This past Friday was payday for many and a snow day for others causing many to seek payday loans. Friday is when the snow started to fall in my small one-horse town. My boss told me to go home early, since I can’t drive in the snow. I am not sure why I can’t drive in the snow. It might be the tires, the vehicle I drive or the fact that I moved from Newport Beach, CA to a small town cuddled in between cascading mountains.

From Newport Beach, CA to the “snow belt”

It was love at first sight when I purchased some land to build my dream home on a warm summer’s day. Little did I know at the time that my new home is known in these parts as a “snow belt.” I highly advise any potential home builder/buyer to make their decision on a cold December day, similar to that of last Friday.

Sandbags to help keep me from sliding on the ice

I left work and as I drove home I noticed how many stores were closed: the grocery story, the beauty shop, the payday loans store.  Because of the continuing heavy snowfall, I just barely made it into town. I decided to load up my trunk with sandbags for added traction. I walked into the gas station and asked the lady behind the counter for three 70 pound bags of sand. I asked her if there was anyone to help me load them, to which she replied, “I can’t leave the counter, so my suggestion is that if you can’t load them yourself, then don’t buy them.” I had a few choice words for her, but at about 6’2” and 300 pounds I decided that I valued my life.

I went to the car and opened the trunk. I was not able to lift the sand bag, and so I dragged it utilizing every bit of strength that I had. When I got to the edge of the trunk, I picked up the bag, took a deep breath and threw it up into the trunk, along with my entire body in tow, causing the trunk lid to slam down on my back.

Thank goodness for good-looking cowboys!

Ouch! As I was still recovering in my trunk, contemplating taking out payday loans for the back doctor, I heard a man clear his throat (trying not to laugh) as he said, “Ma’am, can I help you with that?” I pulled myself from my trunk and looked up at a nice looking cowboy type. I thanked him and told him that I needed two more bags. He loaded them into my vehicle. He then smiled, shook my hand and told me that he hoped I had a better night. I probably would have had a much better night had it included him shoveling my driveway while I ate bon bons and sipped a glass of Merlot by a roaring fire.

Shoveling and still more shoveling

I drove home to find that I already had a little over a foot of snow. So, before I could pull my vehicle into the garage, I had to shovel. It took me about an hour to clear the driveway. I went in the house and woke up the next morning to find another foot of snow. I shoveled again to get out to the gym and to the store.

The entire town is covered in snow, and the streets are encased in solid ice. If that doesn’t make you want to pack up the spouse and kids and move to a small mountain town, then I should add that the weekend high averaged 11 degrees, with high winds causing the wind chill to feel well below zero.

Sandbags, shovels and missed days of work. Actic blasts cost us quick cash.

Well that’s my story. I wish all of you a Happy Holiday. And when you haphazardly toss your own junk in a trunk, may there be a cowboy standing by to bail you out-or at least payday loans! And may the arctic blast stop dumping snow on all of us so we don’t miss another payday.

The 1981 killing of Adam Walsh is solved.

Authorities in South Florida announced Tuesday that they’ve finally solved the 1981 killing of 6-year-old Adam Walsh, whose father later gained fame as the host of “America’s Most Wanted.”

Hollywood police held a news conference and identified the boy’s killer as Ottis Toole, a drifter who confessed to the murder, then recanted before dying in prison in 1996.

Adam’s parents, John and Reve Walsh, attended a news conference, where they gave a tearful account of what it’s been like not knowing for decades who killed their son.

Adam’s story.

The boy went missing from a Hollywood mall on July 27, 1981. Fishermen discovered his severed head in a canal 120 miles away two weeks later. The rest of his body was never found.

The disappearance of Adam is a sad and tragic event that no parent should ever have to face. Your payday loan source offers the greatest sympathy to his family and every family who has suffered from such a tragedy.

On July 27th Reve was heading to the gym, but needed to run a few errands before dropping Adam off with his grandmother. That day Adam dressed in a red and white striped short-sleeved IZOD shirt, green running shorts, yellow flip flops and a beige captain’s hat.

Reve and Adam got into the family car. As part of the errands, Reve drove to the Sears and Roebuck store at the Hollywood mall, to see about some brass lamps they had on sale. They entered the store at around 12:15pm.

There was a display of new video games at the toy department and Adam asked if he could stay there and play with the other boys. Reve said it was okay, since she would be in the lamp department only three aisles away.

Only minutes after Reve left Adam in the toy department, a fight broke out between the boys and Sears personnel called for security to break up the fight. 17-year-old Kathryn Shaffer-Barrack, who had only been a security guard for a short time, responded and told the boys that fighting wasn’t allowed in the store.

She asked two black boys if their parents were in the store and they said ‘no.’ She assumed the two blond white boys, a 10 year old and 6-year-old Adam, were together. She asked them if their parents were in the store, and the older boy answered no. Kathryn directed the black boys and the white boys to leave by separate exits of the store.

Adam was a good child.

It is believed that Adam didn’t tell the security guard about his mother, because he was a timid child. Adam Walsh was left standing outside of Sears at an entrance, quite possibly waiting for his mother to find him.

Only five to ten minutes after Reve left her son in the toy department she returned. Adam was nowhere to be found.

Where was Adam?

On July 27th 1981, John and Reve Walsh launched one of the largest manhunts for a missing child in the state of Florida.

Two weeks later, Adam’s severed head was discovered by fishermen in an irrigation canal, nearly 120 miles away in Vero Beach.

The Broward County medical examiner ruled Adam’s death resulted from asphyxiation, and the severing of his head was done post mortem. Wright further believes that Adam was more than likely murdered the very day he disappeared.

A confession.

Your payday loan source continues.  Two years passed with no leads as to Adam’s killer until a drifter from Jacksonville, Florida named Ottis Elwood Toole, confessed to killing Adam.

On October 10, 1983, Toole, the crime partner and homosexual lover of infamous serial killer Henry Lee Lucas, was serving a 20-year sentence for arson at Union Correctional Institution in Raiford, Florida. Toole had been in and out of the system most of his life, and he told Detective Buddy Terry that he was responsible for killing a young boy in the Ft. Lauderdale area.

Hollywood Detectives quickly interviewed Ottis Toole. In a midnight interview, Toole told Det. Jack Hoffman and Det. Ron Hickman, the lead detectives on Adam’s case, that he and Lucas had abducted a young boy they saw running frantically around a Sear’s parking lot.

Toole implicated his partner Lucas in the abduction of the boy. Toole said he drove their 1971 white Cadillac north on the turnpike toward Jacksonville, while Lucas terrorized the child, who was sitting between them in the front seat of the car. Toole said it was Lucas who had cut off the boy’s head in a wooded area they found off the turnpike. He said Lucas used a machete; Toole said he held the boy down.

Toole described the boy as being between the ages of 7-10, and was dressed in dungarees, a blue shirt and sneakers. This caused detectives to be skeptical of Toole’s story, since Adam was only 6 and was wearing shorts and flip-flops that day. Moreover, when they showed Toole a picture of Adam he did not initially think he was the same boy.

Detectives soon learned that Henry Lucas couldn’t have been involved in Adam’s abduction and murder, because at the time he’d been in a Virginia jail for car theft. Detectives confronted Toole with this information, causing him to admit that he had lied. He subsequently changed his story, and told detectives that he alone had abducted and killed the boy. Hollywood Police Department announced a few days later, that they had their man.

Toole claimed that after he abducted Adam, that he locked the windows and doors, then drove 10 minutes on Hollywood Blvd to the turnpike entrance and got on heading north toward Jacksonville.

Adam became restless and started yelling, and so Toole said he pulled off the turnpike and choked the boy to knock him out. He found a wooded area where he could pull his car off the turnpike, and it was there he decapitated the boy and threw the head in a canal a short distance from where he buried Adam’s body.

Toole recants.

An extensive search of the wooded area where Toole said he had buried Adam’s body, turned up nothing. Then, Toole’s story started to change. On January 6, 1984, three months after his initial confession, Toole recanted by telling detectives that he did not kill Adam Walsh.

Since Toole had recanted his confession, someone threw out the carpet samples taken from Toole’s 1971 Cadillac, and the vehicle was subsequently sold to a used car lot and scrapped as junk. With all evidence now gone, there is no longer the opportunity to conduct DNA testing of the carpet samples.

Toole’s death.

September of 1996, Ottis Toole died at Raiford Prison. Hollywood Police had lost their opportunity to conduct a final interview in an attempt to obtain a death bed confession.

Toole’s deathbed confession.

All was said to be lost until Tuesday’s news conference. Toole’s niece told the boy’s father, John Walsh, her uncle gave her a deathbed confession admitting he abducted and murdered Adam.

John Walsh said his son’s case shows why parents should never give up hope. He said police recently reviewed evidence in the case to come to the conclusion that Toole was the killer. Walsh said he never had any doubt that Toole was the murderer, even though it took decades to confirm.

“For us it ends here,” Walsh said.

This breaking news brought to you by your Payday Loan Source, Personalmoneystore.com.

What do Government reports say?

According to government reports released Tuesday, consumer prices fell to a record low in the month of November, while home building plunged the most in a quarter-century. The Commerce Department reported an 18.9 percent drop in new home construction in November, the largest drop since March of 1984, while the Labor Department said consumer prices sank by 1.7 percent. The auto industry reported a 2.8 percent fall in auto sales. Auto makers reported that November was their worst sales month in more than 26 years.

Why is the Fed lowering rates?

While lower consumer prices might seem like a good thing, it does have an overall negative effect on the economy. Lower prices result in less profit for companies, causing companies to cut back on production and jobs. The Fed hopes to combat this negative effect by lowering rates.

Many economists predict the Fed will cut the funds rate in half, lowering it to just 0.50 percent. A few others think the Fed could lower rates by an astounding three-quarters percentage point or more. If that larger cut occurs, it would be the lowest on record since 1954. With the Fed’s key rate dropping ever closer to zero, the central bank is moving into uncharted territory.

According to Richard Yamarone, an economist at Argus Research, “The message is simply the Fed stands ready to do everything in its power to stop the economy’s free fall.”

If that’s not enough, thankfully we have payday loans.

By lowering rates, the goal is to increase consumer spending on larger purchases that require financing, such as homes and automobiles. However, this goal is up against two large obstacles: people are worried about a gloomy job forecast, and banks are reluctant to lend money to consumers.

2 million lost jobs.

The gloomy job forecast is a reality as the economy has shed nearly 2 million jobs, since the start of the recession, and analysts predict another 3 million more jobs will be lost between now and the spring of 2010. In November alone, employers slashed 533,000 jobs driving unemployment rates up to 6.7 percent, a 15-year high. The Labor Department reported that jobless claims are at the highest level in 26 years. With less income, more families are having to turn to payday loans for help.

What else can be done?

Since the Fed previously slashed rates, it appears to have been ineffective in stabilizing the economy. In response, President-elect Barack Obama said Tuesday the Fed is “running out of the traditional ammunition” to fight the recession and that it was critical for other branches government to “step up.” Obama, whose economic team is meeting Tuesday, is working on a “bold agenda” to spur an economic recovery.

The Federal Reserve’s decision to potentially lower interest rates has had a positive affect on Wall Street, as on Tuesday stocks rose more than 1 percent, and the Dow Jones industrials gained about 90 points in afternoon trading. Let’s hope this helps Americans struggling to find extra cash. The Fed’s official decision is due Tuesday at 2:15 p.m. ET.

Breaking news:

The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October. The Fed’s move had a positive impact on Wall Street as the Dow Jones industrial average closed up just under 360. Remember, you can use payday loans, if the Fed’s move did not have a positive impact on your finances yet.

Advocacy Group pressures Fannie Mae and Freddie Mac

This announcement came after the government-controlled mortgage finance company came under pressure from a legal-aid group that threatened to file suit over recent evictions in Connecticut.

In late November, both Fannie Mae and Freddie Mac pledged that they would suspend tenant evictions temporarily during the year-end holidays. However, New Haven Legal Assistance said that despite the pledge, Fannie Mae had proceeded with more than a dozen new eviction cases in Connecticut. The advocacy group said the evictions would violate legislation passed earlier this year – to rescue the two mortgage finance giants – that required them “to permit bona fide tenants who are current on their rent to remain in their homes under the terms of their lease”. This would keep people from turning desperately toward payday loans.

Fannie Mae now plans to act as a type of landlord, or property management Company. They intend to sign new leases with renters living in foreclosed properties owned by the Company. Freddie Mac has not announced a similar pledge or policy reversal however a spokesperson said they are “currently evaluating additional actions.”

Thousands affected by foreclosure.

With regards to landlord foreclosures, last year a New York University conducted a study and concluded that at least 15,000 New York renter households had been affected by foreclosure. It is safe to say that the number of foreclosures has increased since that study was conducted. So have the number of people taking out payday loans. In response to these landlord foreclosures, a group of Harvard University students have been going door to door in the Boston area and notifying tenants of their rights in an eviction. Many tenants are unaware of their rights and accept “cash for keys” offers from lenders to vacate. This amount is typically between $500 to $1000 US dollars.

Cash for keys.

Chauntay Barnes knows all to well about “cash for keys.” In November of 2007, she moved into a single-family home with her two kids on a quiet street in Hamden, Connecticut. She told the Wall Street Journal that she never missed a payment and was recently shocked to find an eviction notice in her mailbox. Her landlord had defaulted on his mortgage payments, and the property was now owned by Fannie Mae. She tells the Journal that one day, “A guy came by from Fannie Mae offering me cash for keys,” she said, referring to his offer of $1,000 for her to leave the property. I would have taken it but it just wasn’t enough,” she said.

Attorney’s advise homeowners to stay put.

Scared, confused and low on extra cash, she may have thought of turning to payday loans but instead turned to her local legal aid office, New Haven Legal Assistance, where attorney Amy Marx told her to stay put and go through the court system, which would give her the maximum time under law to look for a new place. “We have seen the devastating impacts of Fannie Mae offering cash for keys to tenants and evicting most of the rest,” attorney Amy Marx of New Haven Legal Assistance, said. “We eagerly await the implementation of the new policies.” The Wall Street Journal reports that Fannie Mae could not be reached for comment.

Good news for struggling homeowners.

This is good news for homeowners who are suffering during the current recession, taking out payday loans just to hold off the foreclosure beast. Just a few weeks ago a similar plan was struck from the federal financial bailout bill.

Foreclosure and unemployment statistics are staggering.

According to Foreclosure.com, as of today’s date, pre-foreclosures are at 483,470; sheriff sales are 32,312; foreclosures are at 546,488; and bankruptcies total 280,363.

Adding to these staggering numbers, are the current unemployment rates. The Department of Labor reported last week that employers cut 533,000 jobs in November, and that the unemployment rate has reached 6.7 percent. This rate would have been much higher but for the fact that 400,000 Americans have stopped looking for jobs, and therefore were not factored into the labor force.

The Labor Department estimates that companies eliminated 1.9 million jobs this year. Thursday the Labor Department stated that unemployment applications for jobless benefits rose to 573,000 for the week ending December 6th. The number of people taking out payday loans is also increasing.

Foreclosures are bad for everyone.

The cost of home foreclosures causes banks to take a major hit as well. There are all kinds of statistic floating around as to the average cost for a bank to foreclose on a home. Basically, it all depends on the location of the home and the bank. Average statistics seem to be around 50,000 to 70,000.

Will re-negotiated terms increase bankruptcies?

Some might say that allowing judges to re-negotiate the terms of troubled mortgages will open the flood gates of bankruptcy courts, however, you might be surprised. After all, if the banks know that bankruptcy judges have the power to re-negotiate the terms, banks might be more willing to take a pro-active approach in re-negotiating the terms directly with the homeowner before a troubled home owner even takes the first step towards filing bankruptcy. If you need to stall another month while this all sorts itself out, payday loans are available to help.

To learn more about home loans, click here.

I’ll start the bidding . . .

All interested bidders should have at least a few hundred thousand dollars to start the bid (admittedly more than your average payday loan), since Mr. Blagojevich indicates that he “can drive a hard bargain,” and that if he does not get what he wants for the seat, then he will simply “take the Senate seat” for himself. He states that a Senate seat, “Is a valuable thing, you just don’t give it away for nothing.”

Call her Senator Patti Blagojevich

A little short on cash, even after getting that payday loan? Don’t shy away just yet, because Governor Blagojevich just might be interested in alternative benefits for himself and his wife Patti. Since he has been rather vague as to what his other interests might be, you could just throw in some broad negotiation terms such as, “Mr. Blagojevich, should you offer me this Senate seat I vow to always keep your best interests in mind.” A little cash from www.personalmoneystore.com, coupled with this broad language, just might have your friends and neighbors calling you “Senator.”

Going . . . going . . . gone!

Don’t wait. Grab that payday loan and start bidding now as this Senate seat will not be available for very long. U.S. Attorney Patrick Fitzgerald was just quoted as saying, “The Senate seat, as recently as days ago, seemed to be on the verge of being auctioned off.”

If anything bad should ever come your way, don’t even sweat it as I hear the latest courtroom apparel is a light blue jogging suit!

This may be the answer you are looking for and it may be worth taking out a Payday Loan if you are blonde. Computers and technical gadgets just seem to get bigger and better, leaving people like me feeling not so technologically savvy. At my place of employment, the “please help me desk” is my best friend.

The OMG must have!

However, it is nice to know that in this ever expanding information technology era that someone out there understands, and is rooting for, blondes. Yes my fair-headed friends, a true entrepreneur has come along and has created the “OMG must have” pink computer keyboard designed with blondes in mind.

The backspace key now says, “Oops”

This keyboard has swapped out the more challenging phrases with more understandable and easy to use phrases. For example, the backspace key now says, “Oops,” and the caps lock reads “Warning: size XXL letters.” The escape key simply says, “NO,” while the space bar is entitled “The Big One: I need my space.” They should have put an “apply” key that takes you directly to an “apply” button for a payday loan!

Then there are the Useless keys!

The function keys have finally been properly named, “USELESS KEYS.” Laugh as you may, but seriously who really knows what those function keys are supposed to do?

Stand up and shout out a cheer you fellow on-line shoppers! The enter key has been named “Yes! I want it!”

Texters-this is for you!

Anyone hopelessly obsessed with texting? Then this keyboard is for you! There are a series of special keys that type out “OMG,” “ALI” (Absolutely Love It!), “LOL” or “XOXO.” Or that “apply” key would talked about earlier could have been shortened to a “PL” key to apply for that payday loan!

Have a hard time understanding the numbers?

Love Las Vegas anyone? Oh yes, the number keys not only have the numbers spelled out, but they also have dice dots for further reinforcement. Pink? Dice? Somebody pinch me!

If you are still not sold, this last bit of information might just cause you to inadvertently hit the enter key and scream, “Yes! I want it!” Some of the keys actually talk to you. For example, when you hit the $ sign, you will hear the sweet cha-ching of a cash register.

Only $49.95!

The keyboard sells for $49.95 at the Keyboard for Blondes Website. So if this has just been added to the top of your Christmas list, but you are a little low on cash, consider taking out a payday loan at www.personalmoneystore.com.

Credit Card Companies Can Raise Your Interest Rate Without Notice

I have always been responsible with regards to balancing my finances, avoiding a payday loan unless absolutely necessary. As a daughter of a financial planner, I learned the importance of paying my bills on time and developing a good credit score.

What about emergencies?

I have also learned that unexpected bills do happen to the best of us. I have always kept an emergency credit card on hand to cover unexpected bills. My credit card company has always provided me with a reasonable interest rate that allows me to pay off the balance within a reasonable amount of time.

Are you aware of what the credit card companies do?

That all recently changed. I had an unexpected medical bill creep up on me, and I noticed that my Visa balance was not going down as expected. I called the credit card company and asked what my interest rate was, since it was historically at 7.9%. The representative told me that they raised it to 23%. I was shocked since I had never been late on a payment, and I have a good credit score. The representative told me that they “re-evaluated” my account and raised the rate. I continued to ask questions. The representative told me to read my contract, as it states that they have the unfettered discretion to raise my interest rate at anytime. I asked if I could negotiate a lower interest rate, and she refused.

Who is Really in Control of my Finances?

It was at this point that I realized that the credit card company was now in control of my finances. To think that we as taxpayers recently bailed out the banks in their time of need, and yet they in turn do not give us any slack in our time of need. (Yes, the credit card is through one of the major banks that was provided with bail-out money).

I’m Taking Charge!

Since I want to be in charge of my finances, I now use payday loans to cover an unexpected bill instead of a credit card. With a payday loan, the fees are in writing, and not subject to change at the lender’s discretion. Since I am typically able to pay off my emergency bills in under 60 days, a payday loan has turned out to be my new emergency money solution.

A Payday Loan Can Save You Money.

My challenge to you as a consumer would be to consider a payday loan in lieu of a 23% interest Visa card, or using your overdraft protection with your bank. I utilized my overdraft protection insurance only on one occasion. I purchased lunch the day before payday, and I used $2.33 of my overdraft protection. My bank charged me $25.00 for this service. $25.00 to borrow $2.33 was certainly the worst financial decision that I have ever made, and I do not intend to use that “service” again.

I encourage you to analyze your own financial situation and to consider the option of a payday loan if you have an unexpected bill arrive in your mailbox. Please keep in mind that payday loans should be used only for temporary financial needs, and not as a long-term financial solution.

We’ll get to payday loans but let’s start with home loans. The key to purchasing a home is first understanding the different types of loans, and then deciding what loan best fits your needs.

There are many types of mortgages

For example, if you intend to keep your home for several years, and you are purchasing your home while interest rates are low, then a fixed rate mortgage might be exactly what you need. On the other hand, if you intend to stay in your home for a short period of time, then you might consider either an adjustable rate mortgage or a balloon loan. Be sure to fully explore the possibility that you might qualify for government assistance if you are a veteran, or you fall into a low to moderate income bracket.

The different types of loans are discussed below. Keep in mind that this is just a brief overview of each type of loan, and that you should fully understand the terms and conditions of your loan prior to signing any loan documents. Be sure to read all loan documents and disclosures provided to you by your lender. If something is vague or confusing, be sure your lender clarifies it for you. In the meantime, if you need a short term loan and don’t want your credit affected for your mortgage loan, try payday loans.

Fixed Rate Mortgage

A fixed-rate mortgage ensures that the interest rate of your loan remains the same over the life of the loan. The benefit to a fixed rate mortgage is that while interest rates may increase, your initial interest rate remains the same. If interest rates fall below the rate of your loan, you can always refinance your loan at the lower interest rate.

The typical term for a fixed rate mortgage is 30 years. The benefit to a 30 year loan term is that it provides you with maximum tax advantages with the greatest interest deduction. The 30-year fixed-rate mortgage is typically the easiest type of loan to qualify for.

If you shorten the length of your mortgage, you typically benefit by getting a lower interest rate. There is a 20-year fixed rate and a 15-year fixed rate. Another benefit to a shorter term loan is you are able to pay off your loan quickly. The downside to a shorter term loan is that it increases the monthly amount you pay. For a really short term loan that won’t increase the monthly amount you pay, look into payday loans.

Adjustable Rate Mortgage (ARM)

An adjustable rate mortgage (”ARM”) offers an initial fixed interest rate with an initial fixed monthly payment. The word “Initial” is the key to this type of loan because after a predetermined initial period, the loan is subject to change due to fluctuations in market conditions.

The benefit to this type of loan is that during the predetermined initial period of time, the initial interest rate you pay will probably be lower than a fixed-rate mortgage. The downside to an ARM is the uncertainty that comes after the initial period.

An ARM may be a good option for buyers who only plan to stay in their home for a short period of time, because if the buyer turns around and sells the home before the initial fixed-rate period expires, they may benefit from a lower rate.

With regards to how often the interest rate adjusts with an ARM depends on the terms of the loan. If you are considering this type of loan, you need to pay close attention to the length of the predetermined initial period. For example, a 5/1 ARM means that your interest rate remains the same for the first five years and then adjusts to reflect fluctuations in market conditions starting on the sixth year. A 3/3 ARM would offer an initial fixed rate for three years and then would adjust every three years starting at the fourth year.

If the loan is an ARM, the lender must provide the borrower with a written disclosure describing how the loan works. If the loan contains an adjustable rate, the lender is required to supply the borrower with the “Consumer Handbook on Adjustable Rate Mortgages,” and the borrower must sign a form confirming that they received the handbook.

Balloon Loan

The balloon loan is a short-term, fixed-rate loan that allows borrowers to make small payments for an introductory period of time, typically five, seven or ten years. After the introductory period, the borrower must either refinance the loan or pay off the remaining balance in one lump-sum (”balloon”) payment.

Government Loans

There are three types of government loans. There is the FHA, the VA and the RHS loan.

A loan insured by the Federal Housing Administration (“FHA”) is available to qualified homebuyers. There are limits to the amount of FHA loans, but they are typically enough to cover most moderately priced homes. One of the benefits of an FHA loan is that it typically offers a low down payment.

A loan guaranteed by the Department of Veterans Affairs is known as a (“VA”) loan and is a long-term loan offers a low or no-down-payment. It is insured by the VA and is only available to qualified military veterans who have obtained a certificate of eligibility from the Department of Veterans Affairs.

The Rural Housing Service (RHS) loan offers low interest rates with no down payment. It is available to households with low to moderate income located in rural areas or small towns.

To learn about how payday loans work, click here.