The Pluses and Minuses of Hard Money Loans

Hard money loans are an alternative form of getting money that many people are unaware of. When you need a loan in a hurry and are shunned by your bank or credit union because of your low credit or for other reasons, hard money lenders may lend you the required sum for as long as…

Hard money loans are an alternative form of getting money that many people are unaware of. When you need a loan in a hurry and are shunned by your bank or credit union because of your low credit or for other reasons, hard money lenders may lend you the required sum for as long as 10 years (or longer depending on circumstances). They look at your assets not your credit; therefore hard money lenders may be an alternative to consider. Here are some pluses and minuses of hard money loans

Pluses of Hard Money Loans

1. Rapid Process – Banks take 60 days at least to consummate the process. The typical hard money lender will hand you the loan within 1-2 days. Local lenders who know you may even give you the funds that same day. This works out particularly well for you if you need the money for some fast purchases, for emergency need, or for other situations such as when you want to move on with construction in order to sell your property. It also helps you impress the buyer when you want to jump in front of a bidding queue to land a certain property.

2. Less paperwork – Banks and traditional lending institutions tend to haul you through a guerling underwriting process that involves signing lengthy and complex forms and then waiting at least a month to see if you've been approved. Hard money lenders waive that. Each has his, or her, own system, and each deals with borrowers individually. Borrowers, therefore, tend to sign only a few forms. Lenders will ask you a few questions, and may look into your credit history. The Dodd-Frank Act of 2010 states that lenders have to make sure that borrowers can pay; that they are not charged humongous rates of interest; and that they are charged no more than two pre-payments (depending on circumstances). Lenders evaluate each application differently and make their conclusions based on your property value rather than on your credit. So even if you have bad credit, you may be able to get your hands on a hard money loan. The lighter focuses more on the value of your property than on your credit.

3. Flexible Terms – Banks may demand regular payments. The lender goes soft with you and often provides you with flexible loan repayment terms. (Again, this depends on the specific lender). So, if times are tough you can get by with only paying interest each month or with only paying the balloon repayment at the end. This makes it easier for you in the long run instead of causing you to make a hefty payment each month.

Minuses of Hard Money Loans

1. High Interest – Hard money lenders charge triple the amount of banks – and sometimes even more than that. Lenders can sometimes be capricious in their interest amounts, so it is important to shop around. Some lenders may offer comparably reasonable rates, but we suggest that you negotiate since lenders know that they are your last resource and they may charge accordingly. Some of the states' usury laws, such as those of Tennessee and New Jersey, prohibit hard money lenders from invoking excess interest. Residential borrowers have recourse to further protection under Consumer regulations and the Dodd-Frank Act. If you're a commercial borrower, you need to be more wary since loan terms are more aggressive and you receive less protection.

2. Low loan-to-value ratios – The loan-to-value ratio is how lenders determine how much money you're going to get. For example, with a loan-to-value ratio of 70%, the lender will give you $ 70,000 for a $ 100,000 piece of property. Lenders usually give only 60% or 50% of your required amount which means that you'll have to dig up the rest from somewhere else.

3. Hard to locate – An honest and efficient lender may be hard to locate. You can find hordes of money lenders online but each lends only to one or several states and are certified to lend to the states that they deal with. You may have few or none of the lenders that you prefer (or that will service your type of loan) in your region and you may have to travel to get the services that you want. In all cases, make sure that the lender carries licensing from the National Mortgage Licensing System (NMLS) and through her regulatory state agency.

In short …

Hard money loans may be wonderful for you when you need them in a crunch and can not get the money from anywhere else. They have relaxed approval standards, are fast to get, and involve meager paperwork. On the other hand, they have a low loan-to-value ratio and a high interest rate. If you have good credit, you may be better off with the traditional loan. Consider hard money only if you have a short term pressing need with few or no alternatives.

An Introduction to Personal Loans in Singapore

Singapore is one of the top financial centers in the world and the banks in the island nation offer a wide range of banking products, solutions and services including personal loans. These loans are designed to help the people of Singapore in meeting their financial needs. The interest rates offered can be quite attractive and…

Singapore is one of the top financial centers in the world and the banks in the island nation offer a wide range of banking products, solutions and services including personal loans. These loans are designed to help the people of Singapore in meeting their financial needs. The interest rates offered can be quite attractive and the customers also enjoy flexible repayment tenures to pay off the borrowed amount. It is not just the banks and financial institutions in Singapore that offer personal loans in Singapore. In fact, there are many licensed and unlicensed moneylenders that offer personal loans in the country.

Types of Personal Loans

There are different types of personal loan products that are available in the 'Lion City' and they are as follows:

1. Term loans – these are traditional loan products that offer the customers with the money they need and also require them to pay back the money with the applicable interest within the term specified in the contract they sign. They are mainly offered by the banks and traditional financial institutions in the country.

2. Loans against Credit Card – many of the credit card issuers in Singapore offer their customers with instant cash against the available credit on their card. The loan applications are approved within no time and the money is transferred directly to the bank account of the applicable. In most cases, the customers can avail up to 100 percent of the available credit of their card as a loan.

3. Personal line of credit – some of the popular banks operating in the country, such as Maybank, do not offer personal loans and instead they offer a personal line of credit that provides people with access to funds on a monthly basis. It is a type of revolving credit that requires the customers to make monthly payments for accessing more funds.

4. Overdraft protection – OCBC Bank and other top banks in Singapore offer overdraft protection facility with their savings account with the help of which they can withdraw more money than that available in their account. The additional money that is withdrawn is considered as a loan and the customers are expected to pay it back through equated monthly installments (EMIs).

Banks Offering Personal Loans in Singapore

Some of the top banks that offer personal loans in Singapore are as follows:

  • OCBC Bank;
  • UOB;
  • DBS Bank;
  • HSBC Singapore;
  • ANZ Singapore;
  • Citibank etc.

The Application Process

If you are an adult with a steady income and a good credit score, you can approach any of the banks in the country and apply for a persona loan. You can either visit any of their branches or contact their customer support team. Some of them will also offer you with the option of applying for the loan online on their website.

Loan Amount

The amount offered will depend on your annual income, credit history and overall profile as a borrower. You can expect to borrow a higher amount if you have a high annual income along with a lucrative credit score. Similarly, the interest rates offered to you will also depend on the factors mentioned above and you can avail a better rate if you are one of the loyal customers of the bank ie if you have already opted for other products offered by the bank.

Los Angeles Hard Money Lenders: More Appealing Now Than Ever

News shows that Los Angeles is going through a crippling housing situation. Demand for houses is growing. Los Angeles Realty News shows that the problem is that prices are spinning out of control making houses beyond the reach of those who most need them. The crisis has approached heights such that some activists are discussing…

News shows that Los Angeles is going through a crippling housing situation. Demand for houses is growing. Los Angeles Realty News shows that the problem is that prices are spinning out of control making houses beyond the reach of those who most need them. The crisis has approached heights such that some activists are discussing seeking government intervention.

At one time, decades ago, people would approach banks for loans and the banks were more forthcoming. In fact they were too forthcoming which is why we had the Depression. Banks learned from that and rarely only proffered loans once they nearly reviewed credit history and worthiness. Today, banks and conventional lending institutions have put a harrowing folio of practices in motion which is why it takes so long to emerge with a mortgage (at least 60 days) and which is why so many potential borrowers are denied.

Those who are refused seek alternatives

Hard money lenders

One of the most popular alternatives has been hard money – otherwise known as personal / direct / or bridge – lenders. Los Angeles has them too. If you look at the directories of PrivateLenderLinks or BiggerPockets, for instance, you will see 100-200 listings on each. Investors have few choices. There are the conventional loans and then there are the unconventional, but even these may be difficult and costly to land. One of the most appealing lenders in the unconventional loan category is the direct money loan lender who funds from his or her own pocket and shareholders the value of the collateral rather than the reputation of the borrower. Many find direct money lenders enchanting. They ask for little documentation and supply the loan in short order. Think of 2-3 days turnover!

On the other hand, all of this comes at a catch.

Disadvantages.

Hard money lenders intimidate potential investors in two ways:

1. Huge payments – Lenders fund from own pockets. They take a risk. To offset that risk, personal money lenders tend to ask for double the interest rate of the traditional mortgage loan. They also ask for a hefty prepayment. Few borrowers are able to oblige and when they fail, their property falls into the lender's lap.

2. Low loan to value ratio – Properties have their equivalent in money.So, for instance, if your property is worth $ 80000 you would get $ 1000. Hard money lenders are notorious for paying glaringly low percentages that tend to hover around 50-60% of the collateral value. This also dissuaded borrowers.

Events have changed.

A few days ago, AlternativeLendingMagazine.com, the largest source for direct money loans and direct money lender programs in California, announced that hard money lenders in Los Angeles have expanded their LTVs from the usual 65% to 75% of the appraised value to more attractive rates. A cursory look at the latest reports from online LA lending agencies show that one or two individuals or organizations even offer LTVs at 100% of the appraised value.This is terrific news.

Alternative Lending Magazine compiled its research through the use of accurate, real-time, internet-based data collected from housing financing sales trends and lender behaviors such as recorded results and final closing statements. It analyzed more than 262 direct lenders. The website concluded that, given the situation in California in general and in Los Angeles in particular, these proceedings point to an optimistic future for hard money lenders in Los Angeles.

In short …

The high rate of interest remains one intimidating factors. But you can whittle down these rates with research, shopping around, and negotiation. Los Angeles needs its unconventional lenders. The market is rocketing and most investors need loans to profit. For those who are unable to land loans from traditional sources, direct money lenders are one interesting solution. Recent reports show that their main commonity grows as rates push down and LTV floats up. In fact, hard money loans seems to be the best option of the future.

Do You Know Personal Loan Interest Rates Depend On Your Profile?

Are you working with Infosys or TCS? Then, you are an employee of a company that is in the set of Priority for the banks. One of the cryptic facts is that banks have some companies in this set of Preference, which they term as Listed Companies. According to a recent report, the leading banks…

Are you working with Infosys or TCS? Then, you are an employee of a company that is in the set of Priority for the banks. One of the cryptic facts is that banks have some companies in this set of Preference, which they term as Listed Companies. According to a recent report, the leading banks like HDFC have around 33,000 companies listed with them, under some categories like Super A, Cat A, Cat B, Cat C and Cat D. IT Giants like Infosys, TCS, Wipro, L & T, Cognizant , HCL, CapGemini etc. fall under the Super A Category.

The most efficient feature of falling in this group is that there is always a special offer running for these customers by the banks and the NBFCs. The Interest Rates are relaxed or deviated for the employees of these companies. Also, the Loan Amount Eligibility is more than the ordinary customer. These customers get an interest rate on their loan amount starting from 11.99% to 15% depending on his profile. There are some 1100 Companies listed with HDFC, which are considered as Super A and Cat A.

Other companies that are called as Cat B, Cat C or Cat D also enjoy a good reputation with the lenders, as these employees also get some deviation according to their profile. Their Rate of Interest lies in the bracket of 16% to 23%.

But if you are not so lucky to work in a listed company, then also there are many doors open for you. The NBFCs, such as Bajaj Finance or Fullerton India lend money according to the repayment capacity of the customer. If you are working with a non-listed company, say Gaurav Enterprises and you have a salary of Rs. 80,000 per month and you need a loan amount of 10 Lacs; then you will not be eligible from the bank. The banks will consider you eligible for a loan amount of 80,000 as your company is not listed with them but NBFC like Fullerton India, will provide you a loan amount up to 12 Lacs according to your profile and Repayment ability. Also, the Personal Loan Interest Rates can be as low as 17.25% with other features such as part-payment facility or reduction in processing fees.

In a nutshell, it is necessary to know your Company Category before applying for any loan as your Rate of Interest and your Loan Amount Eligibility will depend on your profile.

When You Are Cash-Strapped, Try Personal Loans

Overview A day can come when you find yourself in a position where you are facing a little bit of a cash crunch. You may need the cash for several reasons – you have overspent from your budget, you need instant cash to sustain you until your next paycheck, a festival is around the corner…

Overview

A day can come when you find yourself in a position where you are facing a little bit of a cash crunch. You may need the cash for several reasons – you have overspent from your budget, you need instant cash to sustain you until your next paycheck, a festival is around the corner and you need the cash boost to finish shopping, etc. Whatever the need, personal loans are here to the rescue!

Key features of personal loans

• It can also be termed as fast loans. After submitting your application, you can get funds within 24 hours.
• Personal loans are small loans because of the amount which is typically between 500,00 and 1,000,000.
• They are easy loans to obtain since they do not require too much documentation. The application can be submitted online.
• Depending on the borrower, the cash loan can either be a secured or an unsecured loan.
• The credit duration is short ranging from two weeks to one month. Usually the lender sends a reminder email to the borrower when the payment is due.
• The interest rates for cash unsecured loans is higher than other personal loans that are available in the market

How to get loans for bad credit?

Are you facing financial troubles? Are you in desperate need of cash but do not have the requisite credit score to get a loan? You can still get yourself out of your low cash situation by opting for loans for bad credit.

Since your credit score is bad, you are considered a high risk customer as the lender can not be certain if you will be able to repay the loan. You can still opt for the following loans:

• Bad credit personal loans are easy to get and are of shorter duration to tide you over the tough times
• You can take loans from friends or family

The plus side to personal loans for bad credit is that they are still unsecured loans ie you are not required to mortgage an asset to secure the loan. It is also important to remember, however, that this loan is to get back on your feet so you can get back your credit rating.

Precautions to take while opting for personal loans

Although the small loans in the form of cash are supposedly to tide you over your cash crunch, they sometimes end up putting you deeper in debt than actually solving the problem. Borrow carefully and repay regularly. Plan your budgets.

Want to Apply for a Personal Loan?

Personal loans are basically the money given in credit to any customer by a money-lending institution. Now the terms of payment are determined by the lender after the best personal loan is approved for a customer. The personal loans have various factors that affect the approval like the ones of current bills, credit score, income,…

Personal loans are basically the money given in credit to any customer by a money-lending institution. Now the terms of payment are determined by the lender after the best personal loan is approved for a customer. The personal loans have various factors that affect the approval like the ones of current bills, credit score, income, unsecured debt and the purpose of the loan taken. All these factors are looked into by the lenders like banks and then a bank loan is sanctioned.

One of the important things that are considered for a loan is the recipient's credit score. Several bills are added and reported to the score of a credit of the person taking loans. Bills of living expenses, medical requirements and credit cards are the ones that a bank or any financial institution will take a look into. If anyone has reported bankruptcy against the recipient, it will be a problem since it badly reflects in the report of the credit score. Even your repayment on time reflects on the same. So by now one must know that credit score maintaining is an essential.

If the situation of your credit score becomes too poor for you to even manage everything at the last moment, there are other options open as well. Since banks may not sanction loans for bad credit, you can resort to individual lenders like people in your own family or people around your friends. But at the end of the day, it will be your responsibility for your image. If you can recover the loans within the time promised, then you are safe or else it may hamper your relationships with the person from you you are borrowing some money for purposes better known to you. In this case you will not have to pay a personal loan interest rate.

Unsecured debt is another factor that affects your approval for the loan you want to take. Well, these kinds of debts are any debt with an interest rate that's always fluctuating. They are very dangerous in nature because they may put one at risk of losing control. This may prevent any lender to receive their payments in equal monthly installments. Personal loans can also be termed as quick loans since they can also be attained within 24 hours but before applying for these, it is advised to reduce as much as unsecured debts as possible. This will not only affect your credit score in a positive way but will also minimize your budget for every month. It will be easy for you to get your loans sanctioned within time.

If you have asked for a loan, your living expenses will also be under consideration. These expenses may include food, utilities, gas, insurance and all kinds of rents you pay such as house rent, garage rent, etc. In case you have a roommate, banks will look into this matter as well as in how much is paid by you and your roommate. Now, if the living expenses of yours are the majority within your income, it is better if you borrow money from a person you know. This is because the banks take this as a negative factor while sanctioning the personal loans.

The utmost important thing that you must carry when you are applying for a loan is your income statement that will act as an income proof. A minimum proof of income for three months will be required since other factors like the longevity of your employment at the current company, your incentives per month, etc. If you have saved up a part of your income for emergencies like the ones of financial or medical, the banks will also take them under consideration and will then grant you money on the basis of personal loan rates.

Lastly, if the amount is small, it might look very small but these amounts can have the capability to put you in deeper debt than resolving your problems. Have a plan of your budget inclusive of expenses and savings.

How To Successfully Get Personal Loans

As an individual, being financially stable is a must. This is important in order to cater to your needs at the present and in the future. Being financially stable can also help you provide a better life for your family. However, due to numerous problems such as increasing prices of amenities and changing market strategies,…

As an individual, being financially stable is a must. This is important in order to cater to your needs at the present and in the future. Being financially stable can also help you provide a better life for your family. However, due to numerous problems such as increasing prices of amenities and changing market strategies, you may find yourself down the drains. Luckily, there are lots of options you can consider to avoid financial problems.

One of the best and easiest ways is to save finances. But, sometimes saving finances is not sufficient to provide you with what you need. Another option to gain finances is to invest. Investing can be very profitable, but this can also be very dangerous most especially if you opt for the wrong investment.

So, if you are looking for an easy and safe way to obtain sufficient finances, you can also opt for personal loans. These are offered by almost all banking institutions. Unfortunately, not all individuals are eligible to get loans. To help you get personal loans successfully, listed below are some factors you need to consider.

Good credit history

First and foremost, before getting a loan, you need to consider your credit record. Having a bad record can affect your credit in paying your loan. Therefore, you need to be sure that you have a good credit history. Other than credit history, you can also open a savings account and contribute to it regularly. In this way, banking institutions can determine how you will manage your loan repayments.

Loan realistically

When it comes to loans, individuals can loan as much as they want. However, it is best to loan a realistic amount. This is essential since borrowing a huge amount of money can sometimes be reduced or the loan can be lower than what you desire. As a result, it is best to ensure to opt for loans that can suit your cash flow.

Compare terms and rates

It is also best that you compare terms and rates. Surely, there are numerous banking institutions to choose from and these institutions vary with their terms and rates. Because of this, you need to look for rates and terms that can satisfy your needs.

Right banking institution

Finally, look for the right banking institution. Opting for reputable banking institutions is needed to ensure that your financial needs are catered to properly. In addition, reputable banking institutions can provide you with the amazing payment options you need.

With all these, you are rest assured that you have the right loan that can provide you with better future. Click here for more.

Getting a Fix and Flip Loan

A fix and flip loan is a great way to get financing if you're just starting out in the housing industry. Buying a home, renovating it, updating it, and then putting it back on the market is a great way to make a living or to earn extra cash. However, if it's your first time,…

A fix and flip loan is a great way to get financing if you're just starting out in the housing industry. Buying a home, renovating it, updating it, and then putting it back on the market is a great way to make a living or to earn extra cash. However, if it's your first time, you may not have the seed money that you will need to get started. Here are some things to know if you need a boost to get into this industry.

Turnaround

Keep in mind that the turnaround in most of these cases is less than a year. That makes getting a flip and fix loan from a traditional bank almost impossible. Banks make their money from the interest accrued from long-term financing agreements. They do not like having the borrowed amount paid off within a year. To get this type of financing, you'll have to look for a lender who will agree to a short-term deal.

The Right Property

The first step is to find the right property. You'll want to find something that you can get a really good deal on, and it should also be in need of renovation. Keep an eye out for foreclosures or those homes that have been damaged by fire or water. Once you've found the right place, one that you think you can make a profit on, it's time to secure a fix and flip loan.

Have Your Paperwork in Order

Before you head over to meet with someone to discuss securing financing, make sure you have everything in order. Look over your credit score to make sure that the lender will not think that you are a risky borrower. Make sure you have your documents in order to show how much reserve capital you have. You should also be able to verify your income by having pay stubs, a W-2, and tax returns on hand.

Understand the Calculation

Financing is calculated a little bit differently in these cases. Remember, this is not a traditional mortgage. They will calculate the amount they're willing to front you by looking at your money reserves, your credit, your expertise, and the purchase price of the unit you're going to rehabilitate. They also take into consideration the estimated costs of renovating and repairing the property and the estimated value of the finished product.

Know the Term

Always keep in mind that the term for these deals is usually between six and eighteen months. While some companies will sometimes allow for three-month extensions, you should have a realistic plan in place for completing the rehabilitation and selling the property before your time is up. If you do not give yourself enough time, you could be in trouble.

If you want to get into the home renovation field but do not have the cash on hand, a fix and flip loan may be what you need. However, your chances of securing the financing will be improved if you follow the tips above.

How To Apply For A Personal Loan

Personal loans are loans granted to a person by a financial lending institution. The repayment of the loan is agreed upon by the lender and recipient upon approval of the loan. These loans are different than vehicle or home loans because the amount borrowed is generally much lower. When applying for a personal loan, the…

Personal loans are loans granted to a person by a financial lending institution. The repayment of the loan is agreed upon by the lender and recipient upon approval of the loan. These loans are different than vehicle or home loans because the amount borrowed is generally much lower. When applying for a personal loan, the financial institution will look into several different factors to decide if a person qualifies. The lender will consider a persons credit score, unsecured debt, current bills, income, and how much the asking amount is for.

A persons credit score is a number lenders will use for any loan. This number fluctuates when businesses report the repayment status of financial obligations. Medical bills, credit cards, living expenses, and other bills a person may have will report to the credit score. When a person repays on time without any delinquencies or if they are delinquent on payment it will reflect. If a person files bankruptcy, it will reflect in the credit score report. The lending institutions generally require the credit score to be a certain number before they even consider a loan granted. The credit score will also determine if the person needs a cosigner for the loan.

Unsecured debt is any debt with a fluctuating interest rate. This could qualify as credit cards or balloon payments on a vehicle or house loan. Unsecured debts are a dangerous factor in the equation because they are at risk of getting out of control and could prevent the lender from receiving their monthly payment. Before applying for a personal loan, it is best to minimize as much unsecured debt as possible. When the debt is minimized it will increase your credit score and reduce a persons monthly budget giving them a better chance of being approved for the loan requested.

Lender's take into consideration a persons current living expenses. These living expenses include monthly rent or house payment, utilities, food, vehicle payment, insurance, and gas. All of these expenses are required to live on a daily basis. The lender will take into consideration if there is roommates or if the person pays the estate. Lender's also prefer to see these expenses combined to leave the person with a certain percentage of your income free to ensure the loan repayment will be done successfully. If the living expenses are a majority of the income, it is best the borrower try and find a supplementary job to offset the formula the lender uses to determine if they qualify for a loan.

A person must bring proof of income when applying for a loan. Generally the lender will request a minimum of three months proof. The lender will consider the longevity at the employment position, how much a person makes hourly or salary, and if there are any court ordered garnishments taken out of the checks. The lender will calculate your income into the equation and also take into consideration if a person already has some money in the bank. The lender likes to a there is some money saved up for emergencies. With a saving account built up there is a less likely chance of a person defaulting on the loan.

Once the information is presented to the lender it will be sent over to the underwriter's department to make the final determination if the person qualifies. If needed, the underwriter's will then request any additional information. Upon approval is when the person will sign the financial contract with the lender and the money is received. At anytime during the signing process and after the borrower is welcome to call the financial institution if they have questions.

Federal Disability Grants for Financial Needs

The 'particularly able' people – the disabled can now lay their claim on several government or federal grants that offer financial assistance to meet the day to day needs of life, helping them realize their dreams in life. However, these are not to clear off personal debts or for personal use. The US has categorized…

The 'particularly able' people – the disabled can now lay their claim on several government or federal grants that offer financial assistance to meet the day to day needs of life, helping them realize their dreams in life. However, these are not to clear off personal debts or for personal use.

The US has categorized the grants into specific four areas that assist you in purchasing a house for shelter, for education purpose, to facilitate in starting your own business to become self-employed and to meet with certain personal needs. These resources for the grants are offered by both government and private foundations to enable you move on with life.

The funding and the resources offered assist you to meet the challenges of life and not remain limited by your impairments. Go ahead and search online for the grants that you need.

Disability Grants Offered for Financial Assistance

Housing Grants

Under Section 504 the Department of Housing and Urban Development (HUD) offers funded programs that support people in attaining rental assistance, support, housing vouchers and purchasing home.

Moreover, these funds offered by the government housing assistance facilitates in purchasing equipment and other required essentials for a complete accessible Shelter to stay in. Besides this, there are other available government programs too like Fannie Mae, Habitat for Humanity, The Fair Housing Act, NCB Capital Impact and others that help with house ownership plans. Usually there are long queues for the grants since you must apply immediately.

Education Grants

Several college financial aid programs are awarded by the federal government every year to disable students with varied impairments. The financial aid includes scholarships, grants, loans that can be used for varied educational purpose. The US Department of Education grants billion of dollars through various federal programs:

· Federal Pell Grants: offered to undergraduate students, the amount given depends on costs incurred to attend school, financial need, part-time or full time student, plans for attending a full academic year or less.

· Perkins Loans : offered at low-interest loans, the annual loan amount is more for the graduate students than for undergraduate students.

· Federal Supplemental Educational Opportunity Grants : it is awarded to undergraduates only with varying ranges.

· Federal Stafford Loans : it is given to both graduate and undergraduate students at variable interest rates. If students qualify for subsidized Stafford loan, The Government pays the interest on the loan while you are in school.

· Federal Work Study : undergraduate and graduate students can join a job to pay the expenses of their education through this program.

There are other National Organizations and Associations that help students pursue higher education through sponsor grants for college education. Moreover, there are several colleges and universities that offer programs for disabled. In 1975 the Disabilities Education Ac was initiated to addresses the educational issues of the disable students, offering them better access to learning opportunity.

Business Grants

The Grants.gov offers disability grants program for financial independence and business setup. Programs like Disability Research Project and Centers Program Grant grants an annual amount of $ 950,000 for different business purposes. Another essential program- Small Business Administration (SBA) offers assistance in financing, giving business opportunity proposals, planning and professional advice. Other state and local government as well as nonprofit organizations and private organizations give business grants for business startups.

Personal Needs Grants

Although very limited, local, community, nonprofit organizations, government agencies and private associations offer funds for disabled individuals to meet with the day to day needs like paying for utilities, voluntary rehabilitation and others.

Pick your required grant that matches best with your needs and look for details to apply for free grant money . Make a complete list of the eligibility factors and credentials necessary to qualify for them and also the deadlines to register. Complete the application process and track the progress. Pursue your dreams and improve your life with the government given funds that meets all your essential needs.