Government programs have come under fire recently for their poor performance in terms of loan modifications. Data shows that over 70% of modified loans fall back into default as soon as the modification period ends. While it is important to explore the reasons people default on mortgages, it should also be noted that borrowers, whose principals were reduced were far…
Month: August 2017
Student Loans: Is it Worth it to go Into Debt to go to College?
Going to school without loans today is something seen by the masses as an idea only for the rich or very talented. However, when we look into why it is that people choose to go into debt for school, even for those with no other responsibilities, it is odd that loans are taken out at all. Why do People get…