Answered
Can you give me a sentence using the word exorbitance?
They purchased a truck load of drinks for the party, and there was no excuse for such exorbitance.
Results for: Exorbitant
Answered
In Science
What is the root of exorbitant?
The root word for exorbitant is the Latin term orbita, which means course or track. The breakdown of the word exorbitant is as follows: ex- means out from … orbita means course or track. So the word exorbitant would mean going off track or unusually high. (MORE)
Answered
What is a sentence with the word exorbitant?
The chandeliers in the dining room were both exorbitant and expensive. His exorbitant lifestyle took him around the world. The check cashing service charged exorbitant interes…t rates. (MORE)
Answered
In Liens
Should you pay off a small lien on your house by refinancing or pay exorbitant interest until it is fulfilled?
Answer If you need to refinance to consolidate high interest credit card debt, reduce payments, etc..you should consider refinancing to pay off the lien in the refinanc…e. If the interest on the lien is ridiculous, refinancing may be a good idea. If you can handle the lien with all of your other expenses, then continue to pay as you are. The refinance process generally takes 21 days total with my company. If you would like a free, no-obligation assessment of your situation, Answer To clarify: We purchased the house 2 years ago for $64,000, and it is worth $80-90,000 now. We financed 100% and have 2 loans, one for $50,000 ARM which just went up to 8.99%. It is LIBOR+6.375, so it's pretty much always going to be terrible. The other for $11.500, @11.25% fixed, 15 years. We got these sucky interest rates because I financed under my name only, and my name had 2 cars with short payment history, no home-buying history, and 3 overextended credit cards, and we did non-income disclosure because my debt-income was like 85%. Obviously we need to refinance at some point. I was looking at rates last night, and at a "high" rate with no points (6.25% fixed) I could refinance for $75,000, still have 20% equity in the home, pay off the lien, still have money to remodel or save, AND my house payment would be nearly $150 lower. We fell behind last year on our HOA and the lien is $2000. However, the credit cards are in better shape, I now have 5 years of payment history on 2 cars, and they have both been paid off in the past 4 months. I also have the good payment history on the 2 house loans. We are starting to pay on the lien. Since I've lowered my debt-income ratio significantly, AND due to the raise in home prices, I'm confident that I can get interest rates lower than the ones I have. Significantly lower. Right? In addition, if we maintained 20% equity in the home, that also lowers the risk for the bank, and therefore our rate. Right? Which scenario sounds better at this point? Pay the lien off over a year's time, paying $150 extra on the house each month, then refinance, or.. Refinance, SAVE the extra $150 AND the money I would be paying on the lien, and use some of the "cash out" to pay down CCs even further? Is the lien going to negatively affect the refinancing process, and how much? Will it affect our chances for approval, our interest rate? Thanks for your help. And BTW your number has been disconnected. (MORE)