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Loan

Buying a home might seem next to impossible for millennials and Gen Z, but realtor Chris Tran has a few tips to get into your first home in your twenties, including building your savings, paying off loans, and asking for help from a co-signer if you have one.

If you’re about to buy a house, there are a few things @mguerrerorealestate wants to you avoid to get the best interest rate. Changing jobs, buying a new car, and co-signing on another loan are all things you should wait to do until you close.

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As things stand now, student loan borrowers are mostly barred from discharging their loans through bankruptcy. However, under the proposed FRESH START through Bankruptcy Act, borrowers can get their federal loan debts discharged if they prove that the debt caused “undue hardship” during the first 10 years of payment.

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When you co-sign a credit card or a loan, the entire debt goes on your credit report. So, as far as lenders are concerned, you’re carrying that debt yourself, and it will be included in your debt load when you apply for a mortgage, credit card or any other form of credit, says John Ulzheimer, a former credit industry executive and president of The Ulzheimer Group.

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This method is similar to our first one. You’ll still sell your vehicle to a dealership, but leave with another vehicle as a new lease or purchase. Consider going this route if your current leased vehicle isn’t working out, but you still need a car.

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While the coronavirus pandemic has wreaked havoc on many parts of life this past year, it has also prompted record low mortgage rates, making this a prime time to refinance and lower your monthly payments. As for student loan refinancing, federal student loans are in forbearance until Jan. 31, meaning interest is suspended and payments are not required. However, this does not apply to private student loans and you may want to consider refinancing these types of loans to lock in lower rates.

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TRUMP on Joe Biden and Ukraine: "I never had a quid pro quo. How about this quid pro quo? 'We're not going to give you the billion dollars unless you get rid of the prosecutor ... Stop investigating my son.' And then he goes, boom, the prosecutor was fired and they got the billion dollars." — rally Saturday in Muskegon, Michigan.