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Mortgages come in many varieties. One lesser-known type of mortgage is the balloon payment mortgage, sometimes called simply a balloon mortgage. Often a mystery to home buyers, this type of mortgage comes with unusual terms, a potential for huge savings, and…
I graduated with an MFA in 2008 and a loan balance of around $37,000 from my master’s and undergrad programs combined. For the next few years, my federal student loans were a constant source of stress. I felt like I…
When I was in college, every semester I received a check from the federal government for text books and living expenses (read: beer). I didn’t give much thought to how I was going to pay the student loans back until…
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