Tag Archives: government
Three Main Categories of Government Grants to Start a Business
For some reason when most people think of government grants to start a business, the the first and only source they think of is the federal government. For some reason people tend to look to the federal grant programs as being the most lucrative.
The fact is that grants are regularly given out by all three governing entities. That’s federal, state and local. Also you may be surprised at how lucrative a grant you can get from your city, even if it’s already strapped for cash.
In fact distressed cities have been known to hand out lucrative land grants to entrepreneurs in the hopes of seeing their economies get a boost. Not only can your business create jobs but it will also generate tax revenue for the city.
Also there’s nothing to stop you from getting government assistance from all three levels of government. Federal state and local. In fact it’s quite common and the one nice thing about grants from a city is that if they don’t already exist, you can petition the city to create one.
You can petition them through the city council to change zoning variances for you as well. However; there is one important thing to keep in mind if you plan to go this route. That is that your plan better be “real good” and benefit the city well.
Or if you don’t have a business plan how about this. Would you believe that both state and federal governments have lists of business types drawn up that they’re ready and waiting to hand out government grants to start a business for. Also in many cases they will even provide you with the training you need to run a business, if don’t already know how.
Government Mortgage Assistance Program For The Benefit Of Americans
Home owners can now avail Government mortgage assistance programs to avoid foreclosures and refinance their mortgages. The recession compelled the American Government to pass this Bill in 2009. It is very critical for a struggling home owner to be aware of and derive the benefits due to him from these programs.
Government mortgage assistance helps homeowners avoid foreclosures. This is for people who are unable to pay their monthly mortgages. It also helps a homeowner paying the mortgage to use fixed-rate loans to make less payment every month. People can modify existing mortgages and refinance their homes.
Mortgage Modification
Homeowners who cannot pay their mortgages on time have to work with the lender in order to change the terms of mortgage. The homeowner gets to keep the home while it avoids the foreclosure-process for the lender. Usually, the interest rates are reduced for a certain period during which one can pay off more of the principal. And, if the homeowner makes monthly payments on time, he/she is eligible for a reduction in the principal balance. The lender qualifies for incentive payments for each modified loan. This Government mortgage assistance plan expires in December 2012.
Mortgage Refinance
This government mortgage assistance program helps people who have lost a lot of their home\’s value. People with no equity or negative equity and those who are consistent in their monthly payments qualify for refinance loans. The eligibility criterion requires that the loan has to be owned by either Freddie Mac or Fannie Mae. A person is ineligible, if the property value has plunged too low or if the loan is a jumbo loan. This refinancing option expires in June 2010.
One should realize the benefits of the government mortgage assistance programs. With the help of experienced and knowledgeable professionals, one can secure government aid to help make the mortgage payments.