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Of all the issues that could divide Massachusetts voters, we didn't think housing would be it.
Borrowers around the country are turning to private lenders to help pay for college since the Trump administration imposed new limits on federal student loans. Changes that took effect this fall for the federal loan program include caps on loans for particular programs as well as limits on the amount parents can borrow to pay for their children’s schooling. Generally, loans from the federal government offer more flexible repayment terms, the possibility of forgiveness after 10 years in public service, and often have lower interest rates.
See Friday’s report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop
By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.
