0
Are you familiar with Dave Ramsey (www.daveramsey.com)? I believe he would suggest selling one or two of the cars and using the income from the sale to pay off the other two. I'm assuming you need two cars, one for you and one for your spouse, if married. The other thing that needs consideration is why you need four cars? Are any of them used for a business? If they are, then the business income ought to be used to pay off that loan, not your personal income.
If one or two of them are used for a business, then you need to separate your family income and expenses from your business income and expenses. Actually as a former business owner, the IRS insists that you do this, and that you file separately for each.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is Eloan Refinance all about?
E-Loan refinance is part of the E-Loan service that deals with finding a new mortgage deal for an existing purchase. E-Loan is an online mortgage and loan broker owned by Lending Tree LLC.
When someone is a cosigner on the loan of your car does that mean he owns any part of it?
when you cosign on any kind of loan you dont have to pay anything unless the person you cosigned for does not pay the loan, then you are responsible for that the remaining balance on the loan
Refinance Your Mortgage For Less?
A mortgage is a contract between a homeowner and a lender. The lender finances the purchase of the home, and in return, the borrower must repay them over a period of time. In banking parlance, the lender amortizes the loan, usually over fifteen or thirty years. Part of the amortization process is determining what the interest rate on the loan will be. The interest rate applied to the amortized loan balance tells the borrower what their monthly payment will be. If the borrower gets into financial difficulty and cannot make the payments under their current interest rate, they can refinance their loan. Refinancing simply means that their loan is replaced by a loan with a lower interest rate. This can extend the life of the loan. Generally speaking, the homeowner pays off the interest first and the principal second. If they refinance their loan, this will reset all the interest payments they have already made, and they will have to start over from scratch. Even with this downside, they may still save money with the lower interest rate.
Is it easier for a person with poor credit to refinance their house with the help of a cosigner who has excellent credit?
It can be easier if you use their credit by putting them on title on the home and use there credit, however they will be responsible for the loan and be on title as at least a part owner. If you use another persons credit to do a refinance, the other person must in most title states be put on title and will be responible for the loan even if you both sign which you would have to do.
How do you buy out a spouse's mortgage?
You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.You must pay off the mortgage and refinance. As part of the transaction your spouse must convey their interest in the real estate to you then you can refinance in your own name providing you qualify according to to the lenders requirements.
What rates does FHA offer for loan mortgage and refinance?
FHA stands for 'Federal Housing Administration'. They are part of the United States government. As of May 22, 2013, the current FHA 30-year Fixed Loan has 3.75% interest and a 4.879% APR. A five-year ARM has 2.25% interest and a 2.942% APR.
Why do home equity line of credit payments change from month to month?
It is all good news. The interest portion of the payments are based on the number of days of the month as well as the principal remaining on the loan. Also, part of your payment reduces the amount of your loan (principal) that you are paying on.
Do i lose protection under California anti-deficiency judgment law if i refinance my home loan?
This question is timely and important in the State of California. Presently (August, 2012), the answer is yes, if you refinance, you lose the legislative protection you have against a bank's deficiency judgment if the bank forecloses judicially (i.e., through the courts). Anti-deficiency protection extends only to loans that are obtained to pay all or part of the purchase price of the home. However, a bill was recently introduced, and passed, in the State of California (SB 1069), providing that no deficiency judgment shall lie in any event on any loan, refinance, or other credit transaction that is used to refinance a purchase money loan, or subsequent refinances of a purchase money loan (except to the extent that the lender or creditor advances "new principal" to the borrower). The new law only applies to transactions executed on or after January 1, 2013.Stephen G. Hammers shammers@pcghlawyers.comhttp://www.linkedin.com/pub/stephen-hammers/23/a80/b41
What Is The Part Of Speech For Loan?
A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.
What is a partial secured loan?
Where only part of the loan is secured.
Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
If you are refinancing and your spouse is the only one on the loan but you are on the title will that be a problem since you are in a chapter 13 and your spouse is not?
Yes You can not refinance without a court order if the bankruptcy is still open on you.You own the house with your wife and all Your meaning just you assets are frozen until the bankruptcy closes and part of your assets are your part ownership in the house.
