years they will have spent $33,000 with nothing to show in return. A person renting a single family home for $1,000 per month over five years will have spent $60,000 with nothing to show in return. Now, the landlord will be pleased to have interest paid, loan principal reduced, tax benefits received and equity appreciation gained thanks to the timely receipt of the renters hard earned dollars.

According to a study by the Metro Denver Economic Development Corporation as reported on their Monthly Economic Summary for March 2007: "the apartment vacancy rate in Metro Denver increased slightly from third quarter to fourth quarter but the fourth quarter 2006 vacancy rate of 7% stands well below the 7.9% vacancy rate reported a year earlier. For the year, the average vacancy rate in the seven-county region declined from 8.2% in 2005 to 7% in 2006. The study also reported that the last time the annual vacancy rate was lower than 7% was in 2001 when the metro region posted a 6.4% rate, and in the last five years about 25,000 rental units have been added to the market. The average monthly apartment rent also decreased from third quarter to fourth quarter. On an annual basis, the average apartment rental rate was 1.2% higher in 2006 than in 2005."
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The current trend of declining vacancy rates is expected to continue; add to that an increased rental rate, which some analysts have projected to increase as much as 4% over the next twelve months and you have an unfavorable environment for renters. The bottom-line is that the sales slump in the Colorado's housing market coupled with the general tightening in loan underwriting guidelines has resulted in fewer buyers, higher demand in rental units and increased rental rates. For renters who can qualify, now is the time to take advantage of low interest rates, increased inventory, seller incentives and a variety of assistance programs by purchasing a home now.

We emphasis the benefits of equity appreciation and the monthly cash flow benefits of owning a home as a result of interest and property tax deductions. I recently assisted a client who was struggling with the idea of increasing his monthly housing expense from his present rent of $1,500 to a new mortgage payment of $2,050; once he realized that the net effect of his tax deduction would return $408 in monthly cash flow his net increase was only $142 monthly to own a home of his own.

The rent vs. buy decision is much easier to make once a renter grasp these concepts including the wealth building aspect of equity appreciation. All else being equal, I cannot think of a reason why anyone would be better served renting as opposed to buying a home of their own.

For Information on how to obtain up to $25,000 in downpayment and closing cost assistance contact James A. Holmes, Director of Private Mortgage Banking, Cherry Creek Mortgage Company - The James Holmes Lending Team at or by calling me toll free at 888-850-6100 or email at

Act Private Student Loan

How is the private student loan different from government loan and financial aid? First of all, we know that while financial loans and scholarships in the United States abound for the benefit of many college students, it is not enough to cover all the expenses and costs that go with a college education. Suffice it to say that there is restriction to such financial aids.

There is also complicated and stringent means by which such financial loans and even the government college loans can be obtained. Add to this is the fact that student applicants for most financial aid and government loans must demonstrate financial need.

This is when the private student loan comes in. Specifically, there is the Act Alternative loan which requires no voluminous applications or too much time before it can be approved. Such private college loan is mainly not based on the need of the student. Therefore with this kind of private loans, not only are the students that have the most need financially are eligible.

An Act private college loan is available to any college student that attends a school that is TERI-approved. Likewise, many other private and non-conventional colleges and universities are providing such financial help, thus offering you the help in order for you to pursue your chosen educational goal.

A college degree is indeed worth all the private student loan programs that you will get just to obtain it. Education is certainly the best kind of investment that you can get for the sake of your future.

Private Student Loan Consolidation: Benefits

Private student loan programs are normally provided to students by banks and other financial institutions or private college loan consolidation companies for educational or college purposes. The rates of interest on this type of loan are quite high. This is why some would hesitate from taking such loans unless it is really necessary.

Credit report and history has an important role in the application of private student loan. If you or your family displays a bad credit score, then your chances of acquiring for yourself a great loan deal is not that great. And if you are able to consolidate private student loans, the rates of interests as well as the loan fees involved are exorbitant. In fact, the fees are 10 times higher than those from government loan agencies. Another important fact is that with private student loans, there is no tax relief that you can enjoy.

Benefits of Private Student Loan Consolidation

Private student loans are consolidated separately from the government loans. Merge all government debts in a consolidation program and all the private debts into a separate private student loan consolidation program.

The major advantages when you consolidate your student loans are as follows:

Instead of many loans, you now have to worry about just a single loan.

You can keep track of the payment dates that are due as well as the installments.

The combined monthly payments are less than the amount that you might be paying if you did not consolidated; it can be a saving of as much as 50%.

There is a chance for greater improvement in your credit ratings as you now have a single loan and credit company to deal with.

When you select the ideal private student debt consolidation scheme, you will be able to worry about less monthly payment.

Repayment of your loan is stretched for up to as long as 30 years.

Private Student Loan in Florida

Private student loan programs are now widely available in most states in the US, including the state of Florida. Such private college loans are basically available for those who have maximize their government aid option yet still require further financial help in their studies.

A college student’s eligibility for the private student loan is based on the status of his citizenship, credit history and other factors depending on the Florida Loan Company or institution that you have contacted and inquired at.

Florida private student loans are also based mainly on the credit history or report of the college student, along with other requirements and criteria. Therefore it is very important for you that a decent credit rating or report is maintained.

It is therefore advisable that before you apply for a private college loan, you communicate first with any one of the three major credit agencies. You may request for a credit report which you can use for verification purposes.

The three major credit agencies are the Trans-Union, Equifax and Experian. Any of these three agencies are only too willing to provide your with the credit report that you need.

There are many Florida lending companies that you can contact online. Search for a number of them on the internet, compare benefits and rates and choose the one that offers the best private student loan according to your needs.

Private Student Loan Consolidation: Lowering Repayment

Many students from colleges and universities all over the United States are opting to avail of private student loan programs in order to pursue their studies. And indeed, such private college loan programs are a great help in meeting all the expenses that goes with their education. However, many students encounter problems when it comes to the repayment of such debt. The good news is that with such repayment problems, an option to properly face them is to consolidate private student loans.

Many of them decide on acquiring private student loan consolidation for their debts. This program is very effective in lessening if not eliminating the difficulty involved in dealing with the financial responsibility of paying off the loans.

When you consolidate private student loans and extend the duration of your loan, you are lowering your monthly repayments by up to 50 percent. You are also offered the option to pay just the interests.

One option that borrowers avail to lessen their repayment load is applying for fixed rate student loan consolidation. They opt to get a competitive, low interest rate and then with a fixed rate consolidation, they are assured of a low and stable monthly payment, unlike in the case of variable rate debt consolidation.

An important advice however is to be aware that when you extend the duration of your repayments, the total amount of money that will pay will be much higher precisely because of a much longer period of which you are going to pay off your debts.

Hight Interest Rates on Private Student Loan

In these modern days, college and university students are given all the requirements that they need in their pursuit of education. More so in the case of their need for private student loan. Whether you get it from a commercial bank, private institutions or even an individual, private college loan programs are much available for your financial needs.

But in the case wherein there are students who have gotten their private student loan programs from the less established and recognized commercial banks, they are complaining about too much high interest rate for their private student loans. Obviously these are cases when the already financially strained student is further being ripped off by these loan companies.

The best thing that students suffering from these unfortunate incidents should do is to transfer their loan to a bank offering a much lower interest rate. However, your credit history should be considered on this regard. Check on your credit advisor if transfering your private student loan will have any significant effect on your credit report. What’s important is that you address the problem of unnecessary difficulty in repayment because of unfair high interest rates.