Why would a financial institution want a power of attorney for an auto loan instead of just a lein h

I am attempting to refinance a 2006 model auto with a different institution for a lower interest rate however, this institution wants a power of attorney over the vehicle. I've had hundreds of auto loans and have NEVER given a POA to the lending institution - so why now?

Why would a financial institution want a power of attorney for an auto loan instead of just a lein hold?

The POA will allow the lender to title the vehicle and execute all other documents necessary for transferring the loan from your current lender to themselves. It is actually saving you the trouble of personally signing all the documents.

It would also need this in the event that you default on the loan. Holding the lien is not enough - that only means they are owed money on the car.

This is a very common practice and should not worry you, assuming you have read the POA and it is limited in scope (to matters relating to the vehicle in question).

Why would a financial institution want a power of attorney for an auto loan instead of just a lein hold?

I think it is to make the title transfer process easier. Usually it is a temporary POA.

Why would a financial institution want a power of attorney for an auto loan instead of just a lein hold?

The POA is helpful when paperwork is not completed or incorrectly completed. If we have a POA we can fixed the paperwork without inconveniencing the customer. This also helps if theres two parties on the loan and one them are not be corporative. Which causes the title work to be held up. With the POA we can sign off for the customer and have it completed.....

Your thoughts on this very screwed up relationship scenario...?

I was supposed to get married on Sept 15th of this year. I just found out that my fiance (now ex-fiance) kissed her boss at work (100% confident it was a kiss, and a passionate one). When I confronted her about it, she lied to my face for days before I was able to dig up enough proof that she couldn't deny. She was deleting calls made to/from him every Thurs (poker night). She was married before and cheated on her first husband with this boss (for over a year; not an isolated incident). The boss is 15 years older, married, and has 2 kids of his own. To make matters worse, her and I bought a house together 9 months ago (in both our names) and neither can afford it on our own. If we refinance it in one of our names, we lose the employee discount we originally got on the loan rate as well (plus we would also now need to purchase mortgage insurance). We would have to sell the house for 10K more today than we bought it for to break even (and the market isn't there). What are your thoughts?

Your thoughts on this very screwed up relationship scenario...?

This is what they call a RED FLAG.

You could ignore it, and it will most likely happen to you, too.

Or....you can make her accountable, which is the only way she will stop.

That means:

1. She gets therapy (WITH and without you)

2. You put off the wedding until you and the therapist are fully confident that you have found out what her issue is and she's solving it.

3. You report this scumball boss to the company (with your girlfriend's sworn testimony) and tell them that you aren't interested in suing, you just think they should do something about men in the workplace having affairs with their MARRIED underlings.

4. She gets another job and never sees him or hears from him again. If that means that her cell phone call history is public knowledge for you and she's accounted for every hour of the day, so be it.

MAYBE when those four things were ALL complete I'd think about marriage.

Otherwise, sell the house, take a loss if you have to, and GET THE HELL OUT. If you don't , it will only get worse.

Your thoughts on this very screwed up relationship scenario...?

Don't get back with this cheating piece of crap just for a house...

God does not take something away from you without giving you something better.

Your thoughts on this very screwed up relationship scenario...?

If you have an amazing BS detector why did you buy a house with a woman you can't trust.

Sell the house and cut your losses. Next time don't get engaged to a woman who has a proven track record of breaking her promises - especially one who still works with the guy she cheated with before.

Your thoughts on this very screwed up relationship scenario...?

I'd see about some pre-marital counseling, and couple's counseling. Why is she having this affair? It probably doesn't even have anything to do with you, she probably does love you...but for some reason she can't give up this 'addiction' with her boss/affair. Therapy can help.

Your thoughts on this very screwed up relationship scenario...?

Best to look for someone who won't cheat on you. In my experience, it's a lot harder for girls who cheat to change than guys who cheat.

Your thoughts on this very screwed up relationship scenario...?

I'd cut my losses and move on - unless you want your heart broken again.

Your thoughts on this very screwed up relationship scenario...?

Are you worried about a meaningless house or the rest of your life? Take a big breath and move on. You chose to be a part of this scenario, now you can choose to get out.

Your thoughts on this very screwed up relationship scenario...?

She cheated on her last husband with this man and no has cheated on you with the same man...once a cheater always a cheater..Break it off all the way. Personally I would take the prof I got to the wife of the man she cheated on you with but that is just me..Break it off and cutt you loss you could probally do better.

Your thoughts on this very screwed up relationship scenario...?

Wow. No offense or anything, but that is really sick of her.

Check the Internet for help with the house. I was bored one day and watched an episode on Rachel Ray where they were talking about breaking up. They talked about this website where you could sell an engagement ring if your fiance backed out. maybe there's something like that for houses. with all the wackos out there, i wouldn't be surprised.

Your thoughts on this very screwed up relationship scenario...?

Sounds like you two have a housemate no matter what happens with the boss or anyone else. My thoughts? You are in a world of ****...I wish you good luck...

Your thoughts on this very screwed up relationship scenario...?

well if she cheated on her 1st husband with this guy and u caught her doing the same thing before u got married chances are she's not gonna give this guy up. u could think about renting the house out for a while until u can sell it for what u are wanting for it. but just be glad u found out about her before u said I do. but good luck best wishes to u.

Your thoughts on this very screwed up relationship scenario...?

If you're already sleeping in another bedroom, you're essentially broken up. You're always going to be mistrustful of her, admit it.

As for the house, these things happen. Maybe one of you can't afford to live there on your own; why not rent it out? Or, put it up for sale and the one who stays, get a roommate until it sells. The house thing is a headache, but you can work it out.

You're not in a %26quot;relationship%26quot; with this woman. She's being dishonest with you. And what's the deal of her cheating with this boss during her first marriage? What makes you think that kiss was an isolated incident? She obviously can't let go of him; the only reason they're not together is that he's married. Call the marriage off.

Your thoughts on this very screwed up relationship scenario...?

get the hell out man! the ship took a hit and it's sinking. who cares about the house, you may wind up losing it all anyway if you stay with her.

Your thoughts on this very screwed up relationship scenario...?

Why did she kiss him? Was she drunk?

Your thoughts on this very screwed up relationship scenario...?

You can agree for one of you to stay there with a room mate and refi or sale when the market is better. Or you could rent it out for awhile. Sorry you had to go through this, that is a bummer.

Your thoughts on this very screwed up relationship scenario...?

Well, if it is her boss this time, who will it be next time? And there will be a next time, she will probably hide it better too! Need that eating you up? No house is worth that crappy feeling! Get out when you can and make it as financially feasible as possible.

Your thoughts on this very screwed up relationship scenario...?

She evidently can't resist her boss. This is bad news for you unless you want to share her with her boss. She may be genuinely sorry for her actions and/or you may truly be blinded by the love you have for her.

It seems to be a repetitive affair for her, and most likely won't stop with any permanence.

As for the house, cut your losses, sell it and move on. Otherwise one of you take and just pay what you got to. You will suffer the consequences of getting the cart before the horse. The other option would be use it as a rental house and split any rent that comes from that rental.

Your thoughts on this very screwed up relationship scenario...?

I am with you in deciding to break off your relationship with her. She cheated on her first husband. Now, she cheated on you and in both instances, she was involved with the same man. I don't blame you for not trusting her anymore. Be very thankful that you discovered her infidelity before marrying her.

You should sell the house that you and your ex bought, even if the housing market is not very good, to eliminate any reason for her to contact you.

Your thoughts on this very screwed up relationship scenario...?

Do what you want to do with her at home and let her do what she does at work. Think of this kiss as a part of her job duties, which have nothing to do with your marriage. Fight your jealousy, you'd become a better person that way.

Your thoughts on this very screwed up relationship scenario...?

Your in trouble....big time....sorry. When you met her and she was still working for the same boss you should have immediately told her she had to quit. Now with that said, if she is willing to quit and wants to get some counseling, you MIGHT be able to save this, but she's a cheater. Obviously she has problems that will most likely continue with no moral obligation to anyone. I think you might want to cut your losses now, sell the house and move on.

Your thoughts on this very screwed up relationship scenario...?

First off you need to be thankful you found out about her cheating ways before you married her. The best thing to do with the house in your situation would be to just sell it and both of you get out of it and get a fresh start with that. Sorry for all your aggravation and heartache. It will take time to heal and deal but eventually one day you will be ok and you will find a faithful, decent and wonderful person to spend the rest of your life with.

Your thoughts on this very screwed up relationship scenario...?

well you have answered your own Q there at the end, you believe her and love her, if you do then you have to trust her but, why not go to a solicitor, tell your partner that you want to draw up an agreement, like a pre nup, to state that whoever cheats and there is substantial proof, then 25% of the person at faults part of the house automatically goes to the other.....this will make her and you think twice of cheating, if you do cheat, you not only lose your relationship, you lose half your stake in the house, i hope you have seperate deeds.

Your thoughts on this very screwed up relationship scenario...?

Sounds like you want to forgive....you should try if your intuition is in agreement. I know that she can love you and still be unfaithful. I have been in a relationship with someone who is married and because there is no future you try to replace them. I tried to move on but it was hard to forget. It is possible that she loves both of you. If you want it to be a success she would have to find another job! You don't deserve to deal with that, it would consume your mind all the time. Make a stand for your relationship......stay with her but get what you deserve!

Your thoughts on this very screwed up relationship scenario...?

Sell the house cut any losses or split any profits and move on. You state she was married before and cheated with the same man (boss). Do not %26quot;cheat%26quot; yourself and marry this woman only to find yourself playing %26quot;second fiddle%26quot; to a relationship that she has obviously been involved in for sometime. I would not like to see this happen to you even though I do not know you personally because it is not a fun place to be. Do yourself one of the best things you can do and let it go, house and all. You should seek to be with someone who wants you and you only. Often a woman will continue a relationship with a married man because they secretly believe that he will leave his current wife...because he will often allude to this when they are together. Statistically and from personal experience this does not happen (seen a girlfriend stay in a relationship for eight years with...yes...a married man.. never left his wife and she lost eight years waiting) and statistics are not in favor of the man leaving the wife. I know this is painful...but look at it for what it really is..she has a history of sorts with this man and until she closes the door on this relationship with him..which should include her switching jobs and staying away from him..including phone calls..no communication and some time has gone by then maybe you stand a change but just know that this could take a long time for her to do and you do not need to be in the picture while she is getting her world straightened out. Good luck.

Your thoughts on this very screwed up relationship scenario...?

YOu have to be clear with your strategy, which has several fronts:

1. wedding or no wedding -- that's your call and you know very well how likely she will do it again

2. finance -- how to deal with money if you don't marry her

3. revenge?

For 2, you have to untangle the finance instead of further tangling it. You can be co-occupant of the house but no marriage and sell it when the market returns. Otherwise, find the right exit and take equal loss. But close all joint accounts in banks and credit cards, even living expenses. Take this very seriously.

For 3, you may generate some satisfactiong going to her boss and threaten exposing him to his company's HR. How bad you want him to suffer and if you want him to do to compensate (don't get caught blackmailing someone)? Of course, you are not the husband but the boss won't want the bad press.

The ABc Corporation is evaualting a potential lease agreement on a truck that costs 40,000 and falls

into the Marcs 5 year class. The loan rate on the truck would be 10% if ABC decided to borrow and buy rather that lease and the loan would require 5 equal payments due at the end of the year. The truck has a 5 year economic life an an estimated residual value of $10,000 If ABC buys the truck it would purchase a maintenance contract which costs 1000 per year payable at year end The terms lease which include maintenance call for a 10,000 lease pymt at the begininng of each year should they lease por purchase show your work

The ABc Corporation is evaualting a potential lease agreement on a truck that costs 40,000 and falls?

Truck costs $40,000

Buy:

Loan = $40,000

Interest = 10% X 5 X $40,000 = $20,000

Total repayment = $60,000

Annual repayment = $60,000 / 5 = $12,000

Residual Value = $10,000

Maintenance = $1,000

Total outgoing annual payment = $13,000 at end of year

Present value = 13,000/1.1 + 13,000/(1.1)^2 + 13,000/(1.1)^3 + 13,000/(1.1)^4 + (13,000 - 10,000)/(1.1)^5 = $43,071

Lease:

Present Value = 10,000 + 10,000/1.1 + 10,000/(1.1)^2 + 10,000/(1.1)^3 + 10,000/(1.1)^4 = $41,699

Answer = lease

The ABc Corporation is evaualting a potential lease agreement on a truck that costs 40,000 and falls?

Thanks, I worked the problem an come up with the same senario to lease. Thanks, Report It

The ABc Corporation is evaualting a potential lease agreement on a truck that costs 40,000 and falls?

to buy 40000@10%for 5 years with 1000 per year maintenence

interest=principal*rate*time=(40000)(.... so principal+interest=60000 over 5 years is 12000 per year on loan and 1000 per year maintenence so 13000 per year. in 5 years this is 65000. i assume %26quot;residual value%26quot; means it can be sold after 5 years for the 10000 as claimed therefore ABC is looking at a net expenditure of 65000-10000=55000 to buy outright

to lease 10000 a year for 5 years is 50000 maintenence is included and no residual value can be recouped by ABC

unless there is some adjustment due to the nuance between words %26quot;at the end%26quot; and words %26quot;at the beginning%26quot; of the year i conclude that ABC should LEASE NOT BUY due to the 5000 that ABC would save according to these calculations. I am not in the business of corporate equipment aquisition this is just my own observation based on the information provided

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

I just want to be able to get my Wife and Son Christmas Presents. I don't have a checking account.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Maybe skipping X-mas presents this year would be in order. Instead, take your family to a soup kitchen to help serve the homeless who aren't as lucky as you to have what you do. Make it a family tradition to teach your kids that giving is better than receiving. Don't get a loan. You probably have too many to deal with right now. Celebrate x-mas with the fact that you have a loving family with good health. Christmas has become too commercial lately.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Do you have a house or car you can borrow against?

I think you got some good feedback, not sure why are so upset. Maybe you feel too sensitive about your situation and felt you'd get a magic answer like such and such bank will lend to you. But people have listed alternatives like programs that can provide gifts for your son, a second job and so on.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

sign up at a hospital for free gifts, they always have some families they help

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Why dont you get a better paying job and pay off your debts, they'd probably like that better than a present.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

That閳ユ獨 why you have horrible credit. You don閳ユ獩 care about the rate. Are you fishing for ways to steal someone閳ユ獨 Identification and get a credit card?

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

You can go to www.freecycle.org to pickup free stuff and give away free stuff. Never know what you'll get.

Or get on craiglist site and sell your unwanted items.

If you must couldn't you apply for a credit card from Sears, JCPenny's-something like that?

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Try Capital One. They gave me a credit card when my credit was bad. The rate was 20% but it started my credit.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Contact Toys for Tots for your son. Your wife is old enough to understand. Don't create extra bills if you are already trying to make ends meet. Catch her later she will understand.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Get a decent job, then handle yourself like a man. Forget this year and try harder for next year...If you don't you'll just dig yourself a deeper hole....You sound like a loser. I feel bad for your son.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Sorry to hear about your situation, just tell your wife %26amp; kids Merry Christmas, and tell them you love them. you need to set your goals and make next year better for you and your family.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Ignore the other mean comments. Everyone has problems some times. Check with the salvation army or a local church for help with gifts for your son. Salvation army might be able to help out with your wife too if she needs something like a new coat. It doesn't hurt to ask. good luck.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Take them somewhere for Christmas.

Make them handmade presents.

Write a beautiful poem, and wrap it as a present.

Wrapping paper? Comics from the newspaper.

Adopt a dog or cat from the pound, and give it to your son.

Think differently. Do things that don't cost money, or little money and live and enjoy life that way.

Pay your highest interest loans first, then work your way down from there. Always take a small amount for yourself to live on, before paying any bills. Don't buy anything else, and no more loans.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Try this site. should help. but you will have to buy on line

http://www.e-wisdom.com/credit_cards/cat...

If you have any questions let me know

ryan@robertscreditgroup.com

I'm not looking down on you. This is a real site that dose not pull credit.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

If you get this loan, next year you will be in the same position, and you will be seeking another loan.

You are better off to show your family you love them, not with money.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

Taking care of your family and planning for the future are more important than getting them xmas gifts this year. You need to focus on cleaning up your financial habits. Needing a LOAN for gifts shows that you have to make better decisions about your money. Start spending less than you earn and pay cash for everything. If you really don't want a handout, get a 2nd job or sell some of your stuff.

I have horrible credit. I need a personal loan, Who can help me. I don't care about the rate.?

so you'd be fine with a rate of 70%. Is that why you have bad credit????? Go get another part time job, they just might like that more.

Do day labor temp agency, one that will pay you like the same day fifty bucks after taxes and thren do your shopping at big lots and target.

EDIT- Poster, why are you displaying all of this %26quot;you people make me sick%26quot; Trust me, nobody is going to give you a loan if you display that kind of an attitiude.

seriousely, Maybe you need to not worry about this year if you have no money, Taking out a loan with a surperiorly high interest rate is BAD FINANCIaL planning.

Good Luck

I need a sub-prime, rural loan for 95% to close by 4/6/07?

My husband is in Iraq %26amp; we've fallen in love with a property in Temple, TX. Unfortunatley all of these regulations for sub prime loans just changed and my lender backed out yesterday. We're supposed to close by the 6th of April! So, I'll lay it out here and if anyone has a suggestion please let me know ASAP! Thanks so much!

House: 3 bedroom/1 bath on 8.5 acres, property has %26quot;church%26quot; on it with another 3 bedrooms, 2 baths, kitchen, ect. There are also 2 small horse barns.

We offered $115k and buyer will pay up to $7k closing costs. We have $500 earnest money on the property.

Credit: I filed bankruptcy solo (ch 7) last year due to some medical issues (long story) and it was completed 12/06. My middle score is 619 and debt to income is great. My husband has a lower score, in the 520's. His income is slightly less than mine, but still good debt to income for him too.

We have $6000 to put down %26amp; understand our interest rate will be higher, but we'll refi later. Please help

I need a sub-prime, rural loan for 95% to close by 4/6/07?

A VA is your only option. You are really high risk and I doubt anyone would touch you, high interest or not. You aren't even paying 10% down. The property may not be worth that in a month.

I need a sub-prime, rural loan for 95% to close by 4/6/07?

Try some large banks

I need a sub-prime, rural loan for 95% to close by 4/6/07?

Since he's a veteran, why not go with a VA loan?

I need a sub-prime, rural loan for 95% to close by 4/6/07?

I also have the same the same problem. my score dropped 60 points over a $100 bill that was in collections, Pretty musch exact same scenarion as this guy who put up the question.

I need a sub-prime, rural loan for 95% to close by 4/6/07?

A USDA rural housing loan is probably your best bet.

Check them out here: http://www.rurdev.usda.gov/rhs/common/in...

You might also check with the FHA:

http://www.fha.gov/

You may very well qualify for both; however, I doubt very seriously that you'd make your listed closing date.

Good luck!

I need a sub-prime, rural loan for 95% to close by 4/6/07?

As long as you have 5% to put down it will not be a problem to get you financing. We offer in house and broker financing options, FHA / VA / and Conv. , Most importantly we will close your loan quick. Please email me @ principal.solutions@hotmail.com and be sure to include contact phone numbers.

Thanks

I need a sub-prime, rural loan for 95% to close by 4/6/07?

Check out the free evaluation form at the source website. Maybe their nationwide network of loan officers can help. Good luck,

I need a sub-prime, rural loan for 95% to close by 4/6/07?

I am Mr Peterson Chris.I am a legitimate loan lender who gives out loans at low interest rate of 3%.Are you finacially down?Do you want to pay your bills?Is your credit score low?If yes,then you are in need of a loan.I deal with only honest people who are really in need of this loan.If interested contact me today with the loan of loan you need so that my loan terms and condition will be forwarded to you.You are to mail me or contact me through this email address

consultingpeters@myway.com

Whats the Catch with Student Loan Consolidation?

I get all these offers in the mail to lower my interest rate for my student loands -- 2.75% for example

Are these companies any good? Or I am better of sticking with my 3.7% and 4.5% interest rates

Whats the Catch with Student Loan Consolidation?

here are the catches I know of so far. the highest rate possible is typically 8.25%, you only get to consolidate once...so make it a good one, hopefully with a fixed rate. Student Loan companies offer many deferred or delayed options, but paying this way might wind you up paying off your education while you are simultaneously trying to pay for your children's education. Do the math and make sure you can get those things paid before your kids start hitting 18+. If no kids yet, go ahead and guesstimate when you might have them. Scary huh? Best of luck! P.S. I hate student loan companies.

Whats the Catch with Student Loan Consolidation?

You need an unbiased article. Have found one here. Hope it helps. http://www.businessstadium.com... Report It

Whats the Catch with Student Loan Consolidation?

Please post the url of the place that offered the 2.75% consolidation. That might have been possible back in 2003, but not today . . . are you looking at an old flyer??

Whats the Catch with Student Loan Consolidation?

Ask yourself this question if you hear of a really great deal: what are the Student Loan Consolidation conditions, what's the catch? Our %26quot;catch%26quot; is that we require more than $20,000 in Student Loan Consolidation for the 1.0% after 36 on time payments. That means that more than 70% of graduates are eligible to take advantage of our benefits, and for those students who have less than $20,000 in loans - hey, that's a good thing!

Whats the Catch with Student Loan Consolidation?

The web sites says that they have rates as low as 2.75%, that means that some people may get 2.75% but not all people. I suspect very few people qualify for this rate. It's a teaser rate to attract you. Looking at this page, it doesn't look like you will get 2.75%. It looks like you will probably not end up saving much money.

(Parenthetically, if your student loans are at this low a rate, I would not be in a rush to pay them off. This is in answer to a previous question you asked.)

Federal educational loan vs. Private lender?

What are some ups and downs ?

Easy to obtain, most lenient, easiest to work with?

Flexible consumer guidelines?

The most freedom?

Better Rates?

Federal educational loan vs. Private lender?

Go with the federal education loans. Private should only be a second thought if the first just won't do it.

First, the federal student loan is a tax deduction.

Secondly, the interest rate that you pay is capped.

Thirdly, you ahve additional options with the federal loan, such as deferement if you get into a financial crunch.

lastly, the federal government is trying to help you financially get through college.

Private lenders are in it to make money.

Federal educational loan vs. Private lender?

I have had both, and I'll tell you right away that federal educational loans are more lenient, lower interest, easier to work with, flexible and give the best rates. the reason is private lenders are there for profit off of interest and that is all, as opposed to actual educational reasons.

Federal educational loan vs. Private lender?

obv federal well no interest till you start making something depends again.. i live in Ontario here federal allows you certain period of time after you are done with education to pay off the loan.. obv you can't pay off in that period of time so they charge you interest where as private lenders charge you interest from the beginning.. which one i would choose? FEDERAL !!

I need information about the Bank of America for a school paper.?

Was Bank of America ever part of another bank first? If not who started it and how many branches does it currentlly have. Who are their mergers and what are their rates/fees/loan rates. Also, can you tell me what services are provided along with any other information you know about the Bank of America. Thank you.

I need information about the Bank of America for a school paper.?

This will help you

http://en.wikipedia.org/wiki/Bank_of_Ame...

I need information about the Bank of America for a school paper.?

I know that they changed their name from Bank of Italy to Bank of America.

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

I am considering a FHA loan. I would like to avoid mortgage insurance if at all possible. Am I allowed to put 20% down or get a piggy back loan for 10-15%? Basically, I'm not sure if a FHA or conventional loan is best.

First-time homebuyer

Credit = 725ish

Pre-qualified for $80k

Probably getting a $70k home.

Please give me some advise. Thanks in advance!

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

With your score, and 20% down payment, it's a no brainer. Don't go FHA. Get a conventional loan, 80% LTV, no PMI.

I wish all my buyers were like you.

And smart too! Buying less than you qualify for. I'm proud of you!

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

Hi Amanda ,

I have had a home Through FHA (Farmers Home Admintstration)

Fixed rate ...varies . They do go by your income monthy.

You can get a fixed rate as low as 6% if you meet requirments.

I would never use anyone else !...lol...lisa

What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

All the help you will need! With your credit you probably will get somewhere around 5-6%, but it doesn't really matter because we have a software that will show you how to pay your home off in 7-10 years anyway, eliminating your interest! Honestly go to www.savingthousandsininterest.com and watch the video and give us a call!

Glad to be of help!

Loan Repayment?

I will be contributing around $40K of personal loans to purchase my business.

What is the best way to pay myself back? Can I charge the corporation an interest rate higher than the one given to me from the bank?

Loan Repayment?

It doesn't have to be the same interest, but it shouldn't be excessive. You should have lined up a tax accountant for the new business, I would ask his advice.

Loan Repayment?

That is called embezzling.

You need to research interest rates and make it competitive w/the current market.

Loan Repayment?

Yes, but this will qualify as income for you and you'll be required to pay tax on it.

My home loan is in default again, what can I do?

This is the second time. I'm a single mother of three and thought buying a house would be a great idea. Now I'm stuck with a high house payment and an almost 100 year old house that seems to be falling apart. I really don't have the money to fix it up and can't seem to keep up with the payments and bills. Refinancing is out of the question, with it being in default now and even just before I was told my rates would actually go up about 3%. I don't think I could sell it for as much as I paid for it and I've only had it less than 2 years. Also I have a second morgage from the seller which is behind. I'd like to just walk away from it and let them take it but I don't really know what would happen. I just can't keep it up. Please if you know anything about this give me your advice. I really don't want to have to contact %26quot;this agency%26quot; or %26quot;that agency%26quot; or anything like that though. I don't like the house, area, or school and just want to get away from it all as soon as possible.

My home loan is in default again, what can I do?

Okay, as a lender, I can't believe I am saying this but it really sounds like you got a sour deal. There are laws that protect you against lenders that give loans without regard to your ability to repay, etc. This is called Predatory Lending and you might be a victim. Check out your states Division of Banking and see if there is more information. (I'd help if I knew where you were at). As for being in default right now, I am not sure what to suggest outside of selling or refinancing so good luck with that. Hopefully your state has a good anti-predatory lending policy in effect.

My home loan is in default again, what can I do?

You could walk away, but know that your credit is going to take a huge hit.

My home loan is in default again, what can I do?

Would you consider a roomate? What about somebody doing a lease to own deal with you.. Good Luck

My home loan is in default again, what can I do?

Sorry about your situation. The best route it to put it on the market and make an attempt to sell the home. Also you should call your lender and talk to them. Tell them you are going to try to sell the home. Sometimes they will take less since it's cheaper then foreclosing. If you walk away they will go ahead and foreclose. It will have a major affect on your credit score and will stay on your record for several years. Good luck.

Are the GFE rates ridiculous?

A friend of mine with credit scores of 648,622 and 621. No late payments for almost 4 years. Lines of credit is Auto, Installment and 2 revolving credit cards. Middle score was 634 but dropped because of to many inquiries searching for a mortgage loan. DTI around 30%. But they was quoted on the GFE of 90% LTV at 10% and on 95% LTV at 11%. With the way the market is today and lenders tightening standards and squeezing borrowers out with these scores. What do you suggest

1. Take the deal before you can't get a loan and refinance later after your score continue to rise.

2. Take a chance on finding another lender (which may be impossible in todays market.

3. Wait it out. But his lease on a townhome he has been renting for 2 years is up Sept. 15th.

Also I forgot to include he is getting a Alt -A loan becuase they are using his bankstaements as Income as well as his rent cancelled checks with lanlord verification of no late payments of arrears as documentation for qulification

Are the GFE rates ridiculous?

Subprime is the only division that uses bank statements at this point. At 90% ltv, my rates would probably be around9% but you'd have to pay a couple of points. 95% is probably the same, but there' s a good chance if you can use bank statements I could go 100%.

Are the GFE rates ridiculous?

The credit scores are too low...that is why the rates are so high.

They are using his bank statements as income, because evidently he must work at a job where he can't prove enough income to qualify for the loan...that is a common %26quot;fix%26quot;, but you'll pay through the nose in an interest rate for it.

Are the GFE rates ridiculous?

The rate is higher as it sounds like they are doing one loan to finance this property. Any loan over 80% LTV would result in a higher interest rate if there was not a second loan added on the property. I would shop around (with a mortgage broker) an office that deals with several different lenders instead of a mortgage banker ( in house lender like Washington Mutual, Wells Fargo, etc.).

Another thing to remember: Most likely this loan will have a pre-payment penalty (an extra fee if the loan is paid off early) ask the loan officer about that. When signing loan documents always look at the promissory note (it will be under if you pay the loan off early - it will list the term and cost to pay it off early). The pre-payment penalty is generally 6 months worth of interest payments.

Are the GFE rates ridiculous?

The Alt-A market has all but evaporated in the last few weeks and there are very few lenders offering the program at any rate.

Why does he need to use bank statements for his income documentation?

Are the GFE rates ridiculous?

The scores aren't really the problem. It's his inability to document enough income to make the payments using traditional methods, like W-2's and tax returns.

If you took his taxable income, what would his DTI be? If it's under 65%, he can probably get a Fannie Mae loan right now. Seriously.

Best CAR Loan in India?

Hi,

I would like to buy a new car[not decided which one] , so I need onroad finance upto 95%. Can I get that In BANGALORE ?

Which are the banks offering onroad finance for cars, which give better rates of interest and which is easy ?

Thanks

Sudhindra Joshi

Best CAR Loan in India?

LIC

Best CAR Loan in India?

100% finance at instantlend.com

Can I get a car loan if my job doesn't start for one month?

I am looking to get a car loan for about $30,000 and my job does not start for a month. I just finished grad school and have a letter of employment that states my start date and salary of $140,000. My credit score is above 700.

Is there anywhere that I could get this loan? I know that there is college graduate financing at many dealers, but will the rates be too high? Will my bank help me out?

Can I get a car loan if my job doesn't start for one month?

I seriously do not know of one good reputable place that will take you (with a good rate) if you don't start your job for another month. And if they do, you will have to put a huge down payment down.

You might be lucky because you have a letter of employement.

The very best place to go is a credit union or your bank, because the car dealerships will *** rape you into a HUGE interest rate.

Good luck!!!!

Can I get a car loan if my job doesn't start for one month?

Car Loan Guide: http://carloanguide.automobile... Report It

Can I get a car loan if my job doesn't start for one month?

Auto finance is what I do for a living and you should not have a problem.

I have been through this with customers several times and it's not a big deal if your credit is good.

I would try your own personal bank or credit union first.

Can I get a car loan if my job doesn't start for one month?

go to your bank for the loan with all your paperwork it should not a problem. The amount of 30K could be depending on your past credit history

Can I get a car loan if my job doesn't start for one month?

Auto finance--they'll figure out a way (at the car dealer). At a bank, maybe more difficult--bring letter of employment.

Can I get a car loan if my job doesn't start for one month?

My friend, you will not have a problem. Others have mentioned going to your banking institution - with whom you have a financial relationship. I also think this is the way to go. But, if your a good haggler, you may have some luck right at the dealership. My husband got an incredible lease with a hard purchase price (a good one) after five years.

The only thing about the dealership is you have to walk out if they're not willing to play ball - also, go at the end of the month.

Congratulations on your fantastic salary - it sounds like lending institutions would be more than willing to loan you 20% of your annual salary (especially with your credit).

Can I get a car loan if my job doesn't start for one month?

I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....

http://thnlnk.com/deal4-you/Auto.Loans/0...

Good luck.

Question on refinancing a home?

My friend has a home loan of $80,000 at 6.5% interest.

I believe the current loan rate is about 5.75%.

Should she be thinking about refinancing the 80k.

She doesn't want an adjustable rate mortgage.

Thanks for your response.

Question on refinancing a home?

find out how much the refi will costs her. A.

how much will a lower payment P%26amp;I be. B

how much difference old payment minus new payment. C

take 'A' divide it by 'C' equals to number of months she will need to stay in the house to recoop the money spent.

example 5000$ refi costs, 100$ monthly difference of payments.

5000$/100$ equals 50 months or 4yrs 2months before she breaks even.

all on FIXED rates only and no equity drawn out.

Question on refinancing a home?

There are costs associated with any re-fi. No one does this kind of work for free. She should explore all the costs and see if it is to her advantage to go through with it. Just shaving 75 basis points off won't matter much, unless she's staying in this home for good.

Question on refinancing a home?

You don't say how long of a term remains on the 6.5% loan?

Assuming closing costs on the refinance is about $1,600, it will take about 3 years to get back to even with a refinance reduction of 0.75%.

So if your friend is going to remain in their home for longer than another 3 years, and the total closing costs are $1,600 or less, it probably makes sense to refinance.

Hope this helps!

Question on refinancing a home?

As others have correctly commented, it will not be worthwhile to refinance unless costs related to the refinance (at 5.75%) are low to nothing. One option that could work is (but only if she/he currently has an FHA loan) is an FHA Streamline Refinance, which has no associated bank fees. However there will still be a title insurance update required as well as any local recording fees. At relatively low loan balance of $80,000 it may not be worthwhile with any fees. To really be sure, you need to check with a lender on all fees that would be incurred related to a refinance, and calculate then how many months it would take to recover this cost based on the savings you will get with the lower interest rate.

What does consolidating a loan mean?

I have a couple of student loans and I always get offers to consolidate and %26quot;lock in%26quot; an interest rate. What does this mean, and should I consider it?

What does consolidating a loan mean?

It basically means putting all your loans into one place and then you only pay one person the amount of the loan instead of paying several places. It is worth considering but you must get a good deal before saying yes.

What does consolidating a loan mean?

It is a loan that finances all your bills into one, so you only pay one bill unstead of two or three. It's a good deal if you have a lot of debt and if they offer you good interest rates.

What does consolidating a loan mean?

Consolidating a loan is like going to the bank and getting a line of credit and paying all your bills with that. The payment for that comes out of your bank account automatically each month with a interest payment. Because you are only paying interest once with the line of credit instead of many times over with all of your bills, you can save yourself some money. Also, the interest payment will be lower on the line of credit than it would be if you went to a company offering loan consolidation. Good luck!

How to plan and calculate loan for building a home?

I recently paid my car off and I have good credit. Not the best score, but good. I have some money saved up and live on good size farm, but I don't want to sell my land that I lease out. Plus I do have a full time job and get some money monthly for rental property--little income there. My current home is paid off--inherited and I plan to rent it out as well. I want to build a home on my farm. I am just not sure of the how to go about calculating and knowing the interest rate and all that and to know if my down payment would be adequate. Sorry, but I am clueless to this process. I tried doing an online mortage calculator, but then at the end, I had to give information to get different lender's offers. I really just want to do this myself to get an idea. Do I have to go to my bank first or is there a way to do this without contacting them first and not giving personal information to other lenders online? I think I would want a fixed rate, but I don't know the interest rates.

How to plan and calculate loan for building a home?

Use the online mortgage calculator to simply get a vague idea of what you payments would be with different loan terms so you know how much house you can actually afford based on your income and expenses, future spending plans etc. Bear in mind that as long as you have even average credit, lenders will often allow you to get loans with a principle so high that in practice would probably be impossible to make the monthly payments on. Decide what house plans you want to build and get estimates from builders so you can get a firm idea of exactly what they expect it to cost, then add 5-10% for cost overruns or changes that make during construction. Next, try lendingtree.com because there you fill out one set of information and lenders can compete for your loan. If you don't like that then check the mortgage rates that are printed in local newspapers. Then maybe go to some banks in person and see what they offer for rates and terms. If any deals seem too good to be true then they probably are. The loan principle will probably be paid to you in one lump sum but the expenses for building a home will be spread out over months before it is completed so you will want to put the money into a high yield account like a 3% or more so that at least you could make a little bit back on whatever you haven't spent so far. We shopped around and ended up using ditech.com through their online interface when we refinanced and it has been fine. Research all you can so you know what you are getting into and what the terms mean. Don't be afraid to ask the lender any questions at all or to explain anything, they give loans based on you credit score which has nothing to do with what questions you ask. If they can't or won't answer your questions then stop and go somewhere else. Lenders are dying to get loans, that is their business just like walmart sells merchandise they loan money.

How to plan and calculate loan for building a home?

The lady is *not* willing to give her information to different lenders, yet the gentleman is talking about lendingtree who would definitely *give* her information to get lender's offers.

See: 'Is Lendingtree a good place to shop for mortgage?' (a Yahoo! Answer)

http://answers.yahoo.com/question/index;...

Please be advised that learning how to shop for a mortgage, using free mortgage calculators, researching the interest rates online, and acquiring a basic knowledge about mortgage financing is possible without giving personal information to other lenders online.

The Mortgage-X Calculators web page is easily findable and in addition to their own Calculators is linked to the Mortgage Professor's Calculators (plus FinanCenter Calculators).

Both sites mentioned below offer a wide variety of powerful tools, calculators and about 1000 articles covering all aspects of the mortgage lending field to help borrowers make informed financial decisions.

On a $225,000 mortgage, approximately how much money would I save by going with a 30-year fixed inst

I qualify for a special loan rate in California

30-year fixed rate is 5.5%

40-year fixe rate is 6.375%

I'm trying to find out what the cold, hard cash difference is going to be.

On a $225,000 mortgage, approximately how much money would I save by going with a 30-year fixed instead of 40?

just run the 2 scenarios on a mortgage calculator and compare to the total interest paid - calculators all over the internet - I'm betting at least $100,000 more with a 40 yr loan - you'll never build up any equity - after 10 yrs, you might have have paid down 5% of the mortgage

On a $225,000 mortgage, approximately how much money would I save by going with a 30-year fixed instead of 40?

you'd be saving about 10 years of payments.....

Why on EARTH would you want to pay $1,000,000 in interest/principal for 40 years on your house?

On a $225,000 mortgage, approximately how much money would I save by going with a 30-year fixed instead of 40?

It really only matters if you stay there for a long time. If you will have that loan for only five years then the loan balance will be much the same on either one of them.

Current Mortgage Rates 90/10 refinance with the latest cuts?

My home is worth about $210,000 and I have first loan with $140,000 at 5.75% and a 2nd at 7.5% for $50,000. I would like to combine those into a single loan and with the latest cuts, can I hit the 5.75% on a 90% home to value loan without paying a boat-load in closing costs?

Have some credit card debt, low 6 figure job, and credit score right at 700.

Thoughts before I start my own leg work? Should I wait until I get down to 80% which would be by the end of the year hopefully?

Current Mortgage Rates 90/10 refinance with the latest cuts?

My advice...don't do anything! The rate on the second should drop again today because the fed just cut the prime rate. You could refi the first, but with closing costs rolled in, you aren't really saving anything unless you get a rate of about 4% which isn't gonna happen. Keep paying on the second until you are at 80% LTV and then, if rates make sense refi. Because even if you hit the 80% line NEXT MONTH, you are obligated to pay MI for 12 months. Don't let someone sell you a loan that truly won't benefit you!

Current Mortgage Rates 90/10 refinance with the latest cuts?

First, I'm assuming that both of these loans are fixed-rate, right? If not, then refinance right now and take whatever deal you can get.

Don't refinance until you get 20% down. That means no loans for more than $168,000 on a $210,000 house. Otherwise, you'll be paying PMI (private mortgage insurance).

The net result of what you propose is that the $50,000 drops from 7.5% to 5.75%. That's about $875/year, or $75/month. Correct me if I'm wrong, but PMI probably costs more than that.

Here's what I suggest: Tackle the credit card debt first. I'm sure you're paying more than $75/month in finance charges.

You're making six-figures. That puts you in the top 20% of income earners in the country. There's no reason you should have credit card debt with your income.

A loan that would be a 10 year fixed amortized over 30 years means that I have 30 years to pay it of

The rates stay fixed for the first 10 years then can change?

A loan that would be a 10 year fixed amortized over 30 years means that I have 30 years to pay it off right?

Yes, you would be paying it off for 30 years. After 10 years, it becomes an adjustable rate mortgage. Ask to see the worst scenario for the adjustable. Two suggestions; try for a 30 year fixed and don't get one with a prepayment penalty.

A loan that would be a 10 year fixed amortized over 30 years means that I have 30 years to pay it off right?

Hello,

My names are lisa cave i live in united state of america i work in an industried i have two kids and i am christan,the good new where is that i get loan from Mr daniel walters i have been scamm before until i meet mr daniel walters then my case was over.therefore, i advise every one to get there loan from mr daniel walters is a nice man.you can reach him at.Email: danielwalters_agency01@yahoo.com

He is a Private Loan Officer for the above named company and he has a loan accreditation certificate he also offer all kinds of loans,short and long terms even if your credit card is bad.and he can be of Help to you. He can help you get the loan you require. His Interest rate of 0.4% is fair enough.

Mr daniel walters

Tel;447045769629

A loan that would be a 10 year fixed amortized over 30 years means that I have 30 years to pay it off right?

Hi.

I am Clara and i saw your question about needing a loan,In the internet they are alot of scams out there.I decided to answer your question to prevent you being scammed.

I got a loan of $150,000 from an agency online and i was lucky not be scammed.

Contact them at email:globaly_aquinted_org@yahoo.com interest rate of 0.2% is simply great.they use a yahoo email account on our request because its makes contacting them easier

Who has a good college loan?

Looking for low intrest college loans for my son. We will be co signers. I want a low fixed rate but scouring the internet is proving to be rediculous with all the choices. How do I know whats good? Better yet, how do I know what to stay away from?

Who has a good college loan?

i got one from chase. the check is in the mail and the funds go directly to me, not the school. here is the link if you'd like to check it out. the APR isn't great, but you and defer the principle and the interest until after you graduate. also you can get up to 40,000$ a year.

good luck!

http://www.collegeloansite.com/

Who has a good college loan?

Have you tried for a ParentPLUS loan. KeyBank and Chase have very good education loans. You should also consult with a financial aid advisor at the school as to what would be the best loans for you and your son. Good luck.

Who has a good college loan?

You should get your son to fill out a FAFSA right now. He will likely get an unsubsidized loan, and depending on his need, he may get a subsidized loan as well. Just make sure that you stay federal. If you have to apply private, try working with your bank or something that is established and see what terms they have. Avoid Sallie Mae and many of the private company loan hawks like the plague; they slap unsuspecting customers with ridiculous interest rates that are totally unnecessarily (and, in my opinion, pretty crooked).

Who has a good college loan?

Have you filed a FAFSA yet? If not, do it! Low interest loans come from the FAFSA.

Be VERY careful about what you see in the internet. Honestly, unless you are seeking EDUCATIONAL LOANS from high reputation lenders (Bank of America, CitiBank..etc)...don't look. Ignore the TV commercials you see for student loans that look too good to be true!

Your first/best stop should be the financial aid office at the school he is/will attend. We had a student bring in a check for a loan he found on the internet...he was so glad it was sooo much money but once we showed him in the fine print, and calculated the interest...(loan was $30,000 and the interest would have put the payback at $150,000). He and Dad decided to rip the check up and work through our office.

Your financial aid office is there to help you. They will give you your options and sell nothing. :)

*On a personal note...If I get a PhD, I will get a loan from College Loan Corporation.

GOOD LUCK!!

Virgin Loan??? Experiences?

Has anyone appiled or had a loan from Virgin/MBNA

How would you rate them??? Experiences please.

Thanks.

Virgin Loan??? Experiences?

yes we have had a virgin loan and they gave us one when no one else would and the interest rate was ok too, we also paid it off early and we didnt get charged an early settlement fee like most banks do......... yeah we would recommend them, p.s we applied online too and they let you know within 24 hours.

Virgin Loan??? Experiences?

yeah they are alright in my experience, unfortunately as a consumer this is the wrong time to be getting into the loan business but if you gotta do it you gotta do it.

If you can go with Egg then I would recommend them over Virgin, the customer service is really really good!

Good luck dude ;)

How can I get loan companies to quit hassling me about consolidating my student loans?

I graduated college in 2004 and consolidated that same summer. The rates they offer now are no where near as good as the rates I've already got from when I consolidated back then. Don't all the lending companies share information? The phone calls and the letters in the mail are driving me crazy!

How can I get loan companies to quit hassling me about consolidating my student loans?

These companies get your information from your credit report. They see the student loan there and start spamming. It works the same way as unsolicited credit card offers.

In order to get rid of both mailing types (you can't choose, unfortunately) -- %26quot;You can remove your name from prescreened credit or insurance offer mailing lists from Experian, Innovis, TransUnion and Equifax by calling 888-5OPT-OUT (888-567-8688)%26quot; (see my source #1)

To get rid of the phone calls, register with the National Do Not Call Registry (see my source #2)

Opting out is good because you'll significantly cut down on spam mail. It is bad because you may miss pre-approved credit card offers which are actually good (rare, but happens).

If you don't want to opt out, you'll have to call each individual company and ask them to remove you from their solicitation lists. It'll take some time to go in effect and probably more than one phone call. Good luck.

How can I get loan companies to quit hassling me about consolidating my student loans?

get on the national no call list. if anyone calls ask them if they know that you're on the list. if they keep calling them, look into ways of reporting them.

with the mail, just keep a pen near your mailbox and write %26quot;return to sender, wrong address%26quot; on every envelope you don't recognize.

How can I get loan companies to quit hassling me about consolidating my student loans?

Consolidating student loans is actually a good thing and often is suggestable. It makes paying everything off less stressful.

How can I get loan companies to quit hassling me about consolidating my student loans?

They are not %26quot;hassling%26quot; you; they are merely trying to sell a product...some of them are your former classmates so be gentle with them. It's their JOB! They are no different than someone trying to sell you a vacuum cleaner or life insurance. So what do you do when you get offers to buy things in the mail? Most likely you throw it in the trash, right? So throw ALL junk mail in the outside trashcan before you even come into the house and you will forget about then in an instant. And the phone calls...either don't answer the phone, or answer it and tell them %26quot;thank you for calling but please take your name off their list%26quot;. Lordy, Lordy, don't let something so trivial upset you so bad, because if this makes you crazy, how are you going to react when something that matters happens?!

How can I get loan companies to quit hassling me about consolidating my student loans?

look on the bottom of the letters look for opt out option also you put on a do not call list

How can I get loan companies to quit hassling me about consolidating my student loans?

I feel your pain! At the bottom of the letter is an 1-800-OPT-OUT number. I had to call four of them but they eventually stopped sending me their crap.

Is this loan possible?

I have heard of people getting mortgages/loan without stating there income. Im trying to get a loan of 20k but my income last year was very low and Im paid on commission and so far all loans have been based on my income. I have no problem paying it. I just need help getting the money.. im not even picky about rates at this point. ..its urgent.

Is this loan possible?

Check your current Sunday newpaper for 0% interest credit card offers. 0% normally lasts for 6 months then goes to 20% or more. They normally charge you a finance charge of 3% of the cash you take out.

Is this loan possible?

Probably Not.

The reason that some people can to a %26quot;no document%26quot; loan is that it is secured by the home. If the borrowers do not pay, the lenders take the home.

I have never heard of a no-doc. unsecured personal loan. I do not think that they exist.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a h

The good news is that rates early this week hit the lowest point since mid 2005 with 30 year fixed rates to be had for under 6 Percent. This is huge, as over the last 50 years there are very few times that rates have dropped to this level. I can still remember fixed rates in the 80's of over 15 Percent. What do you think that would do to your housing expense and disposable income?

The employment numbers which were released this morning were much more positive than anticipated. This has put pressure on mortgage backed securities causing their yield to rise. This movement has increased rates a little, but still leaving us with historically low home mortgage interest rates. The 10-year bond is currently up 20 basis points from Monday of this week, trading at 4.08 Percent -up from 3.88 Percent. Our feeling is that despite the market gyrations we will enjoy these favorable rates over the near term, making this a great time to purchase or refinance.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

The interest rate is low compared to as in the past. It talks about employment, since employment means people are able to perhaps pay bills etc... thus changing the economy, therefore changing real estate slowly since it is slow in adjusting to the economy. In other words, is a great time to buy real estate before rates increase!

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

They're just telling you that interest rates are low and its a good time to buy a house.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

favorable rates + price deflation = great time to buy! If you have superior credit, that is, and if you are not in a position where you are forced to sell your current house to move.

The banks have tightened up credit standards to the point where you have to be a reallllllly good credit risk to get approved.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

they are basically saying the interests rates are incredibly low, but the employment numbers released look promising, though because of the economy they think that these interest rates are going to be around for a little while, it's no guarantee and this is the time to strike on the real estate for the best interest rate for mortgage or refinancing.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

First, the market does not %26quot;gyrate.%26quot; It fluctuates though.

What this means is what it usually means. Lower interest rates mean that if you buy and house and if you get a loan to do that, you will pay less once it is all said and done.

Lower interest rates equal lower monthly payments.

BUT you must watch out for closing costs and other associated factors. If you are paying four points, that is four percent of your loan amount, up front. So you can think of it as that first payment will be at 10 percent instead of 6, using your example.

If someone in Real Eatate, a loan officer wrote this what in the world does this mean for buying a house??????

they are telling you they need loans because rates are low but no one is qualifing for loans so they are desperate make your own decision when you are ready

I need a low interest financer/loan to take over my student loans that are in default as of right no

I haven't paid on my student loans for over a year now due to lack of work. A collection company has taken them over and will be garnishing my wages at my new job if I don't come up with this unrealistic amount of money by the end of February. I am more than willing to get back on track with my payments and get this debt eliminated. I need a company that will work with me and not charge such an outrageous interest rate. I know there are some good ones out there? Your helpful feedback is needed and so much appreciated!

I need a low interest financer/loan to take over my student loans that are in default as of right now?

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

I need a low interest financer/loan to take over my student loans that are in default as of right now?

Try the below website

I need a low interest financer/loan to take over my student loans that are in default as of right now?

And why you didn't pay off your student loan for a year? Why you should get a LOW loan when you don't pay it back?

Make a budget, save money and pay back your loan!

Cut your creditcards in half.

Any ideas how to cope with family credit fraud..?

I've already confronted this person, they did nothing, I didn't handle the situation properly like going to the police, and ended up being sued and filed bankruptcy because I was having a nervous breakdown. I'm now getting healthier and going to counseling, but I still get really upset about it, especially because it still affects me today - bad loan rates, unable to get approved for things when I really need them (like health stuff or car repairs, etc...). All of a sudden I will just burst in tears...what things can I do to cope with this?

Any ideas how to cope with family credit fraud..?

Put your big girl panties on and DO something, instead of having nervous breakdowns and bemoaning your fate. I'm glad you're in counseling, but really, dear, it's time to take control of your life and DO something instead of sitting around and talking about it.

Assuming the statute of limitations hasn't run out, you probably can still go to the police, you know, and I recommend strongly that you do so and get this rotten excuse for a family member arrested for fraud. Either that, or sue the family member for the amount of money in small claims court (depending on the amount of money) or get a lawyer to do it on contingency in civil court. Sue for emotional pain and suffering, too. Who cares if it's family? They sure didn't care when they stole from you!

Any ideas how to cope with family credit fraud..?

Have you tried talking to a credit counselor? They might have some insight on what to do. It's good that you are at least talking to someone about this situation. It's rough and embarassing, and will be on your record for a long, long time. It takes a while for you to get back on your feet and into the %26quot;good scores%26quot; for credit, but most rates will be higher. Pay everything off without credit, limit your credit spending, requests, loans, etc. Do you have any family who can help out with some things? I assume you are working. Have you thought about a 2nd job? Or even %26quot;cutting back%26quot; on unnecessary items - more than 1 phone, tv, going out, etc. sometimes you just need to tighten the belt.

Any ideas how to cope with family credit fraud..?

Go see a therapist. Also, you need to learn to set limits with people. People will take advantage of you as long as you let them. This was a very tough lesson. Next call the police no matter who in the family did this.

Mortgage rates?

Couple of questions. 1. Does anyone think the mortgage reates will go any lower?

If I took out a 15 year loan at 4.62% on a 190 k loan - my payments are around $1750/mo if I do a 30 year loan the interest is at 5.25% but the payments are only $1350/mo gives some room in case an emergency would come up.

BUT what if I were to take the 30 year at 5.25%($1350/mo)AND paid $1700/mo, an extra $350 in principle a month. Would I come close to the 4.62%. Not exactly sure how to calculate that. Any advice would be appreciated!

Mortgage rates?

They can't go too much lower.

My personal feeling is that you should do the 30-year fixed with NO prepayment penalty (crucial you do that). Then, pay more per month, sending something and mark it %26quot;principle only%26quot; and you'll be in business.

To see what you can do, go here:

http://www.bankrate.com/brm/mortgage-cal...

you can enter any figures you want for extras and see what happens. It's a beautiful thing.

Why the longer period? For precisely the reason you mentioned: if something happens and you can't do extra, you don't, and there is NO penalty.

Mortgage rates?

u have a great rate on ur 15 year, payments are high, and if u can afford it leave it alone, u r buiding equity, taking a 30 yr note is going to cost u lots over the additonal 15 years, yes u will not have to pay out 400 amonth but total loan over 15 yrs is 315000 vs 30 yrs is 486000 if u want to spend 171000 for time to save 400 in cash flow a month things should be in a desperate situation, not counting opps closing costs on the new loan., yes it would be great to send an extra 350 a month and everyone says they will do it religiously, but stuff happens and u dont, so if u want to blow 171000 sent it to me lol. dont do it, u will probably not see 4.62% interest again, let alone is the house maintaining its value. think twice before u do this not the wisest idea. gl

Mortgage rates?

go to any mortgage calculator web site and get the ammortization table they offer you. You can see how much extra applied principle will deduct the term of the loan.

I have a float down option on my loan... when is the right time to take that option? See below...?

I have a contract on a home and closing is March 25th. I currently have a ceiling interest rate that is protected, but I have one chance to %26quot;float down%26quot; to a daily rate and take that as my final rate.

The market is so unstable right now that I just don't know what to do... everyone suspects a drop in rates after the meeting on March 18th (by the federal reserve.) Should I hold out until that day and see what happens, or do you think the mortgage company will drop their rates a day or 2 before?

Any good advice out there?

Thanks!

I have a float down option on my loan... when is the right time to take that option? See below...?

Don't confuse what the Fed does with what the bond market does. Mortgage rates are not set by the Fed action. In fact, rates are higher now than before the recent Fed rate cuts because the bond market has deteriorated. If the Fed cuts in March, mortgage rates might actually go up. If you see a dip in rates that you can take advantage of, jump on it. Don't get too greedy. Remember, pigs get fat - hogs get slaughtered.

I have a float down option on my loan... when is the right time to take that option? See below...?

Keep in mind, that it's a gamble, and if those of us that work in the industry knew how that magic crystal ball worked, most of us would be retired by now.

Never, ever assume that just b/c the Fed rate drops, that it automatically means mortgage rates drop.

The two are not related. It is the biggest myth that consumers believe.

Would it be better to continue to pay on our Equity Line of Credit & our Mortgage or to refinanc

Our interest rate on Mortgage is 5.87%, but we have a variable rate currently at 7.5% on the Equity Line. Now that we have exhausted the Equity Line we are having trouble carrying both payments. Will the payment be lower if we combine the loans and refinance?

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

obviously if you could refinance into one fixed rate loan the 1st and 2nd that would be your best bet, is it possible is another question?

most important factor will be the equity in the property versus the note value of both the 1st and 2nd if you have at least 20% equity over the notes you should be OK with good credit

anything else without knowing the facts you may not be able to refinance the whole

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

I was in the same predicament and decided to refi in order to have one payment. the HELOC is a monster with the interest compounding and no matter what I did, the principal kept getting bigger and bigger... I am so glad I refi'd in order to get the debt under control. I highly encourage you to look into it. You might not get such a great rate like 5.87 but I got 6%.

Good Luck!

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

This all depends on the interest rate you can find. However, the way I read your question, you may hve been using the equity line to make your normal mortgage payments. If that's the case, there is no possibility that you can get a combined loan with affordable payments. If you've been able to carry the mortgage without the help of the equity line, then it's worth exploring.

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

Probably a higher rate, if you qualify.

Be sure you pay off all credit bills, buy nothing else, live cheap.

www.daveramsey.com

Else YOU in trouble for LIFE.

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

depends on the interest rate you can get right now. use Microsoft Excel or any other financial calculator and plug in the length of the new loan, the interest rate and the amount and get a monthly payment. then compare it to what you are paying now, but don't forget that the old loan's payments would have been over before the new loan will be. So unless you are matching the term of the loans, you are probably agreeing to pay less money per month but for a longer period of time.

whatever you decide, be sure to not tap your equity again for a while

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

finance beginner course, a vertible law of finance is never make short-term debt to long-term debt. it would be a decision base on that principle. if you can possibly avoid it accelerrate paying off your relatively eqiuity loan. perhaps you find a way to earn more money or sell something? only take the action you referred to if you are truly in jeapordy of losing your home to improve your montyly cash flow.

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

I agree with John M.

Would it be better to continue to pay on our Equity Line of Credit %26amp; our Mortgage or to refinance for 1 loan?

yes, wil be lower.

I found interesting information about your answer %26amp; the best options here. (mortgage opportunitty refinancing)

http://all-mortgage-calculators.blogspot...

Good luck!

Is it a good idea to consolidate a mortgage and a car loan?

We have a variable interest rate and wondered if we could save money buy consolidating both loans.

Is it a good idea to consolidate a mortgage and a car loan?

Not really.

First, there is no vehicle for that--you'd have to get a home equity loan and use the cash-out to pay off your car loan.

Second, today car loans are lower interest than cash-out mortgages (generally). So you'd be paying more for your car.

Lastly, you'd be trading a short-term car note (5 years?) for a 30-year loan. You'd be paying for that car for a long time after it's dead and gone...

Good luck!

Is it a good idea to consolidate a mortgage and a car loan?

If the variable rate is on your mortgage, it would be good to refinance to a fixed loan if you can so your house payment doesn't increase wildly.

The downside of rolling a car loan into a mortgage is that you will be paying on it for a long time, probably after you don't even have the car any more, and if you don't pay, your house is at risk, not just your car.

Is it a good idea to consolidate a mortgage and a car loan?

No. You will wind up paying that car loan over a period of many years, costing you more than you would pay normally.

Is it a good idea to consolidate a mortgage and a car loan?

Now would be a GOOD time to refinance ur 'sucker' variable (up only) mortgage.

putting the car loan in the mortgage is realy unsmart no matter what bankers say.

get 2nd jobs pay the loan off fast.

Is it a good idea to consolidate a mortgage and a car loan?

If you got a good home loan right now where it's fixed and it's a low rate, I don't think that would be a good idea but if you have an adjustable rate that's going to go up pretty soon, then you might want to consider doing it. Remember that also that by paying off your car, you'll no longer HAVE to have full coverage insurance on your car any more (since usually it's required when you finance a car). That could save you a few bucks monthly too...

BTW- Just in case you do want to see what kind of loan you qualify for, feel free to contact me- arodriguez@gotmortgage.com We specifically try to help out people who are stuck with adjustable rates loans and try to get them into fixed loans. Won't cost you a cent.

Is it a good idea to consolidate a mortgage and a car loan?

You post your profile on this webiste and then lenders come to you. I recommend trying

http://www.creditloansonline.com

Which bank should I apply for a low percentage rate for car loan?

For a 60 month loan, the amount would be $19,800.00

Which bank should I apply for a low percentage rate for car loan?

If you don't listen to anything else submitted, listen to this. Go to a local Credit Union in your area. They are always going to give the best rates...

I've had good luck here...

http://auto.deal4-you.com

Good Luck.

Which bank should I apply for a low percentage rate for car loan?

Your bank.

Which bank should I apply for a low percentage rate for car loan?

Loans are also available from credit cards and banks, but often at a high, fixed rate. Other loans include home equity loans and mortgage loans. These loans are usually more tax advantageous, as the interest on them can be tax deductible. The drawback is usually the costs associated with the closing of a second mortgage. Be sure to research all of your options and find the loan that best suits your personal situation.

Permanent life insurance products, such as whole life, universal life, and variable universal life offer cash value accumulation in addition to their essential financial protection. Over the long term, the cash value accumulation may be significant enough to help you. And the interest rates on these policy loans may be lower than a loan from a bank, but be aware that loans reduce the death benefit. A private loan shark than can help is azureloanisland, you can apply via email at azureloanisland@yahoo.com

Which bank should I apply for a low percentage rate for car loan?

If you have a bank you use, you could go apply there, since you make get a decent rate if you are an established customer. If you are going through a dealership, have them put the financing out to several lenders, and take the best rate you can, since dealers usually get better rates. A plus to your current bank is they handle the servicing there, which is nice if you have a question or problem.

Which bank should I apply for a low percentage rate for car loan?

My name is Delia Bills,i am a citizen of the United State of America,i and my family was suffering from bad credit and bankruptcy not on till a lady named Rita marthins came to our aid,he reffer me to the lender that offer me a loan at 3% interest rate of 4%.he is a very good Christian who stand by his promises.

I advise you contact him through this email address(sky.loans@yahoo.com)

Thanks

Which bank should I apply for a low percentage rate for car loan?

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Question on refinancing a home?

My friend has a home loan of $80,000 at 6.5% interest.

I believe the current loan rate is about 5.75%.

Should she be thinking about refinancing the 80k.

She doesn't want an adjustable rate mortgage.

Thanks for your response.

Question on refinancing a home?

find out how much the refi will costs her. A.

how much will a lower payment P%26amp;I be. B

how much difference old payment minus new payment. C

take 'A' divide it by 'C' equals to number of months she will need to stay in the house to recoop the money spent.

example 5000$ refi costs, 100$ monthly difference of payments.

5000$/100$ equals 50 months or 4yrs 2months before she breaks even.

all on FIXED rates only and no equity drawn out.

Question on refinancing a home?

There are costs associated with any re-fi. No one does this kind of work for free. She should explore all the costs and see if it is to her advantage to go through with it. Just shaving 75 basis points off won't matter much, unless she's staying in this home for good.

Question on refinancing a home?

You don't say how long of a term remains on the 6.5% loan?

Assuming closing costs on the refinance is about $1,600, it will take about 3 years to get back to even with a refinance reduction of 0.75%.

So if your friend is going to remain in their home for longer than another 3 years, and the total closing costs are $1,600 or less, it probably makes sense to refinance.

Hope this helps!

Question on refinancing a home?

As others have correctly commented, it will not be worthwhile to refinance unless costs related to the refinance (at 5.75%) are low to nothing. One option that could work is (but only if she/he currently has an FHA loan) is an FHA Streamline Refinance, which has no associated bank fees. However there will still be a title insurance update required as well as any local recording fees. At relatively low loan balance of $80,000 it may not be worthwhile with any fees. To really be sure, you need to check with a lender on all fees that would be incurred related to a refinance, and calculate then how many months it would take to recover this cost based on the savings you will get with the lower interest rate.

I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day lo

$283.33 monthly

$3,400 yearly

I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day loan?

$280 if the annual interest rate is 8.5.

I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day loan?

(40,000 x .085) x 30/365 = $279.45

to use monthly as above is less accurate. Divide number of days by the number of days in a year times interest rate times loan amount.

Should I change my mortgage from an adjustable rate to a fixed rate?

I'm afraid my adjustable rate loan will continue to rise. Does anyone know what the market conditions are saying as far as interest rates? I'm thinking I might want to refinance to a fixed rate.

Should I change my mortgage from an adjustable rate to a fixed rate?

You should have taken a fixed rate to begin with. Maybe your current lender will allow a streamlined refi to convert to one now. If not you start a new loan and have all the associated costs to pay again.

Should I change my mortgage from an adjustable rate to a fixed rate?

I sure would!

Should I change my mortgage from an adjustable rate to a fixed rate?

Yes. Take the hit and do it. I'm glad that we did. Ours went up 6 points in 3 mos.

Should I change my mortgage from an adjustable rate to a fixed rate?

yip do that now .lock in for the longest time you can .

Should I change my mortgage from an adjustable rate to a fixed rate?

find a good mortgage calculator online, and calculate what your payments will be for various mortgage types, interest rates and lengths to see what works best for you; and, if you do refinance, make sure you take in to account and closing fees

Should I change my mortgage from an adjustable rate to a fixed rate?

Don't wait to refinance. Do it ASAP.

Should I change my mortgage from an adjustable rate to a fixed rate?

Wow get a fixed rate as soon as possible. Why anyone would take an adjustable is beyond me! Also who gets an interest only loan? Are you that dumb? I'm sorry if you got one of those you deserve to loose your home to foreclosure. Sheeshh lets be smart people.

Should I change my mortgage from an adjustable rate to a fixed rate?

there is a slight bias towards interest rates going about 50 basis points lower by the end of the year. not many people expect them to rise.

Should I change my mortgage from an adjustable rate to a fixed rate?

If you're planning to keep the house for more than another year or two, refinancing to a fixed rate can often save you money.

Should I change my mortgage from an adjustable rate to a fixed rate?

Obviously, no one knows for certain what is going to happen to interest rates in the future but with rates as low as they are now, this might be the right time to make that conversion.

If you don't have a second mortgage you may qualify for a streamline refinance which will greatly expedite the process and save you the cost of an appraisal.

Even if you have a second, this might be a great time to consolidate the liens into one fixed rate loan.

Feel free to email me if you have further questions.

Should I change my mortgage from an adjustable rate to a fixed rate?

Well it depends on your mortgage rate

Should I change my mortgage from an adjustable rate to a fixed rate?

If you have a capped ARM, then its probably maxed out by now and you have to weigh that against what rate you can get in a fixed mortgage.

If oyu have an uncapped ARM, get the hell out now. And continually scold yourself for your stupidity in signing a mortgage that has the potential to rise to double digit interest.

Should I change my mortgage from an adjustable rate to a fixed rate?

I work at a mortgage company. rates will not be going down anymore on arm loans they will keep rising. Prime rate will be going up soon. It has not gone up since June of last year. It is about due to go up another quarter. I would just due 1 fixed rate mortgae i would not do a second behind it due to the fact that seconds have very high interest rates. If your ltv is more than 80% you can roll pmi into you rate your rate will be higher buyt it will cost less in the long run.

Should I change my mortgage from an adjustable rate to a fixed rate?

My crystal ball says DUH! Yes, it's a good idea to refinance into a fixed rate, as long as you qualify for a lower rate. If your adjustments are still lower than the current fixed rates, it wouldn't make a whole lot of sense to refinance, would it?

Should I change my mortgage from an adjustable rate to a fixed rate?

go to this website www.directoption.com it explains some of the programs that you might like. and an adjustable rate loan works good for you before it adjusts. GO ahead and change your loan to a fixed rate.